Signaturefd LLC grew its position in Wayfair Inc. (NYSE:W - Free Report) by 9.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 203,775 shares of the company's stock after buying an additional 16,905 shares during the period. Signaturefd LLC owned 0.17% of Wayfair worth $12,573,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. McGlone Suttner Wealth Management Inc. bought a new position in shares of Wayfair in the 4th quarter worth $29,000. BluePath Capital Management LLC bought a new position in Wayfair during the third quarter worth about $34,000. DekaBank Deutsche Girozentrale bought a new position in Wayfair during the third quarter worth about $34,000. Captrust Financial Advisors lifted its holdings in Wayfair by 102.6% during the first quarter. Captrust Financial Advisors now owns 780 shares of the company's stock worth $86,000 after acquiring an additional 395 shares in the last quarter. Finally, State of Wyoming bought a new position in Wayfair during the second quarter worth about $54,000. 89.67% of the stock is owned by institutional investors and hedge funds.
Wayfair Stock Performance
NYSE:W traded down $1.06 on Friday, hitting $53.68. The stock had a trading volume of 3,265,732 shares, compared to its average volume of 3,684,358. The stock has a market cap of $6.46 billion, a P/E ratio of -8.23 and a beta of 3.29. Wayfair Inc. has a 1 year low of $29.51 and a 1 year high of $90.71. The firm's fifty day simple moving average is $59.44 and its two-hundred day simple moving average is $55.10.
Wayfair (NYSE:W - Get Free Report) last released its quarterly earnings data on Thursday, February 22nd. The company reported ($1.46) earnings per share for the quarter, beating analysts' consensus estimates of ($1.54) by $0.08. The business had revenue of $3.11 billion during the quarter, compared to analysts' expectations of $3.10 billion. Equities research analysts predict that Wayfair Inc. will post -3.37 EPS for the current year.
Insider Buying and Selling
In related news, insider Jon Blotner sold 3,492 shares of the business's stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $50.34, for a total transaction of $175,787.28. Following the transaction, the insider now owns 32,118 shares in the company, valued at $1,616,820.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Jon Blotner sold 3,492 shares of the business's stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $50.34, for a total transaction of $175,787.28. Following the sale, the insider now owns 32,118 shares of the company's stock, valued at $1,616,820.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kate Gulliver sold 3,395 shares of the company's stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $65.04, for a total transaction of $220,810.80. Following the completion of the transaction, the chief financial officer now owns 82,560 shares in the company, valued at approximately $5,369,702.40. The disclosure for this sale can be found here. Insiders have sold a total of 89,808 shares of company stock worth $5,445,222 in the last 90 days. 26.81% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on W shares. StockNews.com upgraded Wayfair from a "sell" rating to a "hold" rating in a report on Friday, March 29th. Mizuho started coverage on Wayfair in a research note on Tuesday, March 19th. They issued a "buy" rating and a $72.00 price target on the stock. Royal Bank of Canada lifted their price target on Wayfair from $55.00 to $62.00 and gave the company a "sector perform" rating in a research note on Friday, February 23rd. Raymond James raised Wayfair from a "market perform" rating to a "strong-buy" rating and set a $65.00 price target on the stock in a research note on Friday, February 16th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $75.00 price target on shares of Wayfair in a research note on Thursday, February 22nd. Ten research analysts have rated the stock with a hold rating, seventeen 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 currently has a consensus rating of "Moderate Buy" and an average price target of $77.03.
View Our Latest Report on Wayfair
About Wayfair
(
Free Report)
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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