Prescott General Partners LLC Sells 829,863 Shares of Wayfair Inc. (NYSE:W)

Prescott General Partners LLC decreased its position in Wayfair Inc. (NYSE:W - Free Report) by 22.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,922,401 shares of the company's stock after selling 829,863 shares during the quarter. Wayfair accounts for 9.5% of Prescott General Partners LLC's portfolio, making the stock its 4th biggest holding. Prescott General Partners LLC owned approximately 2.33% of Wayfair worth $129,521,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. J.Safra Asset Management Corp increased its position in shares of Wayfair by 71.3% during the 4th quarter. J.Safra Asset Management Corp now owns 586 shares of the company's stock valued at $26,000 after purchasing an additional 244 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Wayfair by 65.5% during 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 last quarter. Jones Financial Companies Lllp increased its position in shares of Wayfair by 577.0% during 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. Arizona State Retirement System increased its position in shares of Wayfair by 2.4% during the 4th quarter. Arizona State Retirement System now owns 26,951 shares of the company's stock valued at $1,194,000 after purchasing an additional 624 shares during the last quarter. Finally, Pictet Asset Management Holding SA increased its position in shares of Wayfair by 5.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 12,531 shares of the company's stock valued at $555,000 after purchasing an additional 690 shares during the last quarter. Institutional investors own 89.67% of the company's stock.

Wayfair Stock Up 2.2%

Shares of NYSE W traded up $0.84 during mid-day trading on Friday, reaching $39.59. 3,709,736 shares of the company were exchanged, compared to its average volume of 4,736,971. The stock has a market cap of $5.02 billion, a price-to-earnings ratio of -9.85 and a beta of 2.93. Wayfair Inc. has a 1 year low of $20.41 and a 1 year high of $68.87. The firm has a 50-day moving average of $31.13 and a 200 day moving average of $39.96.

Wayfair (NYSE:W - Get Free Report) last issued its quarterly earnings data 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 company 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 quarter last year, the company earned ($0.32) earnings per share. On average, equities analysts forecast that Wayfair Inc. will post -2.54 earnings per share for the current year.

Insider Buying and Selling

In other Wayfair news, insider Steven Conine sold 2,246 shares of the stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $40.01, for a total value of $89,862.46. Following the completion of the sale, the insider now directly owns 542,168 shares in the company, valued at approximately $21,692,141.68. This trade represents a 0.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 sale, the chief technology officer now owns 111,128 shares of the company's stock, valued at approximately $3,547,205.76. This trade represents a 17.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 127,330 shares of company stock worth $4,767,406 in the last three months. 21.91% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on W shares. Wedbush raised Wayfair to a "hold" rating in a research report on Thursday, May 1st. BMO Capital Markets set a $38.00 price objective on Wayfair in a research report on Friday, May 2nd. Loop Capital reaffirmed a "sell" rating and issued a $35.00 price objective on shares of Wayfair in a research report on Wednesday. Needham & Company LLC reaffirmed a "buy" rating and issued a $50.00 price objective on shares of Wayfair in a research report on Thursday, May 1st. Finally, Stifel Nicolaus cut their price objective on Wayfair from $46.00 to $29.00 and set a "hold" rating on the stock in a research report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently 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.