Bosun Asset Management LLC Acquires Shares of 13,494 Wayfair Inc. $W

Bosun Asset Management LLC bought a new position in Wayfair Inc. (NYSE:W) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 13,494 shares of the company’s stock, valued at approximately $690,000.

A number of other large investors have also recently bought and sold shares of W. AQR Capital Management LLC grew its holdings in Wayfair by 111.7% during the first quarter. AQR Capital Management LLC now owns 524,072 shares of the company’s stock valued at $16,786,000 after purchasing an additional 276,471 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Wayfair during the 2nd quarter worth about $1,512,000. Jacobs Levy Equity Management Inc. bought a new position in Wayfair during the first quarter valued at about $452,000. Signaturefd LLC raised its stake in shares of Wayfair by 10.1% in the second quarter. Signaturefd LLC now owns 376,697 shares of the company’s stock valued at $19,264,000 after purchasing an additional 34,507 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its stake in shares of Wayfair by 40.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 11,794 shares of the company’s stock valued at $603,000 after buying an additional 3,395 shares in the last quarter. 89.67% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Steven Conine sold 150,000 shares of the company’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $105.92, for a total transaction of $15,888,000.00. Following the sale, the insider owned 729,073 shares in the company, valued at approximately $77,223,412.16. This represents a 17.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kate Gulliver sold 9,612 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $102.20, for a total value of $982,346.40. Following the sale, the chief financial officer owned 175,497 shares in the company, valued at approximately $17,935,793.40. This represents a 5.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 955,959 shares of company stock worth $88,260,274. 21.91% of the stock is owned by corporate insiders.

Analyst Ratings Changes

W has been the subject of a number of recent research reports. Truist Financial increased their target price on Wayfair from $95.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Citigroup upped their price target on shares of Wayfair from $105.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. The Goldman Sachs Group boosted their price objective on shares of Wayfair from $80.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Canaccord Genuity Group increased their price objective on Wayfair from $100.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Finally, Cowen reissued a “hold” rating on shares of Wayfair in a research note on Wednesday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $105.29.

Wayfair Price Performance

Shares of W stock opened at $95.26 on Friday. The stock has a market cap of $12.42 billion, a PE ratio of -37.21 and a beta of 3.25. The stock has a 50-day moving average of $95.15 and a 200-day moving average of $74.93. Wayfair Inc. has a one year low of $20.41 and a one year high of $114.92.

Wayfair (NYSE:W) last posted its earnings results on Tuesday, October 28th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.26. The firm had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same quarter last year, the business posted $0.22 earnings per share. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, research analysts anticipate that Wayfair Inc. will post -2.54 earnings per share for the current 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.