Capital World Investors boosted its holdings in shares of Wayfair Inc. (NYSE:W - Free Report) by 6.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,506,200 shares of the company's stock after purchasing an additional 782,757 shares during the period. Capital World Investors owned approximately 10.78% of Wayfair worth $598,596,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of W. J.Safra Asset Management Corp grew its holdings 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 acquiring an additional 244 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Wayfair by 577.0% in the 4th quarter. Jones Financial Companies Lllp now owns 589 shares of the company's stock worth $26,000 after acquiring an additional 502 shares during the period. GAMMA Investing LLC boosted its stake 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 period. Aster Capital Management DIFC Ltd acquired a new position in shares of Wayfair during the fourth quarter valued at about $41,000. Finally, Venturi Wealth Management LLC bought a new position in Wayfair in the fourth quarter worth $45,000. 89.67% of the stock is currently owned by institutional investors and hedge funds.
Wayfair Stock Performance
Shares of W stock traded up $1.16 on Thursday, hitting $29.43. The company's stock had a trading volume of 3,800,296 shares, compared to its average volume of 4,639,599. The company has a market capitalization of $3.73 billion, a PE ratio of -7.32 and a beta of 3.72. Wayfair Inc. has a fifty-two week low of $20.41 and a fifty-two week high of $76.18. The stock's 50 day moving average is $33.34 and its 200-day moving average is $42.01.
Wayfair (NYSE:W - Get Free Report) last released its earnings results 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 during the quarter, compared to the consensus estimate of $3.07 billion. On average, research analysts forecast that Wayfair Inc. will post -2.54 earnings per share for the current year.
Analyst Upgrades and Downgrades
W has been the topic of several recent analyst reports. Citigroup lowered Wayfair from a "buy" rating to a "neutral" rating and decreased their price target for the company from $58.00 to $28.00 in a research note on Friday, April 4th. Piper Sandler set a $58.00 price target on shares of Wayfair and gave the stock an "overweight" rating in a research report on Friday, February 21st. Wedbush restated a "neutral" rating and set a $46.00 target price (up from $44.00) on shares of Wayfair in a research report on Friday, February 21st. Needham & Company LLC restated a "buy" rating and issued a $50.00 price objective on shares of Wayfair in a research report on Friday, February 21st. Finally, Truist Financial cut their price target on shares of Wayfair from $53.00 to $36.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Sixteen equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $51.32.
Check Out Our Latest Report on W
Insider Activity at Wayfair
In related news, insider Steven Conine sold 30,000 shares of the business'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 sale, the insider now owns 559,073 shares in the company, valued at $25,901,852.09. The trade was a 5.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Kate Gulliver sold 19,296 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $31.67, for a total transaction of $611,104.32. Following the completion of the transaction, the chief financial officer now owns 144,474 shares of the company's stock, valued at approximately $4,575,491.58. This trade represents a 11.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 92,863 shares of company stock valued at $3,393,929 over the last ninety days. 21.91% of the stock is owned by corporate insiders.
About Wayfair
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Free Report)
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.
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