Ieq Capital LLC Purchases Shares of 9,041 Wayfair Inc. (NYSE:W)

Ieq Capital LLC purchased a new position in shares of Wayfair Inc. (NYSE:W) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,041 shares of the company’s stock, valued at approximately $401,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Creative Planning increased its position in shares of Wayfair by 2.1% in the third quarter. Creative Planning now owns 13,261 shares of the company’s stock valued at $745,000 after buying an additional 272 shares in the last quarter. GAMMA Investing LLC increased its holdings in Wayfair by 65.5% in the 4th quarter. GAMMA Investing LLC now owns 710 shares of the company’s stock worth $31,000 after acquiring an additional 281 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in Wayfair during the third quarter worth $29,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Wayfair during the third quarter valued at $44,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Wayfair in the third quarter valued at about $50,000. 89.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Wayfair

In related news, insider Steven Conine sold 30,000 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $46.33, for a total value of $1,389,900.00. Following the transaction, the insider now directly owns 559,073 shares of the company’s stock, valued at $25,901,852.09. This trade represents a 5.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Thomas Netzer sold 1,039 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $50.65, for a total transaction of $52,625.35. Following the completion of the sale, the chief operating officer now directly owns 171,790 shares of the company’s stock, valued at approximately $8,701,163.50. This trade represents a 0.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 164,228 shares of company stock valued at $7,830,018 in the last quarter. Corporate insiders own 23.50% of the company’s stock.

Wayfair Price Performance

NYSE W opened at $39.54 on Friday. The stock has a market capitalization of $4.96 billion, a P/E ratio of -9.84 and a beta of 3.43. The firm’s 50-day moving average is $45.74 and its two-hundred day moving average is $46.50. Wayfair Inc. has a 12 month low of $37.35 and a 12 month high of $76.18.

Wayfair (NYSE:W) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $3.07 billion. As a group, analysts anticipate that Wayfair Inc. will post -2.54 EPS for the current year.

Wall Street Analyst Weigh In

W has been the subject of several research analyst reports. StockNews.com upgraded shares of Wayfair from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. Wedbush reissued a “neutral” rating and set a $46.00 target price (up previously from $44.00) on shares of Wayfair in a report on Friday, February 21st. Deutsche Bank Aktiengesellschaft lowered their price target on Wayfair from $69.00 to $46.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. BMO Capital Markets boosted their price target on Wayfair from $50.00 to $55.00 and gave the stock a “market perform” rating in a research report on Friday, February 21st. Finally, Needham & Company LLC restated a “buy” rating and issued a $50.00 price objective on shares of Wayfair in a report on Friday, February 21st. Fourteen equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $58.12.

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.