Federated Hermes Inc. Has $168,000 Holdings in Wayfair Inc. (NYSE:W)

Federated Hermes Inc. decreased its holdings in shares of Wayfair Inc. (NYSE:W) by 85.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,721 shares of the company’s stock after selling 16,221 shares during the period. Federated Hermes Inc.’s holdings in Wayfair were worth $168,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of W. McGlone Suttner Wealth Management Inc. acquired a new position in Wayfair in the fourth quarter valued at about $29,000. BluePath Capital Management LLC acquired a new stake in shares of Wayfair in the 3rd quarter valued at approximately $34,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Wayfair in the 3rd quarter valued at approximately $34,000. Handelsinvest Investeringsforvaltning bought a new position in Wayfair during the 4th quarter worth approximately $256,000. Finally, Oak Thistle LLC acquired a new position in Wayfair during the fourth quarter valued at approximately $266,000. 89.67% of the stock is owned by institutional investors.

Wayfair Price Performance

Shares of W stock opened at $63.59 on Monday. The company has a market cap of $7.65 billion, a price-to-earnings ratio of -11.86 and a beta of 3.32. Wayfair Inc. has a 1 year low of $33.85 and a 1 year high of $90.71. The firm has a fifty day moving average price of $59.92 and a 200-day moving average price of $55.29.

Wayfair (NYSE:W) last released its quarterly earnings results on Thursday, February 22nd. The company reported ($1.46) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.54) by $0.08. The company had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.10 billion. Equities research analysts expect that Wayfair Inc. will post -3.37 EPS for the current year.

Analyst Upgrades and Downgrades

W has been the topic of several analyst reports. StockNews.com lowered shares of Wayfair from a “hold” rating to a “sell” rating in a report on Friday. Canaccord Genuity Group reiterated a “buy” rating and set a $80.00 target price on shares of Wayfair in a report on Friday, February 23rd. TD Cowen increased their price target on Wayfair from $55.00 to $58.00 and gave the stock a “hold” rating in a report on Friday. Stifel Nicolaus lifted their price objective on Wayfair from $52.00 to $55.00 and gave the company a “hold” rating in a report on Tuesday, January 9th. Finally, Raymond James upgraded shares of Wayfair from a “market perform” rating to a “strong-buy” rating and set a $65.00 price target on the stock in a report on Friday, February 16th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $77.14.

Insider Buying and Selling

In related news, insider Jon Blotner sold 4,144 shares of Wayfair stock in a transaction on Monday, April 15th. The shares were sold at an average price of $60.52, for a total transaction of $250,794.88. Following the transaction, the insider now owns 37,957 shares in the company, valued at approximately $2,297,157.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Jon Blotner sold 4,144 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $60.52, for a total transaction of $250,794.88. Following the completion of the sale, the insider now owns 37,957 shares in the company, valued at $2,297,157.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Niraj Shah sold 1,700 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $52.02, for a total value 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 86,664 shares of company stock valued at $5,289,900. 26.81% of the stock is owned by corporate insiders.

Wayfair Company 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.