Interval Partners LP Has $10.23 Million Stake in Wayfair Inc. (NYSE:W)

Interval Partners LP increased its stake in shares of Wayfair Inc. (NYSE:W - Free Report) by 24.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 230,762 shares of the company's stock after purchasing an additional 45,762 shares during the quarter. Interval Partners LP owned approximately 0.18% of Wayfair worth $10,227,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Capital World Investors increased its position in Wayfair by 6.2% in the 4th quarter. Capital World Investors now owns 13,506,200 shares of the company's stock worth $598,596,000 after purchasing an additional 782,757 shares during the last quarter. Vanguard Group Inc. raised its position in Wayfair by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 9,315,337 shares of the company's stock valued at $412,856,000 after acquiring an additional 327,603 shares in the last quarter. Baillie Gifford & Co. lifted its stake in Wayfair by 13.6% in the fourth quarter. Baillie Gifford & Co. now owns 6,179,761 shares of the company's stock valued at $273,887,000 after acquiring an additional 740,641 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Wayfair by 17.9% in the fourth quarter. Renaissance Technologies LLC now owns 3,834,667 shares of the company's stock valued at $169,952,000 after acquiring an additional 581,000 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Wayfair by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,546,932 shares of the company's stock worth $68,584,000 after acquiring an additional 22,078 shares in the last quarter. 89.67% of the stock is currently owned by institutional investors and hedge funds.

Wayfair Price Performance

W opened at $32.72 on Friday. The company has a market capitalization of $4.15 billion, a P/E ratio of -8.14 and a beta of 2.93. The firm's fifty day moving average price is $30.64 and its two-hundred day moving average price is $40.14. Wayfair Inc. has a fifty-two week low of $20.41 and a fifty-two week high of $76.18.

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

Insider Buying and Selling

In other news, CFO Kate Gulliver sold 19,296 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $31.67, for a total transaction of $611,104.32. Following the completion of the sale, the chief financial officer now owns 144,474 shares of the company's stock, valued at approximately $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 SEC, which is accessible through this link. Also, insider Steven Conine sold 30,000 shares of Wayfair stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $46.33, for a total transaction of $1,389,900.00. Following the completion of the transaction, the insider now owns 559,073 shares of the company's stock, valued at $25,901,852.09. This trade represents a 5.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 92,915 shares of company stock worth $3,389,028 in the last 90 days. 21.91% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on W shares. UBS Group reduced their price objective on shares of Wayfair from $60.00 to $55.00 and set a "buy" rating for the company in a research note on Monday, April 14th. JPMorgan Chase & Co. decreased their price target on Wayfair from $63.00 to $50.00 and set an "overweight" rating for the company in a research note on Monday, March 10th. The Goldman Sachs Group lowered their price objective on Wayfair from $50.00 to $31.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Evercore ISI upped their target price on Wayfair from $40.00 to $45.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Finally, 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 report on Monday, April 14th. Fourteen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Wayfair currently has an average rating of "Moderate Buy" and an average price target of $48.25.

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.

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