Mesirow Institutional Investment Management Inc. Has $13.94 Million Position in Wayfair Inc. (NYSE:W)

Mesirow Institutional Investment Management Inc. lifted its stake in Wayfair Inc. (NYSE:W - Free Report) by 20.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 314,515 shares of the company's stock after acquiring an additional 53,129 shares during the period. Mesirow Institutional Investment Management Inc. owned 0.25% of Wayfair worth $13,939,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. J.Safra Asset Management Corp raised 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 purchasing an additional 244 shares during the period. Jones Financial Companies Lllp increased its stake in 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 purchasing an additional 502 shares in the last quarter. GAMMA Investing LLC raised its holdings in Wayfair by 65.5% during the 4th quarter. GAMMA Investing LLC now owns 710 shares of the company's stock worth $31,000 after buying an additional 281 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in Wayfair during the fourth quarter valued at about $41,000. Finally, Venturi Wealth Management LLC acquired a new position in shares of Wayfair in the fourth quarter worth about $45,000. 89.67% of the stock is currently owned by institutional investors.

Insider Activity

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 stock was 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 of the company's stock, valued at $3,547,205.76. This trade represents a 17.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Kate Gulliver sold 19,296 shares of Wayfair stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $31.67, for a total value of $611,104.32. Following the completion of the transaction, the chief financial officer now directly owns 144,474 shares in the company, valued at approximately $4,575,491.58. This represents a 11.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 92,863 shares of company stock valued at $3,393,929 over the last 90 days. 21.91% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada cut their price target on shares of Wayfair from $50.00 to $43.00 and set a "sector perform" rating on the stock in a report on Monday, February 24th. Deutsche Bank Aktiengesellschaft downgraded shares of Wayfair from a "buy" rating to a "hold" rating and set a $25.00 target price on the stock. in a research note on Monday, April 14th. Guggenheim reaffirmed a "buy" rating and issued a $60.00 target price on shares of Wayfair in a research report on Monday, March 10th. Canaccord Genuity Group lowered their price target on Wayfair from $76.00 to $68.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Finally, Loop Capital reduced their price objective on Wayfair from $55.00 to $45.00 and set a "hold" rating for the company in a research note on Friday, February 21st. Sixteen research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $51.32.

Wayfair Trading Up 4.1 %

NYSE W traded up $1.16 during trading on Thursday, hitting $29.43. 3,800,846 shares of the company traded hands, compared to its average volume of 4,639,604. Wayfair Inc. has a 12 month low of $20.41 and a 12 month high of $76.18. The business has a fifty day simple moving average of $33.34 and a 200 day simple moving average of $42.01. The company has a market capitalization of $3.73 billion, a P/E ratio of -7.32 and a beta of 3.72.

Wayfair (NYSE:W - Get Free Report) last issued its quarterly earnings data 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 analyst estimates of $3.07 billion. Equities research analysts predict that Wayfair Inc. will post -2.54 EPS for the current fiscal year.

Wayfair Company 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.