Janus Henderson Group PLC Reduces Holdings in Wayfair Inc. (NYSE:W)

Janus Henderson Group PLC lessened its holdings in Wayfair Inc. (NYSE:W - Free Report) by 33.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,709,301 shares of the company's stock after selling 2,419,161 shares during the quarter. Janus Henderson Group PLC owned approximately 3.76% of Wayfair worth $208,717,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. J.Safra Asset Management Corp lifted its position in Wayfair by 71.3% in the fourth quarter. J.Safra Asset Management Corp now owns 586 shares of the company's stock valued at $26,000 after acquiring an additional 244 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Wayfair by 577.0% in the 4th quarter. Jones Financial Companies Lllp now owns 589 shares of the company's stock valued at $26,000 after purchasing an additional 502 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Wayfair by 65.5% in the 4th quarter. GAMMA Investing LLC now owns 710 shares of the company's stock valued at $31,000 after purchasing an additional 281 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in Wayfair during the 4th quarter worth approximately $41,000. Finally, Venturi Wealth Management LLC acquired a new position in Wayfair during the fourth quarter worth approximately $45,000. 89.67% of the stock is currently owned by institutional investors and hedge funds.

Wayfair Price Performance

NYSE:W traded down $0.89 during trading hours on Wednesday, reaching $38.12. 6,702,339 shares of the company traded hands, compared to its average volume of 4,722,147. The firm's 50-day moving average is $30.86 and its 200-day moving average is $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 1-year low of $20.41 and a 1-year high of $74.49.

Wayfair (NYSE:W - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.10 earnings per share for the quarter, topping analysts' consensus estimates 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. The company's revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.32) EPS. As a group, research analysts predict that Wayfair Inc. will post -2.54 earnings per share for the current year.

Insider Buying and Selling at Wayfair

In related 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 value of $611,104.32. Following the transaction, the chief financial officer now owns 144,474 shares in the company, 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 the SEC website. Also, insider Steven Conine sold 30,000 shares of the business's stock in a transaction that occurred on 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 sale, the insider now owns 559,073 shares of the company's stock, valued at approximately $25,901,852.09. This represents a 5.09% decrease in their ownership of the stock. 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.

Analyst Upgrades and Downgrades

A number of research analysts have commented on W shares. Truist Financial set a $40.00 price objective on shares of Wayfair in a research note on Friday, May 2nd. Stifel Nicolaus decreased their price objective on Wayfair from $46.00 to $29.00 and set a "hold" rating for the company in a research report on Wednesday, April 23rd. Bank of America lifted their target price on Wayfair from $36.00 to $43.00 and gave the company a "neutral" rating in a research note on Wednesday. Jefferies Financial Group upgraded Wayfair from a "hold" rating to a "buy" rating and upped their price target for the stock from $45.00 to $47.00 in a research note on Friday, March 7th. Finally, BMO Capital Markets set a $38.00 price objective on shares of Wayfair in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price 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.