XTX Topco Ltd Has $1.11 Million Stake in Wayfair Inc. (NYSE:W)

XTX Topco Ltd grew its position in shares of Wayfair Inc. (NYSE:W - Free Report) by 152.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,007 shares of the company's stock after acquiring an additional 15,089 shares during the period. XTX Topco Ltd's holdings in Wayfair were worth $1,108,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of W. Geode Capital Management LLC increased its stake in shares of Wayfair by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,524,854 shares of the company's stock worth $85,690,000 after acquiring an additional 35,268 shares in the last quarter. Tidal Investments LLC increased its position in Wayfair by 18.1% during the third quarter. Tidal Investments LLC now owns 21,665 shares of the company's stock valued at $1,217,000 after acquiring an additional 3,320 shares during the last quarter. 272 Capital LP lifted its stake in shares of Wayfair by 15.7% in the 3rd quarter. 272 Capital LP now owns 44,053 shares of the company's stock worth $2,475,000 after purchasing an additional 5,965 shares during the period. GAMMA Investing LLC boosted its stake in shares of Wayfair by 65.5% during 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 last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in Wayfair during the fourth quarter valued at about $6,799,000. 89.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Royal Bank of Canada lowered their price target on shares of Wayfair from $50.00 to $43.00 and set a "sector perform" rating on the stock in a report on Monday, February 24th. Loop Capital lowered their price objective on Wayfair from $55.00 to $45.00 and set a "hold" rating on the stock in a research report on Friday, February 21st. Wedbush reissued a "neutral" rating and issued a $46.00 price target (up from $44.00) on shares of Wayfair in a report on Friday, February 21st. Citigroup lowered shares of Wayfair from a "buy" rating to a "neutral" rating and cut their price objective for the company from $58.00 to $28.00 in a report on Friday, April 4th. Finally, Jefferies Financial Group upgraded shares of Wayfair from a "hold" rating to a "buy" rating and upped their target price for the stock from $45.00 to $47.00 in a research report on Friday, March 7th. Sixteen investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $52.92.

Insider Transactions at Wayfair

In related news, insider Jon Blotner sold 19,257 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $31.68, for a total value of $610,061.76. Following the sale, the insider now directly owns 78,308 shares in the company, valued at $2,480,797.44. This trade represents a 19.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Fiona Tan sold 23,835 shares of Wayfair stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $31.92, for a total transaction of $760,813.20. Following the transaction, the chief technology officer now owns 111,128 shares in the company, valued at approximately $3,547,205.76. The trade was a 17.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 122,863 shares of company stock worth $4,847,429 over the last ninety days. 26.81% of the stock is currently owned by corporate insiders.

Wayfair Stock Up 5.7 %

NYSE:W traded up $1.44 during trading hours on Friday, reaching $26.58. 5,371,340 shares of the company's stock were exchanged, compared to its average volume of 4,616,824. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of -6.61 and a beta of 3.72. Wayfair Inc. has a 1-year low of $20.41 and a 1-year high of $76.18. The company has a 50-day moving average of $34.91 and a 200 day moving average of $42.74.

Wayfair (NYSE:W - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported ($0.96) earnings per share 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 analyst estimates of $3.07 billion. Research analysts forecast that Wayfair Inc. will post -2.54 EPS for the current fiscal year.

About Wayfair

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.