Jones Financial Companies Lllp Grows Stake in Wayfair Inc. (NYSE:W)

Jones Financial Companies Lllp grew its holdings in Wayfair Inc. (NYSE:W) by 577.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 589 shares of the company’s stock after acquiring an additional 502 shares during the period. Jones Financial Companies Lllp’s holdings in Wayfair were worth $26,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. GAMMA Investing LLC lifted its stake in shares of Wayfair by 65.5% in the 4th quarter. GAMMA Investing LLC now owns 710 shares of the company’s stock valued at $31,000 after purchasing an additional 281 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Wayfair in the 3rd quarter valued at approximately $44,000. Brooklyn Investment Group purchased a new position in shares of Wayfair in the 3rd quarter valued at approximately $50,000. Venturi Wealth Management LLC purchased a new position in shares of Wayfair in the 4th quarter valued at approximately $45,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of Wayfair in the 4th quarter valued at approximately $48,000. Hedge funds and other institutional investors own 89.67% of the company’s stock.

Wayfair Price Performance

Shares of NYSE W opened at $31.72 on Thursday. The business’s 50 day moving average is $42.47 and its two-hundred day moving average is $45.63. Wayfair Inc. has a 1-year low of $29.68 and a 1-year high of $76.18. The stock has a market capitalization of $4.03 billion, a P/E ratio of -7.89 and a beta of 3.44.

Wayfair (NYSE:W) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($0.96) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($1.01). The business had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.07 billion. As a group, equities research analysts anticipate that Wayfair Inc. will post -2.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Royal Bank of Canada reduced their price objective on Wayfair from $50.00 to $43.00 and set a “sector perform” rating for the company in a research report on Monday, February 24th. Wedbush reaffirmed a “neutral” rating and set a $46.00 price objective (up previously from $44.00) on shares of Wayfair in a research report on Friday, February 21st. Stifel Nicolaus reduced their price objective on Wayfair from $47.00 to $46.00 and set a “hold” rating for the company in a research report on Friday, February 21st. Truist Financial reduced their price objective on Wayfair from $55.00 to $53.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Finally, Jefferies Financial Group raised Wayfair from a “hold” rating to a “buy” rating and raised their price objective for the company from $45.00 to $47.00 in a research report on Friday, March 7th. Fourteen research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Wayfair presently has an average rating of “Moderate Buy” and a consensus price target of $56.81.

Insider Activity

In related news, insider Jon Blotner sold 5,669 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $42.83, for a total value of $242,803.27. Following the completion of the sale, the insider now owns 57,899 shares in the company, valued at approximately $2,479,814.17. The trade was a 8.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven Conine sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $48.45, for a total value of $1,453,500.00. Following the completion of the sale, the insider now owns 589,073 shares of the company’s stock, valued at $28,540,586.85. The trade was a 4.85 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 133,189 shares of company stock valued at $6,183,193. 26.81% of the stock is currently owned by 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.