Wayfair Inc. (NYSE:W) Position Increased by SG Americas Securities LLC

SG Americas Securities LLC lifted its position in Wayfair Inc. (NYSE:W) by 74.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,963 shares of the company’s stock after acquiring an additional 9,372 shares during the quarter. SG Americas Securities LLC’s holdings in Wayfair were worth $703,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. True Wealth Design LLC lifted its position in shares of Wayfair by 207.1% in the fourth quarter. True Wealth Design LLC now owns 565 shares of the company’s stock worth $25,000 after buying an additional 381 shares during the last quarter. J.Safra Asset Management Corp increased its holdings in shares of Wayfair by 71.3% during the 4th quarter. J.Safra Asset Management Corp now owns 586 shares of the company’s stock valued at $26,000 after acquiring an additional 244 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Wayfair by 577.0% in the 4th 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. Aster Capital Management DIFC Ltd acquired a new stake in Wayfair in the 4th quarter worth approximately $41,000. Finally, GAMMA Investing LLC lifted its holdings in Wayfair by 85.8% in the 1st quarter. GAMMA Investing LLC now owns 1,319 shares of the company’s stock worth $42,000 after purchasing an additional 609 shares during the last quarter. Institutional investors and hedge funds own 89.67% of the company’s stock.

Insider Transactions at Wayfair

In other Wayfair news, CTO Fiona Tan sold 3,214 shares of Wayfair stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $49.00, for a total value of $157,486.00. Following the sale, the chief technology officer now owns 70,891 shares of the company’s stock, valued at approximately $3,473,659. The trade was a 4.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven Conine sold 73,095 shares of the business’s stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $40.40, for a total value of $2,953,038.00. Following the completion of the transaction, the insider now owns 469,073 shares of the company’s stock, valued at $18,950,549.20. This trade represents a 13.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 249,262 shares of company stock worth $9,564,374. Corporate insiders own 21.91% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on W shares. Wedbush upgraded Wayfair to a “hold” rating in a research note on Thursday, May 1st. TD Cowen upgraded Wayfair from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 5th. Guggenheim decreased their price objective on Wayfair from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Evercore ISI lifted their price objective on Wayfair from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, May 2nd. Finally, Truist Financial set a $40.00 target price on Wayfair in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $43.96.

Wayfair Price Performance

Shares of Wayfair stock opened at $49.59 on Friday. The business has a 50 day simple moving average of $37.00 and a two-hundred day simple moving average of $40.18. Wayfair Inc. has a 12 month low of $20.41 and a 12 month high of $58.42. The stock has a market capitalization of $6.36 billion, a P/E ratio of -17.40 and a beta of 2.94.

Wayfair (NYSE:W) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.24. The business had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same quarter in the previous year, the company posted ($0.32) earnings per share. The company’s revenue was up .0% on a year-over-year basis. As a group, research analysts anticipate that Wayfair Inc. will post -2.54 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.