Wellington Management Group LLP Sells 440,955 Shares of Wayfair Inc. (NYSE:W)

Wellington Management Group LLP decreased its stake in Wayfair Inc. (NYSE:W - Free Report) by 40.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 656,867 shares of the company's stock after selling 440,955 shares during the quarter. Wellington Management Group LLP owned 0.52% of Wayfair worth $29,112,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in W. True Wealth Design LLC raised its holdings in Wayfair by 207.1% in the fourth quarter. True Wealth Design LLC now owns 565 shares of the company's stock worth $25,000 after purchasing an additional 381 shares during the period. J.Safra Asset Management Corp raised its stake in Wayfair by 71.3% during the 4th quarter. J.Safra Asset Management Corp now owns 586 shares of the company's stock worth $26,000 after buying an additional 244 shares during the period. Jones Financial Companies Lllp raised its stake in Wayfair by 577.0% during the 4th quarter. Jones Financial Companies Lllp now owns 589 shares of the company's stock worth $26,000 after buying an additional 502 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in Wayfair in the fourth quarter valued at about $41,000. Finally, Venturi Wealth Management LLC acquired a new position in Wayfair in the fourth quarter valued at about $45,000. Institutional investors and hedge funds own 89.67% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on W. Bank of America lifted their price objective on Wayfair from $36.00 to $43.00 and gave the company a "neutral" rating in a report on Wednesday, May 14th. Deutsche Bank Aktiengesellschaft lowered shares of Wayfair from a "buy" rating to a "hold" rating and set a $25.00 price target on the stock. in a research note on Monday, April 14th. BMO Capital Markets set a $38.00 price objective on shares of Wayfair in a research report on Friday, May 2nd. Zelman & Associates initiated coverage on shares of Wayfair in a report on Thursday, May 15th. They set an "outperform" rating on the stock. Finally, The Goldman Sachs Group reduced their target price on shares of Wayfair from $50.00 to $31.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Wayfair currently has an average rating of "Moderate Buy" and a consensus target price of $43.83.

Wayfair Stock Performance

NYSE:W traded up $0.31 during mid-day trading on Monday, reaching $41.55. 4,422,508 shares of the company's stock were exchanged, compared to its average volume of 4,769,108. Wayfair Inc. has a one year low of $20.41 and a one year high of $62.43. The business's fifty day simple moving average is $32.29 and its two-hundred day simple moving average is $39.87. The firm has a market capitalization of $5.33 billion, a PE ratio of -10.34 and a beta of 2.93.

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

Insider Activity

In other Wayfair news, CTO Fiona Tan sold 23,835 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $31.92, for a total transaction of $760,813.20. Following the completion of the sale, the chief technology officer now directly owns 111,128 shares in the company, valued at approximately $3,547,205.76. This trade represents a 17.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Steven Conine sold 73,095 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $40.40, for a total value of $2,953,038.00. Following the completion of the transaction, the insider now directly owns 469,073 shares in the company, valued at $18,950,549.20. This represents a 13.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 242,915 shares of company stock valued at $9,258,415. Insiders own 21.91% of the company's stock.

About Wayfair

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.