Virtu Financial LLC purchased a new position in Wayfair Inc. (NYSE:W - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 17,820 shares of the company's stock, valued at approximately $790,000.
A number of other large investors also recently modified their holdings of W. J.Safra Asset Management Corp raised 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 worth $26,000 after purchasing an additional 244 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Wayfair by 577.0% during 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 during the period. GAMMA Investing LLC raised its stake in shares of Wayfair by 65.5% in the 4th quarter. GAMMA Investing LLC now owns 710 shares of the company's stock worth $31,000 after buying an additional 281 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Wayfair in the third quarter valued at $44,000. Finally, Brooklyn Investment Group bought a new position in Wayfair during the third quarter valued at about $50,000. 89.67% of the stock is owned by institutional investors and hedge funds.
Wayfair Trading Down 5.0 %
NYSE W traded down $1.77 on Friday, reaching $33.84. The stock had a trading volume of 7,782,356 shares, compared to its average volume of 4,305,606. Wayfair Inc. has a 1 year low of $29.68 and a 1 year high of $76.18. The business has a 50 day moving average price of $41.51 and a 200 day moving average price of $45.33. The company has a market capitalization of $4.29 billion, a price-to-earnings ratio of -8.42 and a beta of 3.44.
Wayfair (NYSE:W - Get Free Report) last announced 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 company had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.07 billion. On average, analysts anticipate that Wayfair Inc. will post -2.54 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on the stock. Royal Bank of Canada dropped their price target on shares of Wayfair from $50.00 to $43.00 and set a "sector perform" rating on the stock in a research report on Monday, February 24th. 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 report on Friday, February 21st. Piper Sandler set a $58.00 target price on shares of Wayfair and gave the stock an "overweight" rating in a report on Friday, February 21st. Bank of America decreased their price target on shares of Wayfair from $52.00 to $50.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. Finally, StockNews.com upgraded Wayfair from a "sell" rating to a "hold" rating in a research report on Thursday, December 19th. Fourteen analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $56.81.
Get Our Latest Report on Wayfair
Insider Activity
In other news, insider Steven Conine sold 30,000 shares of Wayfair stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $46.33, for a total value of $1,389,900.00. Following the transaction, the insider now owns 559,073 shares of the company's stock, valued at $25,901,852.09. This trade represents a 5.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Fiona Tan sold 8,249 shares of the company's stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $44.91, for a total transaction of $370,462.59. Following the sale, the chief technology officer now directly owns 96,557 shares of the company's stock, valued at approximately $4,336,374.87. This represents a 7.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 103,189 shares of company stock worth $4,810,693. 26.81% of the stock is owned by corporate insiders.
Wayfair Company Profile
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Free Report)
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.
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