Wayfair Inc. (NYSE:W) Shares Sold by Jump Financial LLC

Jump Financial LLC trimmed its stake in Wayfair Inc. (NYSE:W - Free Report) by 75.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 105,410 shares of the company's stock after selling 332,031 shares during the period. Jump Financial LLC owned approximately 0.08% of Wayfair worth $4,672,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of W. J.Safra Asset Management Corp grew its holdings in shares of Wayfair by 71.3% in the fourth 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. Jones Financial Companies Lllp increased 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 acquiring an additional 502 shares during the period. GAMMA Investing LLC lifted its stake 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 bought a new stake in Wayfair during the fourth quarter valued at about $41,000. Finally, Venturi Wealth Management LLC bought a new position in Wayfair in the fourth quarter worth about $45,000. Hedge funds and other institutional investors own 89.67% of the company's stock.

Insider Transactions at Wayfair

In other Wayfair news, CFO Kate Gulliver sold 19,296 shares of Wayfair stock in a transaction dated Wednesday, April 2nd. The stock was 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 directly owns 144,474 shares of the company's stock, valued at $4,575,491.58. The trade was a 11.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Fiona Tan sold 23,835 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $31.92, for a total value of $760,813.20. Following the completion of the transaction, the chief technology officer now owns 111,128 shares in the company, valued at approximately $3,547,205.76. The trade was a 17.66 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 92,863 shares of company stock valued at $3,393,929. 21.91% of the stock is currently owned by corporate insiders.

Wayfair Trading Up 5.0 %

W stock traded up $1.28 during trading on Tuesday, reaching $27.09. 904,041 shares of the stock were exchanged, compared to its average volume of 4,604,338. The business has a 50 day moving average price of $34.16 and a 200-day moving average price of $42.21. Wayfair Inc. has a 1 year low of $20.41 and a 1 year high of $76.18. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of -6.74 and a beta of 3.72.

Wayfair (NYSE:W - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported ($0.96) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($1.01). The company had revenue of $3.12 billion for the quarter, compared to analysts' expectations of $3.07 billion. On average, research analysts anticipate that Wayfair Inc. will post -2.54 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Jefferies Financial Group upgraded shares of Wayfair from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $45.00 to $47.00 in a research note on Friday, March 7th. Wedbush reiterated a "neutral" rating and issued a $46.00 target price (up previously from $44.00) on shares of Wayfair in a research report on Friday, February 21st. Citigroup lowered shares of Wayfair from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $58.00 to $28.00 in a research note on Friday, April 4th. Deutsche Bank Aktiengesellschaft lowered Wayfair from a "buy" rating to a "hold" rating and set a $25.00 price objective for the company. in a research note on Monday, April 14th. Finally, Bank of America reduced their price target on Wayfair from $52.00 to $50.00 and set a "neutral" rating for the company in a research report on Friday, February 21st. Sixteen equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $52.00.

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.