Greenland Capital Management LP acquired a new stake in shares of Wayfair Inc. (NYSE:W - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 11,200 shares of the company's stock, valued at approximately $496,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in W. J.Safra Asset Management Corp boosted its position in shares of Wayfair by 71.3% during the fourth quarter. J.Safra Asset Management Corp now owns 586 shares of the company's stock worth $26,000 after buying an additional 244 shares during the period. Jones Financial Companies Lllp grew its position in Wayfair by 577.0% in the 4th quarter. Jones Financial Companies Lllp now owns 589 shares of the company's stock valued at $26,000 after acquiring an additional 502 shares in the last quarter. GAMMA Investing LLC increased its stake in Wayfair by 65.5% during the fourth quarter. GAMMA Investing LLC now owns 710 shares of the company's stock worth $31,000 after purchasing an additional 281 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in shares of Wayfair during the fourth quarter worth about $41,000. Finally, Venturi Wealth Management LLC purchased a new position in shares of Wayfair in the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 89.67% of the company's stock.
Insider Transactions at Wayfair
In other Wayfair news, CTO Fiona Tan sold 23,835 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $31.92, for a total value of $760,813.20. Following the sale, the chief technology officer now owns 111,128 shares in the company, valued at approximately $3,547,205.76. This trade represents a 17.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steven Conine sold 30,000 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $46.33, for a total value of $1,389,900.00. Following the transaction, the insider now owns 559,073 shares of the company's stock, valued at approximately $25,901,852.09. This represents a 5.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 122,863 shares of company stock worth $4,847,429. 26.81% of the stock is currently owned by insiders.
Wayfair Price Performance
Wayfair stock traded down $0.29 during midday trading on Monday, hitting $26.66. 1,644,677 shares of the stock were exchanged, compared to its average volume of 5,144,041. The company has a 50 day moving average price of $36.48 and a two-hundred day moving average price of $43.39. The firm has a market cap of $3.38 billion, a P/E ratio of -6.63 and a beta of 3.72. Wayfair Inc. has a 1 year low of $20.41 and a 1 year high of $76.18.
Wayfair (NYSE:W - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($0.96) 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 analyst estimates of $3.07 billion. As a group, analysts predict that Wayfair Inc. will post -2.54 EPS for the current year.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on W. Raymond James set a $60.00 target price on Wayfair and gave the company a "strong-buy" rating in a report on Friday, February 21st. Truist Financial lowered their price target on shares of Wayfair from $53.00 to $36.00 and set a "buy" rating for the company in a report on Thursday. Deutsche Bank Aktiengesellschaft lowered 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. Loop Capital lowered their target price on shares of Wayfair from $55.00 to $45.00 and set a "hold" rating for the company in a research note on Friday, February 21st. Finally, Bank of America dropped their target price on Wayfair from $52.00 to $50.00 and set a "neutral" rating on the stock in a report on Friday, February 21st. Sixteen investment 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $53.32.
View Our Latest Research Report on Wayfair
About Wayfair
(
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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