Quinn Opportunity Partners LLC Makes New Investment in Wayfair Inc. (NYSE:W)

Quinn Opportunity Partners LLC purchased a new position in Wayfair Inc. (NYSE:W - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 89,700 shares of the company's stock, valued at approximately $3,976,000. Quinn Opportunity Partners LLC owned 0.07% of Wayfair as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Wayfair by 3.6% in the fourth quarter. Vanguard Group Inc. now owns 9,315,337 shares of the company's stock worth $412,856,000 after acquiring an additional 327,603 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Wayfair in the fourth quarter valued at approximately $6,799,000. Nisa Investment Advisors LLC grew its stake in Wayfair by 5.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 44,710 shares of the company's stock valued at $1,982,000 after acquiring an additional 2,250 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Wayfair during the 4th quarter worth $229,000. Finally, SG Americas Securities LLC lifted its holdings in Wayfair by 277.4% in the fourth quarter. SG Americas Securities LLC now owns 12,591 shares of the company's stock valued at $558,000 after acquiring an additional 9,255 shares during the last quarter. 89.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CTO Fiona Tan sold 23,835 shares of the business'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 transaction of $760,813.20. Following the completion of the sale, the chief technology officer now owns 111,128 shares in the company, valued at $3,547,205.76. The trade was a 17.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Steven Conine sold 30,000 shares of the company's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $48.45, for a total value of $1,453,500.00. Following the completion of the transaction, the insider now directly owns 589,073 shares in the company, valued at approximately $28,540,586.85. This represents a 4.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 122,863 shares of company stock valued at $4,847,429 over the last 90 days. 26.81% of the stock is owned by company insiders.

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Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on W. Needham & Company LLC restated a "buy" rating and issued a $50.00 price objective on shares of Wayfair in a report on Friday, February 21st. Deutsche Bank Aktiengesellschaft downgraded Wayfair from a "buy" rating to a "hold" rating and set a $25.00 price objective for the company. in a research note on Monday. Bank of America dropped their price objective on Wayfair from $52.00 to $50.00 and set a "neutral" rating on the stock in a report on Friday, February 21st. Wedbush reaffirmed a "neutral" rating and set a $46.00 price target (up previously from $44.00) on shares of Wayfair in a research note on Friday, February 21st. Finally, Canaccord Genuity Group lowered their price objective on Wayfair from $76.00 to $68.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Sixteen research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $52.92.

Wayfair Trading Up 0.7 %

Wayfair stock traded up $0.19 on Monday, reaching $27.14. 4,811,613 shares of the stock were exchanged, compared to its average volume of 4,618,306. Wayfair Inc. has a twelve month low of $20.41 and a twelve month high of $76.18. The firm has a fifty day moving average price of $36.48 and a two-hundred day moving average price of $43.39. The stock has a market cap of $3.44 billion, a PE ratio of -6.75 and a beta of 3.72.

Wayfair (NYSE:W - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported ($0.96) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($1.01). The business had revenue of $3.12 billion during the quarter, compared to analysts' expectations of $3.07 billion. Equities analysts anticipate 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.