505 Shares in Wayfair Inc. (NYSE:W) Bought by GAMMA Investing LLC

GAMMA Investing LLC purchased a new stake in Wayfair Inc. (NYSE:W) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 505 shares of the company’s stock, valued at approximately $31,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of W. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Wayfair during the 4th quarter worth approximately $29,000. BluePath Capital Management LLC bought a new position in Wayfair during the third quarter worth $34,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Wayfair in the third quarter valued at $34,000. Flynn Zito Capital Management LLC bought a new position in shares of Wayfair in the fourth quarter valued at about $249,000. Finally, Handelsinvest Investeringsforvaltning acquired a new stake in shares of Wayfair during the 4th quarter worth about $256,000. Institutional investors own 89.67% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on W. Canaccord Genuity Group reissued a “buy” rating and issued a $80.00 price target on shares of Wayfair in a report on Friday, February 23rd. Wedbush reissued an “outperform” rating and set a $70.00 price target on shares of Wayfair in a report on Friday. BMO Capital Markets boosted their price target on Wayfair from $57.00 to $61.00 and gave the company a “market perform” rating in a research note on Friday. Evercore ISI upgraded Wayfair from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $65.00 to $80.00 in a research report on Thursday, April 4th. Finally, Mizuho initiated coverage on shares of Wayfair in a research report on Tuesday, March 19th. They issued a “buy” rating and a $72.00 target price for the company. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $77.14.

Insider Buying and Selling at Wayfair

In other news, CEO Niraj Shah sold 1,700 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $52.02, for a total transaction of $88,434.00. Following the completion of the transaction, the chief executive officer now directly owns 267,437 shares in the company, valued at $13,912,072.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Steven Conine sold 8,300 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $52.31, for a total value of $434,173.00. Following the completion of the transaction, the insider now owns 259,073 shares in the company, valued at approximately $13,552,108.63. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Niraj Shah sold 1,700 shares of Wayfair stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $52.02, for a total transaction of $88,434.00. Following the sale, the chief executive officer now owns 267,437 shares in the company, valued at $13,912,072.74. The disclosure for this sale can be found here. Insiders have sold 86,664 shares of company stock worth $5,289,900 over the last quarter. Corporate insiders own 26.81% of the company’s stock.

Wayfair Stock Up 8.4 %

NYSE:W opened at $63.59 on Monday. The firm has a market capitalization of $7.65 billion, a PE ratio of -11.86 and a beta of 3.32. Wayfair Inc. has a twelve month low of $33.85 and a twelve month high of $90.71. The stock’s 50-day simple moving average is $59.92 and its 200 day simple moving average is $55.29.

Wayfair (NYSE:W) last posted its quarterly earnings results on Thursday, February 22nd. The company reported ($1.46) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.54) by $0.08. The company had revenue of $3.11 billion during the quarter, compared to analyst estimates of $3.10 billion. On average, analysts anticipate that Wayfair Inc. will post -3.37 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.