Boston Partners Grows Stock Position in Wayfair Inc. (NYSE:W)

Boston Partners raised its stake in Wayfair Inc. (NYSE:W - Free Report) by 138.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 361,404 shares of the company's stock after acquiring an additional 209,581 shares during the period. Boston Partners owned approximately 0.29% of Wayfair worth $16,026,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Kennondale Capital Management LLC bought a new position in Wayfair in the 4th quarter worth about $1,141,000. Signaturefd LLC increased its stake in shares of Wayfair by 7.6% in the fourth quarter. Signaturefd LLC now owns 345,567 shares of the company's stock worth $15,316,000 after acquiring an additional 24,469 shares during the period. Swiss National Bank increased its holdings in shares of Wayfair by 2.4% during the 4th quarter. Swiss National Bank now owns 182,700 shares of the company's stock valued at $8,097,000 after purchasing an additional 4,200 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Wayfair in the fourth quarter valued at approximately $2,691,000. Finally, Wealthfront Advisers LLC acquired a new stake in Wayfair in the 4th quarter worth about $364,000. 89.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Wayfair

In other news, CTO Fiona Tan sold 8,249 shares of the stock in a transaction dated Friday, January 3rd. The stock was 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 owns 96,557 shares of the company's stock, valued at approximately $4,336,374.87. This represents a 7.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jon Blotner sold 4,966 shares of Wayfair stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $44.93, for a total transaction of $223,122.38. Following the transaction, the insider now directly owns 68,089 shares of the company's stock, valued at $3,059,238.77. This represents a 6.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 103,189 shares of company stock worth $4,810,693 over the last ninety days. Insiders own 26.81% of the company's stock.

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Wayfair Trading Up 1.8 %

Shares of W traded up $0.68 on Tuesday, reaching $38.54. 5,503,860 shares of the company's stock were exchanged, compared to its average volume of 4,237,300. The business has a 50 day moving average price of $41.87 and a two-hundred day moving average price of $45.49. Wayfair Inc. has a 12 month low of $29.68 and a 12 month high of $76.18. The stock has a market capitalization of $4.89 billion, a P/E ratio of -9.59 and a beta of 3.44.

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

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Canaccord Genuity Group reduced their price target on Wayfair from $76.00 to $68.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Jefferies Financial Group raised Wayfair from a "hold" rating to a "buy" rating and upped their price objective for the stock from $45.00 to $47.00 in a research report on Friday, March 7th. Truist Financial reduced their price objective on shares of Wayfair from $55.00 to $53.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Needham & Company LLC reiterated a "buy" rating and issued a $50.00 price target on shares of Wayfair in a research note on Friday, February 21st. Finally, StockNews.com raised Wayfair from a "sell" rating to a "hold" rating in a research report on Thursday, December 19th. Fourteen analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $56.81.

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.