Legal & General Group Plc reduced its position in shares of Wayfair Inc. (NYSE:W - Free Report) by 6.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,681 shares of the company's stock after selling 9,659 shares during the period. Legal & General Group Plc owned approximately 0.11% of Wayfair worth $6,102,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in W. J.Safra Asset Management Corp raised its position 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 in the last quarter. Jones Financial Companies Lllp lifted its position in Wayfair by 577.0% in the 4th quarter. Jones Financial Companies Lllp now owns 589 shares of the company's stock worth $26,000 after buying an additional 502 shares during the last quarter. GAMMA Investing LLC boosted its stake in Wayfair by 65.5% in the fourth 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. Aster Capital Management DIFC Ltd bought a new position in Wayfair during the fourth quarter valued at approximately $41,000. Finally, Venturi Wealth Management LLC purchased a new position in shares of Wayfair during the fourth quarter worth approximately $45,000. Institutional investors own 89.67% of the company's stock.
Insider Activity
In other Wayfair news, insider Steven Conine sold 30,000 shares of Wayfair stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $46.33, for a total value of $1,389,900.00. Following the sale, the insider now owns 559,073 shares of the company's stock, valued at $25,901,852.09. The trade was a 5.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CTO Fiona Tan sold 23,835 shares of the firm's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $31.92, for a total transaction of $760,813.20. Following the completion of the transaction, the chief technology officer now directly owns 111,128 shares of the company's stock, valued at approximately $3,547,205.76. This trade represents a 17.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 92,863 shares of company stock worth $3,393,929 over the last quarter. Insiders own 21.91% of the company's stock.
Wayfair Price Performance
Shares of W stock traded up $1.38 on Thursday, hitting $29.65. 2,728,908 shares of the stock traded hands, compared to its average volume of 4,636,390. Wayfair Inc. has a 52 week low of $20.41 and a 52 week high of $76.18. The firm has a 50 day simple moving average of $33.34 and a two-hundred day simple moving average of $42.01. The firm has a market cap of $3.76 billion, a price-to-earnings ratio of -7.38 and a beta of 3.72.
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 the consensus estimate of $0.05 by ($1.01). The firm had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.07 billion. Sell-side analysts forecast that Wayfair Inc. will post -2.54 EPS for the current year.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on W. Citigroup cut shares of Wayfair from a "buy" rating to a "neutral" rating and cut their target price for the stock from $58.00 to $28.00 in a report on Friday, April 4th. UBS Group lowered their price objective on shares of Wayfair from $60.00 to $55.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Bank of America cut their target price on Wayfair from $52.00 to $50.00 and set a "neutral" rating on the stock in a research note on Friday, February 21st. Loop Capital lowered their price target on Wayfair from $55.00 to $45.00 and set a "hold" rating for the company in a research report on Friday, February 21st. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $50.00 price objective on shares of Wayfair in a research report on Friday, February 21st. Sixteen research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $51.32.
Read Our Latest Report on W
About Wayfair
(
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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