Ieq Capital LLC Purchases Shares of 9,041 Wayfair Inc. (NYSE:W)

Ieq Capital LLC purchased a new stake in shares of Wayfair Inc. (NYSE:W - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 9,041 shares of the company's stock, valued at approximately $401,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Southpoint Capital Advisors LP purchased a new position in shares of Wayfair in the third quarter worth $78,652,000. Holocene Advisors LP raised its position in shares of Wayfair by 5,699.8% during the 3rd quarter. Holocene Advisors LP now owns 1,235,193 shares of the company's stock valued at $69,393,000 after purchasing an additional 1,213,896 shares during the period. Baillie Gifford & Co. lifted its position in shares of Wayfair by 13.6% in the fourth quarter. Baillie Gifford & Co. now owns 6,179,761 shares of the company's stock valued at $273,887,000 after acquiring an additional 740,641 shares in the last quarter. Groupama Asset Managment lifted its holdings in shares of 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 buying an additional 500,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Wayfair by 35.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 974,255 shares of the company's stock valued at $54,734,000 after purchasing an additional 253,681 shares during the last quarter. Institutional investors own 89.67% of the company's stock.

Insider Buying and Selling at Wayfair

In related news, insider Steven Conine sold 30,000 shares of the business's stock in a transaction on Friday, December 6th. The stock was sold at an average price of $53.14, for a total value of $1,594,200.00. Following the sale, the insider now owns 632,573 shares in the company, valued at approximately $33,614,929.22. The trade was a 4.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Thomas Netzer sold 1,039 shares of the firm's stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $50.65, for a total transaction of $52,625.35. Following the completion of the transaction, the chief operating officer now directly owns 171,790 shares of the company's stock, valued at approximately $8,701,163.50. The trade was a 0.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 164,228 shares of company stock valued at $7,830,018 over the last 90 days. 26.81% of the stock is owned by insiders.

Wayfair Stock Performance

Shares of NYSE:W traded down $2.87 during midday trading on Monday, hitting $36.68. The company's stock had a trading volume of 3,470,619 shares, compared to its average volume of 3,722,836. The company has a market cap of $4.60 billion, a P/E ratio of -9.12 and a beta of 3.43. The business's 50 day simple moving average is $45.62 and its 200 day simple moving average is $46.58. Wayfair Inc. has a 12-month low of $36.58 and a 12-month high of $76.18.

Wayfair (NYSE:W - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.96) earnings per share (EPS) 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 analysts' expectations of $3.07 billion. On average, sell-side analysts predict that Wayfair Inc. will post -2.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on W shares. Loop Capital dropped their target price on shares of Wayfair from $55.00 to $45.00 and set a "hold" rating on the stock in a research note on Friday, February 21st. Deutsche Bank Aktiengesellschaft reduced their price target on Wayfair from $69.00 to $46.00 and set a "buy" rating on the stock in a research report on Monday, November 4th. Truist Financial lowered their target price on shares of Wayfair from $55.00 to $53.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Piper Sandler set a $58.00 price objective on Wayfair and gave the company an "overweight" rating in a report on Friday, February 21st. Finally, Stifel Nicolaus reduced their target price on shares of Wayfair from $47.00 to $46.00 and set a "hold" rating for the company in a report on Friday, February 21st. Fourteen 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's stock. Based on data from MarketBeat.com, Wayfair currently has an average rating of "Moderate Buy" and an average target price of $58.12.

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.