Wayfair Inc. (NYSE:W) Shares Purchased by Sterling Capital Management LLC

Sterling Capital Management LLC boosted its holdings in shares of Wayfair Inc. (NYSE:W) by 60.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 5,636 shares of the company’s stock after purchasing an additional 2,116 shares during the period. Sterling Capital Management LLC’s holdings in Wayfair were worth $250,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. J.Safra Asset Management Corp grew its position in Wayfair by 71.3% in the 4th quarter. J.Safra Asset Management Corp now owns 586 shares of the company’s stock valued at $26,000 after buying an additional 244 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Wayfair by 577.0% in the fourth quarter. Jones Financial Companies Lllp now owns 589 shares of the company’s stock valued at $26,000 after acquiring an additional 502 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Wayfair by 65.5% during the fourth quarter. GAMMA Investing LLC now owns 710 shares of the company’s stock worth $31,000 after acquiring an additional 281 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in Wayfair in the 4th quarter valued at approximately $41,000. Finally, Venturi Wealth Management LLC acquired a new position in Wayfair during the 4th quarter worth approximately $45,000. 89.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on W shares. Stifel Nicolaus reduced their price target on Wayfair from $47.00 to $46.00 and set a “hold” rating for the company in a report on Friday, February 21st. Wedbush reiterated a “neutral” rating and issued a $46.00 price target (up previously from $44.00) on shares of Wayfair in a report on Friday, February 21st. Canaccord Genuity Group reduced their price objective on shares of Wayfair from $76.00 to $68.00 and set a “buy” rating for the company in a research note on Friday, February 21st. UBS Group lowered their target price on shares of Wayfair from $60.00 to $55.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Finally, Loop Capital reduced their price target on shares of Wayfair from $55.00 to $45.00 and set a “hold” rating for the company in a research report on Friday, February 21st. Sixteen equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $52.92.

Insiders Place Their Bets

In other Wayfair news, insider Steven Conine sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $46.33, for a total value of $1,389,900.00. Following the transaction, the insider now owns 559,073 shares in the company, valued at approximately $25,901,852.09. This represents a 5.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kate Gulliver sold 19,296 shares of the business’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $31.67, for a total transaction of $611,104.32. Following the transaction, the chief financial officer now owns 144,474 shares in the company, valued at approximately $4,575,491.58. This represents a 11.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 122,863 shares of company stock worth $4,847,429. Corporate insiders own 21.91% of the company’s stock.

Wayfair Stock Up 5.7 %

Shares of NYSE W opened at $26.58 on Monday. The business has a fifty day simple moving average of $34.55 and a 200-day simple moving average of $42.42. The company has a market cap of $3.37 billion, a price-to-earnings ratio of -6.61 and a beta of 3.72. Wayfair Inc. has a 12 month low of $20.41 and a 12 month high of $76.18.

Wayfair (NYSE:W) last announced its earnings results on Thursday, February 20th. The company reported ($0.96) EPS for the quarter, missing the consensus estimate of $0.05 by ($1.01). The business had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.07 billion. As a group, sell-side analysts expect that Wayfair Inc. will post -2.54 EPS for the current fiscal year.

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.