Wolf Hill Capital Management LP Trims Holdings in Wayfair Inc. (NYSE:W)

Wolf Hill Capital Management LP reduced its position in shares of Wayfair Inc. (NYSE:W - Free Report) by 95.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 86,023 shares of the company's stock after selling 1,706,122 shares during the period. Wayfair comprises 0.3% of Wolf Hill Capital Management LP's investment portfolio, making the stock its 29th largest holding. Wolf Hill Capital Management LP owned approximately 0.07% of Wayfair worth $3,813,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. J.Safra Asset Management Corp lifted its holdings in Wayfair by 71.3% during the 4th quarter. J.Safra Asset Management Corp now owns 586 shares of the company's stock worth $26,000 after buying an additional 244 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of Wayfair by 577.0% in the fourth quarter. Jones Financial Companies Lllp now owns 589 shares of the company's stock worth $26,000 after acquiring an additional 502 shares during the period. GAMMA Investing LLC boosted its holdings in Wayfair by 65.5% in the fourth quarter. GAMMA Investing LLC now owns 710 shares of the company's stock valued at $31,000 after acquiring an additional 281 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Wayfair during the 4th quarter valued at approximately $41,000. Finally, Venturi Wealth Management LLC bought a new position in Wayfair during the 4th quarter worth approximately $45,000. Institutional investors and hedge funds own 89.67% of the company's stock.

Analyst Ratings Changes

W has been the topic of a number of analyst reports. Raymond James set a $60.00 price objective on shares of Wayfair and gave the company a "strong-buy" rating in a research note on Friday, February 21st. Canaccord Genuity Group cut their price target on shares of Wayfair from $76.00 to $68.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Bank of America lowered their price objective on Wayfair from $52.00 to $50.00 and set a "neutral" rating for the company in a research report on Friday, February 21st. The Goldman Sachs Group cut their target price on Wayfair from $50.00 to $31.00 and set a "neutral" rating on the stock in a research report on Tuesday. Finally, Jefferies Financial Group raised Wayfair from a "hold" rating to a "buy" rating and raised their target price for the stock from $45.00 to $47.00 in a research note on Friday, March 7th. Sixteen equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Wayfair currently has a consensus rating of "Hold" and an average price target of $50.68.

Wayfair Stock Performance

NYSE:W traded down $0.12 on Friday, hitting $29.29. The stock had a trading volume of 3,868,767 shares, compared to its average volume of 4,630,686. Wayfair Inc. has a 1 year low of $20.41 and a 1 year high of $76.18. The firm's fifty day simple moving average is $32.54 and its two-hundred day simple moving average is $41.63. The stock has a market cap of $3.72 billion, a P/E ratio of -7.29 and a beta of 3.72.

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

Insider Transactions at Wayfair

In other Wayfair news, CTO Fiona Tan sold 23,835 shares of the business's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $31.92, for a total value of $760,813.20. Following the sale, the chief technology officer now directly owns 111,128 shares in the company, valued at $3,547,205.76. The trade was a 17.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jon Blotner sold 19,257 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $31.68, for a total value of $610,061.76. Following the transaction, the insider now directly owns 78,308 shares in the company, valued at $2,480,797.44. This represents a 19.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 92,863 shares of company stock worth $3,393,929 in the last ninety days. Company insiders own 21.91% of the company's stock.

Wayfair 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.