Signaturefd LLC Acquires 24,469 Shares of Wayfair Inc. (NYSE:W)

Signaturefd LLC lifted its holdings in Wayfair Inc. (NYSE:W - Free Report) by 7.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 345,567 shares of the company's stock after purchasing an additional 24,469 shares during the period. Signaturefd LLC owned 0.28% of Wayfair worth $15,316,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. J.Safra Asset Management Corp grew its holdings in 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 purchasing an additional 244 shares during the last quarter. Jones Financial Companies Lllp grew its stake in 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 buying an additional 502 shares during the last quarter. GAMMA Investing LLC raised its holdings in Wayfair by 65.5% in the 4th quarter. GAMMA Investing LLC now owns 710 shares of the company's stock worth $31,000 after acquiring an additional 281 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in Wayfair during the 3rd quarter worth $44,000. Finally, Venturi Wealth Management LLC bought a new stake in Wayfair during the fourth quarter valued at about $45,000. 89.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Steven Conine sold 30,000 shares of the firm's stock in a transaction 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 transaction, the insider now directly owns 589,073 shares in the company, valued at $28,540,586.85. This trade represents a 4.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jon Blotner sold 4,521 shares of the company's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $46.88, for a total value of $211,944.48. Following the completion of the sale, the insider now owns 63,568 shares of the company's stock, valued at $2,980,067.84. This represents a 6.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 103,189 shares of company stock worth $4,810,693 over the last three months. 26.81% of the stock is currently owned by company insiders.

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Wayfair Trading Up 6.7 %

Shares of W traded up $2.12 during mid-day trading on Friday, hitting $33.67. 5,519,049 shares of the company traded hands, compared to its average volume of 4,212,267. The stock has a market capitalization of $4.27 billion, a price-to-earnings ratio of -8.37 and a beta of 3.44. The business has a 50-day moving average of $42.20 and a 200 day moving average of $45.53. Wayfair Inc. has a one year low of $29.68 and a one year 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) EPS for the quarter, missing analysts' consensus estimates 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. As a group, analysts anticipate that Wayfair Inc. will post -2.54 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Jefferies Financial Group raised Wayfair from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $45.00 to $47.00 in a research report on Friday, March 7th. Wedbush reiterated a "neutral" rating and set a $46.00 price target (up from $44.00) on shares of Wayfair in a report on Friday, February 21st. Loop Capital lowered their price objective 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. Truist Financial dropped their target price on shares of Wayfair from $55.00 to $53.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Finally, StockNews.com raised shares of Wayfair from a "sell" rating to a "hold" rating in a report on Thursday, December 19th. Fourteen equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $56.81.

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.