Wayfair Inc. (NYSE:W) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. lowered its stake in Wayfair Inc. (NYSE:W - Free Report) by 91.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 186,857 shares of the company's stock after selling 1,970,419 shares during the quarter. Alliancebernstein L.P. owned 0.15% of Wayfair worth $8,282,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. J.Safra Asset Management Corp increased its position in 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 period. Jones Financial Companies Lllp raised its stake in Wayfair by 577.0% in the fourth quarter. Jones Financial Companies Lllp now owns 589 shares of the company's stock worth $26,000 after buying an additional 502 shares in the last quarter. GAMMA Investing LLC raised its stake in Wayfair by 65.5% in the fourth quarter. GAMMA Investing LLC now owns 710 shares of the company's stock worth $31,000 after buying an additional 281 shares in the last quarter. Venturi Wealth Management LLC purchased a new stake in Wayfair in the fourth quarter worth about $45,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in Wayfair during the 4th quarter valued at approximately $48,000. Hedge funds and other institutional investors own 89.67% of the company's stock.

Wayfair Stock Performance

W stock traded up $0.19 during trading on Monday, hitting $27.14. 4,811,613 shares of the company's stock traded hands, compared to its average volume of 4,618,306. Wayfair Inc. has a 52 week low of $20.41 and a 52 week high of $76.18. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of -6.75 and a beta of 3.72. The business has a fifty day simple moving average of $36.48 and a 200 day simple moving average of $43.39.

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Wayfair (NYSE:W - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported ($0.96) earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($1.01). The business had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.07 billion. Research analysts forecast that Wayfair Inc. will post -2.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Wayfair

In other Wayfair news, insider Steven Conine sold 30,000 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $46.33, for a total transaction of $1,389,900.00. Following the completion of the sale, the insider now owns 559,073 shares in the company, valued at $25,901,852.09. This represents a 5.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kate Gulliver sold 19,296 shares of Wayfair stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $31.67, for a total value of $611,104.32. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 122,863 shares of company stock valued at $4,847,429 in the last three months. Company insiders own 26.81% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on W shares. StockNews.com raised shares of Wayfair from a "sell" rating to a "hold" rating in a research report on Thursday, December 19th. Jefferies Financial Group upgraded shares of Wayfair from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $45.00 to $47.00 in a report on Friday, March 7th. BMO Capital Markets increased their target price on Wayfair from $50.00 to $55.00 and gave the company a "market perform" rating in a research note on Friday, February 21st. Raymond James set a $60.00 price target on Wayfair and gave the company a "strong-buy" rating in a research note on Friday, February 21st. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Wayfair from a "buy" rating to a "hold" rating and set a $25.00 price objective on the stock. in a report on Monday. Sixteen investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $52.92.

About Wayfair

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.