Trexquant Investment LP Has $334,000 Stake in Wayfair Inc. (NYSE:W)

Trexquant Investment LP cut its holdings in Wayfair Inc. (NYSE:W) by 94.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 7,545 shares of the company’s stock after selling 125,208 shares during the period. Trexquant Investment LP’s holdings in Wayfair were worth $334,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. J.Safra Asset Management Corp boosted its stake in Wayfair by 71.3% during the 4th 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 last quarter. Jones Financial Companies Lllp raised its holdings in Wayfair by 577.0% in the fourth quarter. Jones Financial Companies Lllp now owns 589 shares of the company’s stock worth $26,000 after purchasing an additional 502 shares during the period. GAMMA Investing LLC boosted its position in shares of Wayfair by 65.5% during the fourth 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. Venturi Wealth Management LLC acquired a new position in shares of Wayfair in the 4th quarter valued at $45,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Wayfair in the 4th quarter valued at $48,000. Institutional investors and hedge funds own 89.67% of the company’s stock.

Insider Buying and Selling at Wayfair

In related news, insider Steven Conine sold 30,000 shares of Wayfair stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $46.33, for a total transaction of $1,389,900.00. Following the completion of the sale, the insider now directly owns 559,073 shares of the company’s stock, valued at approximately $25,901,852.09. This trade represents a 5.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Kate Gulliver sold 19,296 shares of the company’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $31.67, for a total value of $611,104.32. Following the completion of the transaction, the chief financial officer now directly owns 144,474 shares in the company, valued at approximately $4,575,491.58. This represents a 11.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 122,863 shares of company stock worth $4,847,429 over the last ninety days. Insiders own 26.81% of the company’s stock.

Wayfair Stock Performance

Wayfair stock opened at $26.91 on Monday. The stock has a 50-day simple moving average of $36.48 and a 200 day simple moving average of $43.39. The stock has a market capitalization of $3.42 billion, a P/E ratio of -6.69 and a beta of 3.72. Wayfair Inc. has a 52 week low of $20.41 and a 52 week high of $76.18.

Wayfair (NYSE:W) last issued its earnings results on Thursday, February 20th. The company reported ($0.96) EPS 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. Research analysts forecast that Wayfair Inc. will post -2.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

W has been the subject of a number of research analyst reports. Jefferies Financial Group raised Wayfair from a “hold” rating to a “buy” rating and boosted their target price for the company from $45.00 to $47.00 in a research note on Friday, March 7th. Citigroup lowered Wayfair from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $58.00 to $28.00 in a research report on Friday, April 4th. Wedbush reissued a “neutral” rating and set a $46.00 target price (up from $44.00) on shares of Wayfair in a research note on Friday, February 21st. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 price target on shares of Wayfair in a research note on Friday, February 21st. Finally, StockNews.com upgraded shares of Wayfair from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Fifteen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Wayfair has a consensus rating of “Hold” and an average target price of $54.16.

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.