Landscape Capital Management L.L.C. Acquires New Position in Wayfair Inc. (NYSE:W)

Landscape Capital Management L.L.C. acquired a new stake in Wayfair Inc. (NYSE:W - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 43,560 shares of the company's stock, valued at approximately $1,931,000.

A number of other hedge funds have also added to or reduced their stakes in W. J.Safra Asset Management Corp increased its stake 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 valued at $26,000 after buying an additional 244 shares during the period. Jones Financial Companies Lllp raised 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 valued at $26,000 after purchasing an additional 502 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Wayfair by 65.5% in the 4th quarter. GAMMA Investing LLC now owns 710 shares of the company's stock valued at $31,000 after purchasing an additional 281 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Wayfair during the third quarter valued at approximately $44,000. Finally, Venturi Wealth Management LLC purchased a new position in Wayfair during the fourth quarter valued at approximately $45,000. 89.67% of the stock is currently owned by institutional investors.

Insider Transactions at Wayfair

In related news, CFO Kate Gulliver sold 19,296 shares of Wayfair stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $31.67, for a total value of $611,104.32. Following the sale, the chief financial officer now directly owns 144,474 shares in the company, valued at approximately $4,575,491.58. The trade was a 11.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jon Blotner sold 5,669 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $42.83, for a total value of $242,803.27. Following the transaction, the insider now directly owns 57,899 shares of the company's stock, valued at $2,479,814.17. The trade was a 8.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 128,532 shares of company stock valued at $5,090,232 in the last three months. 26.81% of the stock is currently owned by company insiders.

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Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Wedbush restated a "neutral" rating and set a $46.00 target price (up previously from $44.00) on shares of Wayfair in a report on Friday, February 21st. JPMorgan Chase & Co. decreased their price objective on Wayfair from $63.00 to $50.00 and set an "overweight" rating for the company in a research note on Monday, March 10th. Royal Bank of Canada dropped their price objective on Wayfair from $50.00 to $43.00 and set a "sector perform" rating on the stock in a research report on Monday, February 24th. Jefferies Financial Group upgraded shares of Wayfair from a "hold" rating to a "buy" rating and boosted their target price for the stock from $45.00 to $47.00 in a report on Friday, March 7th. Finally, BMO Capital Markets raised their price target on shares of Wayfair from $50.00 to $55.00 and gave the company a "market perform" rating in a report on Friday, February 21st. Fifteen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $54.84.

Wayfair Trading Up 4.4 %

Shares of Wayfair stock traded up $1.14 during trading hours on Monday, reaching $27.19. The stock had a trading volume of 10,536,019 shares, compared to its average volume of 4,499,712. The stock's 50 day moving average is $39.50 and its 200 day moving average is $44.63. Wayfair Inc. has a twelve month low of $20.41 and a twelve month high of $76.18. The firm has a market capitalization of $3.45 billion, a PE ratio of -6.76 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 during the quarter, compared to the consensus estimate of $3.07 billion. As a group, sell-side analysts predict that Wayfair Inc. will post -2.54 earnings per share for the current year.

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.