Headlands Technologies LLC Acquires Shares of 10,220 Wayfair Inc. (NYSE:W)

Headlands Technologies LLC bought a new position in shares of Wayfair Inc. (NYSE:W - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,220 shares of the company's stock, valued at approximately $453,000.

A number of other large investors have also modified their holdings of the business. J.Safra Asset Management Corp boosted its holdings in 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 in the last quarter. GAMMA Investing LLC boosted its stake in shares of Wayfair by 65.5% during the 4th quarter. GAMMA Investing LLC now owns 710 shares of the company's stock worth $31,000 after acquiring an additional 281 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of 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. Arizona State Retirement System increased its stake in Wayfair by 2.4% in the 4th quarter. Arizona State Retirement System now owns 26,951 shares of the company's stock valued at $1,194,000 after purchasing an additional 624 shares in the last quarter. Finally, Pictet Asset Management Holding SA raised its holdings in Wayfair by 5.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 12,531 shares of the company's stock worth $555,000 after purchasing an additional 690 shares during the last quarter. 89.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

W has been the topic of several research reports. Wedbush reissued a "neutral" rating and issued a $46.00 target price (up previously from $44.00) on shares of Wayfair in a report on Friday, February 21st. Bank of America lowered their price objective on shares of Wayfair from $52.00 to $50.00 and set a "neutral" rating on the stock in a research note on Friday, February 21st. Needham & Company LLC restated a "buy" rating and set a $50.00 target price on shares of Wayfair in a research report on Friday, February 21st. Canaccord Genuity Group reduced their price target on shares of Wayfair from $76.00 to $68.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Wayfair from $63.00 to $50.00 and set an "overweight" rating for the company in a research note on Monday, March 10th. Fifteen investment 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. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $54.84.

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Wayfair Price Performance

W stock traded up $1.14 on Monday, hitting $27.19. 10,535,744 shares of the company were exchanged, compared to its average volume of 4,499,687. The stock has a market capitalization of $3.45 billion, a price-to-earnings ratio of -6.76 and a beta of 3.72. Wayfair Inc. has a twelve month low of $20.41 and a twelve month high of $76.18. The business's fifty day moving average is $39.50 and its two-hundred day moving average is $44.63.

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

Insiders Place Their Bets

In related news, CTO Fiona Tan sold 23,835 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $31.92, for a total transaction of $760,813.20. Following the completion of the sale, the chief technology officer now directly owns 111,128 shares of the company's stock, valued at approximately $3,547,205.76. This represents a 17.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kate Gulliver sold 19,296 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $31.67, for a total value of $611,104.32. Following the sale, the chief financial officer now owns 144,474 shares in the company, valued at approximately $4,575,491.58. The trade was a 11.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 128,532 shares of company stock worth $5,090,232 over the last three months. 26.81% of the stock is owned by insiders.

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.