Cinctive Capital Management LP Buys 24,786 Shares of Wayfair Inc. (NYSE:W)

Cinctive Capital Management LP boosted its position in shares of Wayfair Inc. (NYSE:W - Free Report) by 31.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 104,244 shares of the company's stock after acquiring an additional 24,786 shares during the period. Cinctive Capital Management LP owned about 0.08% of Wayfair worth $4,620,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of W. Cerity Partners LLC purchased a new position in Wayfair in the 3rd quarter valued at $1,070,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Wayfair in the third quarter valued at about $44,000. Jacobs Levy Equity Management Inc. purchased a new stake in Wayfair in the 3rd quarter valued at approximately $384,000. Polar Asset Management Partners Inc. acquired a new position in Wayfair in the 3rd quarter valued at about $3,517,000. Finally, Quarry LP lifted its stake in shares of Wayfair by 47.4% during the third quarter. Quarry LP now owns 3,755 shares of the company's stock valued at $211,000 after buying an additional 1,207 shares during the period. 89.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Wayfair news, insider Jon Blotner sold 4,521 shares of the company's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $46.88, for a total transaction of $211,944.48. Following the transaction, the insider now owns 63,568 shares in the company, valued at approximately $2,980,067.84. This represents a 6.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven Conine sold 30,000 shares of Wayfair stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $48.45, for a total value of $1,453,500.00. Following the transaction, the insider now owns 589,073 shares of the company's stock, valued at $28,540,586.85. The trade was a 4.85 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 146,388 shares of company stock worth $5,930,556. Corporate insiders own 26.81% of the company's stock.

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Wayfair Stock Up 3.4 %

W traded up $0.86 during trading on Friday, hitting $25.95. The company's stock had a trading volume of 19,467,584 shares, compared to its average volume of 4,475,280. Wayfair Inc. has a twelve month low of $20.41 and a twelve month high of $76.18. The stock's fifty day moving average price is $39.50 and its 200-day moving average price is $44.72. The firm has a market capitalization of $3.29 billion, a P/E ratio of -6.46 and a beta of 3.72.

Wayfair (NYSE:W - Get Free Report) last released its quarterly 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 company had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.07 billion. Equities research analysts expect that Wayfair Inc. will post -2.54 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Stifel Nicolaus dropped their price objective on Wayfair from $47.00 to $46.00 and set a "hold" rating for the company in a report on Friday, February 21st. StockNews.com upgraded shares of Wayfair from a "sell" rating to a "hold" rating in a research note on Thursday, December 19th. Needham & Company LLC reaffirmed a "buy" rating and set a $50.00 target price on shares of Wayfair in a report on Friday, February 21st. Canaccord Genuity Group lowered their target price on Wayfair from $76.00 to $68.00 and set a "buy" rating for the company in a report on Friday, February 21st. Finally, Citigroup downgraded shares of Wayfair from a "buy" rating to a "neutral" rating and cut their price objective for the company from $58.00 to $28.00 in a research report on Friday. Fifteen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $54.84.

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.