Y Intercept Hong Kong Ltd Takes Position in Wayfair Inc. (NYSE:W)

Y Intercept Hong Kong Ltd purchased a new position in shares of Wayfair Inc. (NYSE:W - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 78,637 shares of the company's stock, valued at approximately $4,418,000. Y Intercept Hong Kong Ltd owned about 0.06% of Wayfair at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. XTX Topco Ltd acquired a new position in Wayfair in the third quarter valued at about $557,000. National Bank of Canada FI increased its stake in shares of Wayfair by 30.9% in the 3rd quarter. National Bank of Canada FI now owns 34,345 shares of the company's stock valued at $1,930,000 after acquiring an additional 8,102 shares during the last quarter. iA Global Asset Management Inc. acquired a new stake in shares of Wayfair in the 3rd quarter valued at approximately $6,964,000. Wellington Management Group LLP boosted its stake 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. Finally, Tabor Asset Management LP grew its holdings in Wayfair by 11.3% during the third quarter. Tabor Asset Management LP now owns 156,871 shares of the company's stock valued at $8,813,000 after purchasing an additional 15,932 shares during the period. 89.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Wayfair

In other Wayfair news, insider Steven Conine sold 30,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 179,073 shares in the company, valued at $7,576,578.63. This trade represents a 14.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Thomas Netzer sold 1,011 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $49.42, for a total value of $49,963.62. Following the transaction, the chief operating officer now owns 151,802 shares in the company, valued at approximately $7,502,054.84. This trade represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 97,868 shares of company stock worth $4,866,748. 26.81% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on W shares. Robert W. Baird cut their target price on shares of Wayfair from $56.00 to $50.00 and set a "neutral" rating on the stock in a report on Monday, November 4th. Truist Financial dropped their price objective on Wayfair from $60.00 to $55.00 and set a "buy" rating on the stock in a research note on Monday, November 4th. Royal Bank of Canada decreased their target price on Wayfair from $53.00 to $50.00 and set a "sector perform" rating for the company in a research note on Monday, November 4th. Citigroup dropped their price target on Wayfair from $70.00 to $54.00 and set a "buy" rating on the stock in a research report on Monday, November 4th. Finally, Argus lowered Wayfair from a "buy" rating to a "hold" rating in a research report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $60.28.

Wayfair Trading Up 2.5 %

Shares of NYSE:W traded up $1.35 during trading on Monday, hitting $54.88. 4,326,573 shares of the company were exchanged, compared to its average volume of 4,424,165. Wayfair Inc. has a fifty-two week low of $37.35 and a fifty-two week high of $76.18. The stock has a market cap of $6.88 billion, a price-to-earnings ratio of -12.22 and a beta of 3.44. The firm has a fifty day moving average price of $46.91 and a two-hundred day moving average price of $49.09.

Wayfair (NYSE:W - Get Free Report) last posted its quarterly earnings results on Friday, November 1st. The company reported $0.22 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.09. The business had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.87 billion. The company's revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($1.38) EPS. As a group, research analysts predict that Wayfair Inc. will post -2.91 EPS for the current 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.