Tabor Asset Management LP Sells 43,306 Shares of Wayfair Inc. (NYSE:W)

Tabor Asset Management LP decreased its stake in shares of Wayfair Inc. (NYSE:W - Free Report) by 27.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 113,565 shares of the company's stock after selling 43,306 shares during the quarter. Wayfair comprises approximately 2.4% of Tabor Asset Management LP's investment portfolio, making the stock its 18th largest holding. Tabor Asset Management LP owned about 0.09% of Wayfair worth $5,033,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of W. Capital World Investors increased its holdings in shares of Wayfair by 6.2% during the fourth quarter. Capital World Investors now owns 13,506,200 shares of the company's stock valued at $598,596,000 after acquiring an additional 782,757 shares in the last quarter. Baillie Gifford & Co. grew its position in Wayfair by 13.6% in the 4th quarter. Baillie Gifford & Co. now owns 6,179,761 shares of the company's stock valued at $273,887,000 after purchasing an additional 740,641 shares during the period. Norges Bank bought a new stake in Wayfair during the 4th quarter valued at $31,472,000. Arrowstreet Capital Limited Partnership bought a new stake in Wayfair during the 4th quarter valued at $30,735,000. Finally, Renaissance Technologies LLC raised its holdings in Wayfair by 17.9% during the fourth quarter. Renaissance Technologies LLC now owns 3,834,667 shares of the company's stock worth $169,952,000 after buying an additional 581,000 shares during the last quarter. Institutional investors own 89.67% of the company's stock.

Wayfair Stock Down 0.5%

Shares of NYSE W traded down $0.20 during trading on Thursday, reaching $36.22. 3,488,581 shares of the company traded hands, compared to its average volume of 4,726,590. The firm has a 50 day simple moving average of $31.47 and a 200-day simple moving average of $39.90. Wayfair Inc. has a 52-week low of $20.41 and a 52-week high of $65.25. The stock has a market capitalization of $4.60 billion, a PE ratio of -9.01 and a beta of 2.93.

Wayfair (NYSE:W - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.24. The company had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.71 billion. The company's revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.32) EPS. As a group, research analysts predict that Wayfair Inc. will post -2.54 EPS for the current year.

Insider Buying and Selling

In other news, CFO Kate Gulliver sold 19,296 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $31.67, for a total value of $611,104.32. Following the transaction, the chief financial officer now owns 144,474 shares of the company's stock, valued at $4,575,491.58. This trade represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Steven Conine sold 2,246 shares of the stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $40.01, for a total transaction of $89,862.46. Following the completion of the sale, the insider now directly owns 542,168 shares of the company's stock, valued at $21,692,141.68. This represents a 0.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 97,330 shares of company stock valued at $3,377,506 over the last 90 days. Company insiders own 21.91% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on W shares. Royal Bank of Canada reissued a "sector perform" rating and set a $25.00 target price on shares of Wayfair in a research report on Friday, April 25th. Citigroup boosted their price objective on Wayfair from $30.00 to $32.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Guggenheim dropped their target price on Wayfair from $60.00 to $50.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Raymond James set a $60.00 target price on Wayfair and gave the company a "strong-buy" rating in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. lowered their price target on Wayfair from $63.00 to $50.00 and set an "overweight" rating for the company in a research report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Wayfair presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.83.

Wayfair Profile

Wayfair Inc provides e-commerce business in the United States and internationally. The company offers approximately thirty million products for the home sector. It offers online selections of furniture, décor, housewares, and home improvement products through its sites consisting of Wayfair, Joss & Main, AllModern, Birch Lane, Perigold, and Wayfair Professional.