Cwm LLC Sells 333 Shares of Wayfair Inc. (NYSE:W)

Cwm LLC trimmed its holdings in Wayfair Inc. (NYSE:W) by 10.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,962 shares of the company’s stock after selling 333 shares during the period. Cwm LLC’s holdings in Wayfair were worth $183,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in W. Signaturefd LLC boosted its position in shares of Wayfair by 9.0% during the fourth quarter. Signaturefd LLC now owns 203,775 shares of the company’s stock valued at $12,573,000 after buying an additional 16,905 shares during the last quarter. Flynn Zito Capital Management LLC purchased a new stake in shares of Wayfair in the fourth quarter valued at about $249,000. Daiwa Securities Group Inc. lifted its position in shares of Wayfair by 243.8% during the fourth quarter. Daiwa Securities Group Inc. now owns 7,714 shares of the company’s stock valued at $476,000 after purchasing an additional 5,470 shares in the last quarter. Rothschild & Co Wealth Management UK Ltd grew its position in Wayfair by 5.2% in the 4th quarter. Rothschild & Co Wealth Management UK Ltd now owns 207,533 shares of the company’s stock worth $12,805,000 after purchasing an additional 10,266 shares in the last quarter. Finally, Ingalls & Snyder LLC increased its stake in Wayfair by 0.6% in the 4th quarter. Ingalls & Snyder LLC now owns 96,164 shares of the company’s stock valued at $5,933,000 after buying an additional 535 shares during the last quarter. 89.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on W shares. Raymond James upgraded Wayfair from a “market perform” rating to a “strong-buy” rating and set a $65.00 target price on the stock in a research note on Friday, February 16th. Royal Bank of Canada decreased their target price on Wayfair from $62.00 to $61.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 24th. Morgan Stanley reissued an “overweight” rating and issued a $80.00 price target on shares of Wayfair in a report on Monday, March 25th. Canaccord Genuity Group restated a “buy” rating and set a $80.00 price target on shares of Wayfair in a research report on Friday, February 23rd. Finally, TD Cowen boosted their target price on shares of Wayfair from $55.00 to $58.00 and gave the company a “hold” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, nine have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Wayfair presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.45.

Insider Transactions at Wayfair

In other news, insider Jon Blotner sold 3,492 shares of Wayfair stock in a transaction on Monday, February 5th. The shares were sold at an average price of $50.34, for a total transaction of $175,787.28. Following the completion of the sale, the insider now directly owns 32,118 shares of the company’s stock, valued at approximately $1,616,820.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Jon Blotner sold 3,492 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $50.34, for a total transaction of $175,787.28. Following the transaction, the insider now directly owns 32,118 shares in the company, valued at approximately $1,616,820.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Niraj Shah sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $64.58, for a total value of $645,800.00. Following the completion of the sale, the chief executive officer now owns 239,137 shares of the company’s stock, valued at approximately $15,443,467.46. The disclosure for this sale can be found here. Insiders have sold 90,156 shares of company stock valued at $5,465,688 in the last quarter. Insiders own 26.81% of the company’s stock.

Wayfair Stock Up 8.4 %

Wayfair stock opened at $63.59 on Friday. The business has a 50-day simple moving average of $59.92 and a 200 day simple moving average of $55.21. Wayfair Inc. has a 52 week low of $33.85 and a 52 week high of $90.71. The stock has a market cap of $7.65 billion, a price-to-earnings ratio of -11.86 and a beta of 3.32.

Wayfair (NYSE:W) last issued its quarterly earnings data on Thursday, February 22nd. The company reported ($1.46) EPS for the quarter, topping the consensus estimate of ($1.54) by $0.08. The business had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $3.10 billion. On average, research analysts anticipate that Wayfair Inc. will post -3.37 earnings per share for the current year.

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.