AXQ Capital LP Acquires Shares of 8,206 Wayfair Inc. (NYSE:W)

AXQ Capital LP bought a new stake in shares of Wayfair Inc. (NYSE:W - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 8,206 shares of the company's stock, valued at approximately $364,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. J.Safra Asset Management Corp raised its stake in Wayfair by 71.3% during the fourth quarter. J.Safra Asset Management Corp now owns 586 shares of the company's stock worth $26,000 after acquiring an additional 244 shares in 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 worth $26,000 after purchasing an additional 502 shares in the last quarter. GAMMA Investing LLC lifted its holdings in 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. Point72 Asia Singapore Pte. Ltd. acquired a new position in Wayfair in the third quarter valued at about $44,000. Finally, Venturi Wealth Management LLC acquired a new position in Wayfair in the fourth quarter valued at about $45,000. Institutional investors own 89.67% of the company's stock.

Wayfair Stock Down 4.3 %

Shares of W stock traded down $1.65 during trading on Wednesday, reaching $36.98. The company's stock had a trading volume of 4,701,354 shares, compared to its average volume of 4,252,131. Wayfair Inc. has a one year low of $29.68 and a one year high of $76.18. The business has a fifty day moving average price of $41.67 and a 200-day moving average price of $45.40. The company has a market cap of $4.69 billion, a price-to-earnings ratio of -9.20 and a beta of 3.44.

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

Insider Buying and Selling

In related news, CTO Fiona Tan sold 8,249 shares of the firm's stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $44.91, for a total value of $370,462.59. Following the completion of the sale, the chief technology officer now directly owns 96,557 shares in the company, valued at approximately $4,336,374.87. This trade represents a 7.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Steven Conine sold 30,000 shares of the business's stock in a transaction that occurred 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 approximately $25,901,852.09. This trade represents a 5.09 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 103,189 shares of company stock worth $4,810,693. Corporate insiders own 26.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on W shares. Canaccord Genuity Group reduced their price objective on Wayfair from $76.00 to $68.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Raymond James set a $60.00 price objective on shares of Wayfair and gave the stock a "strong-buy" rating in a report on Friday, February 21st. Wedbush reaffirmed a "neutral" rating and issued a $46.00 target price (up from $44.00) on shares of Wayfair in a research note on Friday, February 21st. Bank of America decreased their price target on shares of Wayfair from $52.00 to $50.00 and set a "neutral" rating on the stock in a research note on Friday, February 21st. Finally, Guggenheim restated a "buy" rating and issued a $60.00 price objective on shares of Wayfair in a research report on Monday, March 10th. Fourteen investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $56.81.

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.