Wayfair Inc. (NYSE:W) Shares Sold by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC cut its stake in Wayfair Inc. (NYSE:W - Free Report) by 59.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 128,467 shares of the company's stock after selling 188,533 shares during the period. Lighthouse Investment Partners LLC owned about 0.10% of Wayfair worth $5,694,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of W. Capital World Investors lifted its holdings in shares of Wayfair by 6.2% in the 4th quarter. Capital World Investors now owns 13,506,200 shares of the company's stock valued at $598,596,000 after purchasing an additional 782,757 shares during the last quarter. Baillie Gifford & Co. increased its position in Wayfair by 13.6% in the 4th quarter. Baillie Gifford & Co. now owns 6,179,761 shares of the company's stock valued at $273,887,000 after acquiring an additional 740,641 shares during the period. Norges Bank acquired a new position in Wayfair during the 4th quarter worth approximately $31,472,000. Arrowstreet Capital Limited Partnership acquired a new position in Wayfair during the 4th quarter worth approximately $30,735,000. Finally, Renaissance Technologies LLC increased its position in Wayfair by 17.9% during the 4th quarter. Renaissance Technologies LLC now owns 3,834,667 shares of the company's stock worth $169,952,000 after purchasing an additional 581,000 shares during the period. 89.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Wayfair

In related news, CTO Fiona Tan sold 23,835 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $31.92, for a total transaction of $760,813.20. Following the transaction, the chief technology officer now owns 111,128 shares in the company, valued at $3,547,205.76. This trade represents a 17.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven Conine sold 30,000 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were 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 in the company, valued at $25,901,852.09. This represents a 5.09% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 122,826 shares of company stock worth $4,587,201. 21.91% of the stock is owned by company insiders.

Wayfair Trading Up 0.4%

NYSE W traded up $0.15 during trading hours on Thursday, reaching $38.68. The company's stock had a trading volume of 4,929,804 shares, compared to its average volume of 4,728,030. The business has a 50-day simple moving average of $30.92 and a 200 day simple moving average of $40.05. Wayfair Inc. has a 52 week low of $20.41 and a 52 week high of $71.15. The stock has a market cap of $4.91 billion, a PE ratio of -9.62 and a beta of 2.93.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on W shares. Loop Capital reissued a "sell" rating and set a $35.00 price target on shares of Wayfair in a research note on Wednesday. Wedbush raised Wayfair to a "hold" rating in a research note on Thursday, May 1st. UBS Group reduced their price target on Wayfair from $60.00 to $55.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Guggenheim lowered their price target on Wayfair from $60.00 to $50.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Finally, Evercore ISI raised their target price on Wayfair from $40.00 to $45.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Wayfair currently has an average rating of "Moderate Buy" and a consensus 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.