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Groupama Asset Managment Purchases 500,000 Shares of Wayfair Inc. (NYSE:W)

Wayfair logo with Retail/Wholesale background

Groupama Asset Managment increased its position in shares of Wayfair Inc. (NYSE:W - Free Report) by 100.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,000,000 shares of the company's stock after buying an additional 500,000 shares during the period. Wayfair accounts for approximately 1.1% of Groupama Asset Managment's investment portfolio, making the stock its 23rd biggest position. Groupama Asset Managment owned approximately 0.80% of Wayfair worth $56,180,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Renaissance Technologies LLC increased its stake in Wayfair by 28.0% during the 2nd quarter. Renaissance Technologies LLC now owns 3,086,569 shares of the company's stock worth $162,755,000 after acquiring an additional 675,271 shares during the period. Wolf Hill Capital Management LP boosted its position in Wayfair by 22.9% in the second quarter. Wolf Hill Capital Management LP now owns 2,322,906 shares of the company's stock valued at $122,487,000 after buying an additional 432,404 shares in the last quarter. Southpoint Capital Advisors LP bought a new position in shares of Wayfair in the 3rd quarter valued at $78,652,000. Holocene Advisors LP boosted its holdings in shares of Wayfair by 5,699.8% during the 3rd quarter. Holocene Advisors LP now owns 1,235,193 shares of the company's stock valued at $69,393,000 after acquiring an additional 1,213,896 shares in the last quarter. Finally, Wellington Management Group LLP grew 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 acquiring an additional 201,157 shares during the last quarter. Institutional investors own 89.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on W. BMO Capital Markets dropped their target price on shares of Wayfair from $58.00 to $50.00 and set a "market perform" rating on the stock in a report on Monday, November 4th. Stifel Nicolaus dropped their price target on Wayfair from $55.00 to $47.00 and set a "hold" rating on the stock in a research note on Monday, November 4th. Royal Bank of Canada reduced their price objective on shares of Wayfair from $53.00 to $50.00 and set a "sector perform" rating for the company in a research report on Monday, November 4th. Piper Sandler cut their target price on shares of Wayfair from $67.00 to $63.00 and set an "overweight" rating on the stock in a research note on Monday, October 28th. Finally, UBS Group decreased their price target on shares of Wayfair from $70.00 to $65.00 and set a "buy" rating for the company in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $60.28.

View Our Latest Report on W

Insider Buying and Selling at Wayfair

In other Wayfair news, insider Jon Blotner sold 4,600 shares of the company's stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $53.60, for a total value of $246,560.00. Following the completion of the transaction, the insider now directly owns 52,078 shares in the company, valued at $2,791,380.80. This represents a 8.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Steven Conine sold 30,000 shares of the firm's stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $42.31, for a total transaction of $1,269,300.00. Following the sale, the insider now owns 179,073 shares in the company, valued at $7,576,578.63. The trade was a 14.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 67,868 shares of company stock valued at $3,272,548. 26.81% of the stock is owned by company insiders.

Wayfair Stock Up 3.6 %

Shares of NYSE:W traded up $1.94 on Monday, hitting $55.47. The company had a trading volume of 2,242,899 shares, compared to its average volume of 4,415,042. Wayfair Inc. has a 1 year low of $37.35 and a 1 year high of $76.18. The firm's 50-day simple moving average is $46.94 and its two-hundred day simple moving average is $49.14. The firm has a market capitalization of $6.95 billion, a price-to-earnings ratio of -12.20 and a beta of 3.44.

Wayfair (NYSE:W - Get Free Report) last announced its quarterly earnings data on Friday, November 1st. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.09. The company had revenue of $2.88 billion for the quarter, compared to analysts' expectations of $2.87 billion. The firm's quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.38) EPS. Equities research analysts anticipate that Wayfair Inc. will post -2.91 EPS for the current year.

Wayfair Profile

(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.

See Also

Institutional Ownership by Quarter for Wayfair (NYSE:W)

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