Wayfair Inc. (NYSE:W) Stock Holdings Increased by Sei Investments Co.

Sei Investments Co. lifted its holdings in shares of Wayfair Inc. (NYSE:W - Free Report) by 21.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 58,515 shares of the company's stock after acquiring an additional 10,302 shares during the period. Sei Investments Co.'s holdings in Wayfair were worth $2,593,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of W. Baillie Gifford & Co. increased its holdings 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 purchasing an additional 740,641 shares during the period. Geode Capital Management LLC lifted its stake in shares of Wayfair by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,524,854 shares of the company's stock worth $85,690,000 after acquiring an additional 35,268 shares during the period. Wellington Management Group LLP increased its position in Wayfair by 22.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,097,822 shares of the company's stock worth $61,676,000 after purchasing an additional 201,157 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Wayfair by 3.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,009,312 shares of the company's stock worth $44,733,000 after buying an additional 35,057 shares in the last quarter. Finally, Groupama Asset Managment grew its stake in shares of Wayfair by 100.0% during the 3rd quarter. Groupama Asset Managment now owns 1,000,000 shares of the company's stock worth $56,180,000 after purchasing an additional 500,000 shares during the period. 89.67% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Insider Activity

In other news, insider Jon Blotner sold 5,669 shares of Wayfair stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $42.83, for a total transaction of $242,803.27. Following the sale, the insider now owns 57,899 shares of the company's stock, valued at approximately $2,479,814.17. The trade was a 8.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Steven Conine sold 30,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was 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 of the company's stock, valued at $28,540,586.85. This trade represents a 4.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 128,532 shares of company stock valued at $5,090,232. 26.81% of the stock is currently owned by insiders.

Wayfair Price Performance

W traded up $1.14 during trading hours on Monday, hitting $27.19. 10,530,406 shares of the stock were exchanged, compared to its average volume of 4,499,681. Wayfair Inc. has a 12 month low of $20.41 and a 12 month high of $76.18. The stock has a 50-day simple moving average of $39.50 and a 200-day simple moving average of $44.63. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of -6.76 and a beta of 3.72.

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on W shares. Citigroup lowered shares of Wayfair from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $58.00 to $28.00 in a research report on Friday. Guggenheim restated a "buy" rating and issued a $60.00 price target on shares of Wayfair in a research report on Monday, March 10th. Royal Bank of Canada lowered their price objective on shares of Wayfair from $50.00 to $43.00 and set a "sector perform" rating on the stock in a research note on Monday, February 24th. Stifel Nicolaus dropped their price objective on shares of Wayfair from $47.00 to $46.00 and set a "hold" rating for the company in a research note on Friday, February 21st. Finally, BMO Capital Markets upped their price objective on Wayfair from $50.00 to $55.00 and gave the company a "market perform" rating in a research report on Friday, February 21st. Fifteen equities research 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $54.84.

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.