Wayfair Inc. (NYSE:W) Holdings Trimmed by Bares Capital Management Inc.

Bares Capital Management Inc. lowered its holdings in shares of Wayfair Inc. (NYSE:W - Free Report) by 1.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 968,349 shares of the company's stock after selling 15,173 shares during the period. Wayfair accounts for approximately 3.9% of Bares Capital Management Inc.'s holdings, making the stock its 8th largest position. Bares Capital Management Inc. owned about 0.77% of Wayfair worth $42,917,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Tidal Investments LLC boosted its holdings in shares of Wayfair by 18.1% during the 3rd quarter. Tidal Investments LLC now owns 21,665 shares of the company's stock worth $1,217,000 after buying an additional 3,320 shares during the period. GAMMA Investing LLC grew its position in shares of Wayfair by 65.5% in the fourth 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 last quarter. Assenagon Asset Management S.A. bought a new position in shares of Wayfair during the fourth quarter worth approximately $6,799,000. Ameritas Advisory Services LLC acquired a new stake in Wayfair during the 4th quarter worth approximately $229,000. Finally, Nisa Investment Advisors LLC boosted its stake in Wayfair by 5.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 44,710 shares of the company's stock valued at $1,982,000 after purchasing an additional 2,250 shares during the period. Institutional investors and hedge funds own 89.67% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Evercore ISI increased their price objective on Wayfair from $40.00 to $45.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. 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. UBS Group decreased their target price on shares of Wayfair from $60.00 to $55.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Jefferies Financial Group upgraded shares of Wayfair from a "hold" rating to a "buy" rating and lifted their price target for the company from $45.00 to $47.00 in a research report on Friday, March 7th. Finally, Loop Capital reduced their price target on Wayfair from $55.00 to $45.00 and set a "hold" rating on the stock in a research report on Friday, February 21st. Fourteen research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $48.25.

Insider Activity at Wayfair

In related news, insider Steven Conine sold 30,000 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $46.33, for a total value of $1,389,900.00. Following the transaction, the insider now directly owns 559,073 shares in the company, valued at $25,901,852.09. This trade represents a 5.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Kate Gulliver sold 19,296 shares of the company's 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 owns 144,474 shares in the company, valued at $4,575,491.58. This represents a 11.78 % 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 worth $3,389,028 in the last 90 days. Corporate insiders own 21.91% of the company's stock.

Wayfair Stock Up 0.8 %

Wayfair stock traded up $0.24 during mid-day trading on Wednesday, hitting $30.39. 4,646,876 shares of the stock were exchanged, compared to its average volume of 4,647,253. The stock has a market capitalization of $3.86 billion, a price-to-earnings ratio of -7.56 and a beta of 2.93. Wayfair Inc. has a 12 month low of $20.41 and a 12 month high of $76.18. The firm's fifty day simple moving average is $30.90 and its two-hundred day simple moving average is $40.45.

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

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.