Wayfair Inc. (NYSE:W) Shares Acquired by Sei Investments Co.

Sei Investments Co. raised its position in shares of Wayfair Inc. (NYSE:W) by 21.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 58,515 shares of the company’s stock after purchasing an additional 10,302 shares during the period. Sei Investments Co.’s holdings in Wayfair were worth $2,593,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. J.Safra Asset Management Corp grew its holdings in Wayfair by 71.3% during the fourth quarter. J.Safra Asset Management Corp now owns 586 shares of the company’s stock worth $26,000 after acquiring an additional 244 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of Wayfair by 577.0% in the 4th quarter. Jones Financial Companies Lllp now owns 589 shares of the company’s stock worth $26,000 after purchasing an additional 502 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Wayfair by 65.5% in the 4th quarter. GAMMA Investing LLC now owns 710 shares of the company’s stock worth $31,000 after purchasing an additional 281 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Wayfair during the third quarter valued at approximately $44,000. Finally, Venturi Wealth Management LLC bought a new stake in Wayfair during the fourth quarter worth approximately $45,000. Institutional investors own 89.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on W. StockNews.com raised Wayfair from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. Wedbush reiterated a “neutral” rating and issued a $46.00 price target (up previously from $44.00) on shares of Wayfair in a research report on Friday, February 21st. Royal Bank of Canada cut their price objective on Wayfair from $50.00 to $43.00 and set a “sector perform” rating on the stock in a report on Monday, February 24th. BMO Capital Markets raised their target price on shares of Wayfair from $50.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday, February 21st. Finally, Truist Financial dropped their target price on shares of Wayfair from $55.00 to $53.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Fifteen equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Wayfair has an average rating of “Hold” and an average target price of $54.84.

Wayfair Price Performance

Shares of NYSE W opened at $25.95 on Friday. The business’s fifty day moving average price is $39.50 and its 200-day moving average price is $44.72. Wayfair Inc. has a one year low of $20.41 and a one year high of $76.18. The stock has a market capitalization of $3.29 billion, a PE ratio of -6.46 and a beta of 3.72.

Wayfair (NYSE:W) last announced its quarterly earnings results 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 firm had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.07 billion. As a group, equities analysts expect that Wayfair Inc. will post -2.54 EPS for the current fiscal year.

Insider Buying and Selling at Wayfair

In related news, insider Jon Blotner sold 4,521 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $46.88, for a total value of $211,944.48. Following the completion of the sale, the insider now owns 63,568 shares of the company’s stock, valued at $2,980,067.84. This trade represents a 6.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Fiona Tan sold 7,581 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $47.17, for a total transaction of $357,595.77. Following the transaction, the chief technology officer now owns 88,976 shares in the company, valued at $4,196,997.92. This represents a 7.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 146,388 shares of company stock worth $5,930,556 over the last three months. 26.81% of the stock is 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.