Wayfair Inc. (NYSE:W) Holdings Reduced by Check Capital Management Inc. CA

Check Capital Management Inc. CA lowered its stake in shares of Wayfair Inc. (NYSE:W - Free Report) by 17.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 164,600 shares of the company's stock after selling 34,833 shares during the quarter. Wayfair comprises about 0.2% of Check Capital Management Inc. CA's holdings, making the stock its 15th largest position. Check Capital Management Inc. CA owned approximately 0.13% of Wayfair worth $7,295,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in W. Geode Capital Management LLC raised its holdings in Wayfair by 2.4% during the third quarter. Geode Capital Management LLC now owns 1,524,854 shares of the company's stock worth $85,690,000 after purchasing an additional 35,268 shares in the last quarter. Southpoint Capital Advisors LP acquired a new stake in shares of Wayfair in the 3rd quarter valued at approximately $78,652,000. Holocene Advisors LP boosted its stake in shares of Wayfair by 5,699.8% in the third quarter. Holocene Advisors LP now owns 1,235,193 shares of the company's stock valued at $69,393,000 after buying an additional 1,213,896 shares in the last quarter. Wellington Management Group LLP grew its holdings in Wayfair by 22.4% during the third quarter. Wellington Management Group LLP now owns 1,097,822 shares of the company's stock worth $61,676,000 after acquiring an additional 201,157 shares during the period. Finally, Groupama Asset Managment raised its position in Wayfair by 100.0% in the third quarter. Groupama Asset Managment now owns 1,000,000 shares of the company's stock worth $56,180,000 after acquiring an additional 500,000 shares in the last quarter. Institutional investors and hedge funds own 89.67% of the company's stock.

Insider Buying and Selling at Wayfair

In other news, insider Steven Conine sold 30,000 shares of the company's stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $53.14, for a total transaction of $1,594,200.00. Following the completion of the transaction, the insider now directly owns 632,573 shares of the company's stock, valued at approximately $33,614,929.22. This represents a 4.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Thomas Netzer sold 1,039 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $50.65, for a total value of $52,625.35. Following the sale, the chief operating officer now owns 171,790 shares in the company, valued at $8,701,163.50. The trade was a 0.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 134,228 shares of company stock worth $6,440,118 over the last quarter. 23.50% of the stock is owned by corporate insiders.

Wayfair Stock Performance

Shares of Wayfair stock traded down $2.84 during trading on Wednesday, reaching $46.28. The company had a trading volume of 5,993,913 shares, compared to its average volume of 3,469,940. Wayfair Inc. has a fifty-two week low of $37.35 and a fifty-two week high of $76.18. The firm's fifty day moving average is $46.57 and its 200-day moving average is $46.51. The company has a market cap of $5.80 billion, a price-to-earnings ratio of -10.31 and a beta of 3.43.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Truist Financial cut their price target on shares of Wayfair from $60.00 to $55.00 and set a "buy" rating for the company in a report on Monday, November 4th. Piper Sandler dropped their price objective on Wayfair from $67.00 to $63.00 and set an "overweight" rating for the company in a research note on Monday, October 28th. Mizuho decreased their target price on Wayfair from $65.00 to $60.00 and set an "outperform" rating on the stock in a research report on Monday, November 4th. Robert W. Baird dropped their price target on Wayfair from $56.00 to $50.00 and set a "neutral" rating for the company in a research report on Monday, November 4th. Finally, Stifel Nicolaus decreased their price objective on shares of Wayfair from $55.00 to $47.00 and set a "hold" rating on the stock in a research report on Monday, November 4th. Fourteen equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $60.24.

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.