Cwm LLC Sells 333 Shares of Wayfair Inc. (NYSE:W)

Cwm LLC trimmed its holdings in Wayfair Inc. (NYSE:W) by 10.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,962 shares of the company’s stock after selling 333 shares during the quarter. Cwm LLC’s holdings in Wayfair were worth $183,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in W. Signaturefd LLC raised its position in shares of Wayfair by 9.0% during the fourth quarter. Signaturefd LLC now owns 203,775 shares of the company’s stock valued at $12,573,000 after buying an additional 16,905 shares during the last quarter. Flynn Zito Capital Management LLC purchased a new position in Wayfair during the fourth quarter valued at $249,000. Daiwa Securities Group Inc. increased its holdings in Wayfair by 243.8% in the 4th quarter. Daiwa Securities Group Inc. now owns 7,714 shares of the company’s stock valued at $476,000 after acquiring an additional 5,470 shares during the last quarter. Rothschild & Co Wealth Management UK Ltd lifted its stake in Wayfair by 5.2% in the 4th quarter. Rothschild & Co Wealth Management UK Ltd now owns 207,533 shares of the company’s stock worth $12,805,000 after purchasing an additional 10,266 shares in the last quarter. Finally, Ingalls & Snyder LLC boosted its holdings in shares of Wayfair by 0.6% during the 4th quarter. Ingalls & Snyder LLC now owns 96,164 shares of the company’s stock valued at $5,933,000 after purchasing an additional 535 shares during the last quarter. 89.67% of the stock is owned by hedge funds and other institutional investors.

Wayfair Stock Performance

Wayfair stock opened at $63.59 on Friday. Wayfair Inc. has a fifty-two week low of $33.85 and a fifty-two week high of $90.71. The company has a market capitalization of $7.65 billion, a PE ratio of -11.86 and a beta of 3.32. The company has a 50 day moving average price of $59.92 and a 200-day moving average price of $55.21.

Wayfair (NYSE:W) last issued its earnings results on Thursday, February 22nd. The company reported ($1.46) earnings per share for the quarter, topping the consensus estimate of ($1.54) by $0.08. The firm had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $3.10 billion. On average, analysts forecast that Wayfair Inc. will post -3.37 earnings per share for the current year.

Insider Buying and Selling

In other news, COO Thomas Netzer sold 20,000 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $59.72, for a total transaction of $1,194,400.00. Following the transaction, the chief operating officer now directly owns 116,622 shares in the company, valued at $6,964,665.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Jon Blotner sold 3,492 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $50.34, for a total value of $175,787.28. Following the sale, the insider now directly owns 32,118 shares in the company, valued at approximately $1,616,820.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Thomas Netzer sold 20,000 shares of Wayfair stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $59.72, for a total transaction of $1,194,400.00. Following the completion of the transaction, the chief operating officer now directly owns 116,622 shares in the company, valued at approximately $6,964,665.84. The disclosure for this sale can be found here. Insiders sold a total of 90,156 shares of company stock valued at $5,465,688 over the last three months. 26.81% of the stock is owned by company insiders.

Analyst Ratings Changes

W has been the topic of a number of research analyst reports. Mizuho began coverage on Wayfair in a research report on Tuesday, March 19th. They issued a “buy” rating and a $72.00 target price on the stock. Morgan Stanley reiterated an “overweight” rating and set a $80.00 target price on shares of Wayfair in a research report on Monday, March 25th. Evercore ISI upgraded shares of Wayfair from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $65.00 to $80.00 in a research report on Thursday, April 4th. Stifel Nicolaus increased their price objective on shares of Wayfair from $52.00 to $55.00 and gave the company a “hold” rating in a research report on Tuesday, January 9th. Finally, Loop Capital boosted their target price on shares of Wayfair from $55.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $76.45.

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.