J. Goldman & Co LP Raises Stake in Wayfair Inc. (NYSE:W)

J. Goldman & Co LP grew its stake in Wayfair Inc. (NYSE:W - Free Report) by 172.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,366 shares of the company's stock after buying an additional 13,513 shares during the period. J. Goldman & Co LP's holdings in Wayfair were worth $947,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp increased its stake in shares of Wayfair by 577.0% in the fourth quarter. Jones Financial Companies Lllp now owns 589 shares of the company's stock worth $26,000 after acquiring an additional 502 shares during the period. J.Safra Asset Management Corp raised its position in shares of 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 purchasing an additional 244 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Wayfair by 65.5% during the 4th quarter. GAMMA Investing LLC now owns 710 shares of the company's stock worth $31,000 after purchasing an additional 281 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Wayfair during the 4th quarter worth about $41,000. Finally, Venturi Wealth Management LLC purchased a new stake in Wayfair during the 4th quarter valued at about $45,000. Hedge funds and other institutional investors own 89.67% of the company's stock.

Wayfair Trading Down 2.3%

Shares of NYSE W traded down $0.89 during mid-day trading on Wednesday, reaching $38.12. The company had a trading volume of 6,702,339 shares, compared to its average volume of 4,722,147. The firm has a 50 day simple moving average of $30.86 and a two-hundred day simple moving average of $40.06. The stock has a market cap of $4.84 billion, a P/E ratio of -9.48 and a beta of 2.93. Wayfair Inc. has a 52-week low of $20.41 and a 52-week high of $74.49.

Wayfair (NYSE:W - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.71 billion. During the same period in the previous year, the business posted ($0.32) earnings per share. The company's revenue for the quarter was up .0% on a year-over-year basis. On average, equities analysts expect that Wayfair Inc. will post -2.54 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Canaccord Genuity Group dropped their price objective on shares of Wayfair from $68.00 to $58.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Guggenheim dropped their price target on shares of Wayfair from $60.00 to $50.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $25.00 price objective on shares of Wayfair in a research report on Friday, April 25th. BMO Capital Markets set a $38.00 price objective on shares of Wayfair in a research report on Friday, May 2nd. Finally, Raymond James set a $60.00 price objective on shares of Wayfair and gave the stock a "strong-buy" rating in a research report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $43.83.

Insider Activity

In other Wayfair news, insider Jon Blotner sold 19,257 shares of Wayfair stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $31.68, for a total transaction of $610,061.76. Following the completion of the transaction, the insider now owns 78,308 shares in the company, valued at approximately $2,480,797.44. The trade was a 19.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Steven Conine sold 30,000 shares of Wayfair stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $46.33, for a total transaction of $1,389,900.00. Following the transaction, the insider now owns 559,073 shares of the company's stock, valued at approximately $25,901,852.09. The trade was a 5.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 92,915 shares of company stock valued at $3,389,028 over the last quarter. Corporate 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.