100,000 Shares in Wayfair Inc. (NYSE:W) Bought by Honeycomb Asset Management LP

Honeycomb Asset Management LP bought a new position in shares of Wayfair Inc. (NYSE:WFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 100,000 shares of the company’s stock, valued at approximately $6,170,000. Wayfair comprises about 1.5% of Honeycomb Asset Management LP’s holdings, making the stock its 23rd largest position. Honeycomb Asset Management LP owned 0.08% of Wayfair at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of W. Capital World Investors raised its position in shares of Wayfair by 8.7% in the fourth quarter. Capital World Investors now owns 12,042,210 shares of the company’s stock valued at $743,004,000 after purchasing an additional 962,307 shares during the period. Vanguard Group Inc. grew its stake in shares of Wayfair by 5.2% in the third quarter. Vanguard Group Inc. now owns 7,830,300 shares of the company’s stock worth $474,281,000 after acquiring an additional 386,717 shares during the period. Atreides Management LP boosted its position in shares of Wayfair by 1.8% in the third quarter. Atreides Management LP now owns 971,206 shares of the company’s stock worth $58,826,000 after purchasing an additional 16,932 shares during the period. Norges Bank purchased a new position in shares of Wayfair in the fourth quarter worth $47,374,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Wayfair by 6.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 674,156 shares of the company’s stock valued at $41,595,000 after purchasing an additional 39,545 shares in the last quarter. Institutional investors own 89.67% of the company’s stock.

Insider Activity at Wayfair

In other Wayfair news, CEO Niraj Shah sold 10,000 shares of the firm’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 sale, the chief executive officer now owns 239,137 shares of the company’s stock, valued at approximately $15,443,467.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Niraj Shah sold 10,000 shares of the business’s stock in a transaction 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 sale, the chief executive officer now owns 239,137 shares of the company’s stock, valued at approximately $15,443,467.46. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Fiona Tan sold 5,315 shares of Wayfair stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $63.06, for a total value of $335,163.90. Following the completion of the transaction, the chief technology officer now owns 51,095 shares of the company’s stock, valued at approximately $3,222,050.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,664 shares of company stock valued at $4,224,393. Corporate insiders own 23.50% of the company’s stock.

Wayfair Stock Performance

Shares of NYSE:W traded up $1.00 during midday trading on Tuesday, reaching $58.05. The company had a trading volume of 4,234,800 shares, compared to its average volume of 4,357,143. Wayfair Inc. has a 1-year low of $38.37 and a 1-year high of $90.71. The firm has a market cap of $6.99 billion, a price-to-earnings ratio of -10.83 and a beta of 3.39. The company has a fifty day simple moving average of $60.79 and a two-hundred day simple moving average of $58.82.

Wayfair (NYSE:WGet Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The company reported ($1.38) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.49) by $0.11. The firm had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.64 billion. Analysts expect that Wayfair Inc. will post -3.03 EPS for the current year.

Analysts Set New Price Targets

W has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of Wayfair from $63.00 to $79.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Loop Capital raised their price objective on Wayfair from $55.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, April 2nd. Argus upgraded shares of Wayfair from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a report on Thursday, May 16th. Truist Financial boosted their price objective on Wayfair from $63.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Finally, Mizuho began coverage on Wayfair in a research note on Tuesday, March 19th. They issued a “buy” rating and a $72.00 price objective for the company. Ten equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $77.83.

Check Out Our Latest Research Report on W

Wayfair Profile

(Free Report)

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, d├ęcor, housewares, and home improvement products through its sites consisting of Wayfair, Joss & Main, AllModern, Birch Lane, Perigold, and Wayfair Professional.

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Institutional Ownership by Quarter for Wayfair (NYSE:W)

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