Wayfair Inc. (NYSE:W) Stock Holdings Lessened by Prescott General Partners LLC

Prescott General Partners LLC lowered its holdings in Wayfair Inc. (NYSE:W) by 22.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,922,401 shares of the company’s stock after selling 829,863 shares during the period. Wayfair comprises 9.5% of Prescott General Partners LLC’s holdings, making the stock its 4th largest position. Prescott General Partners LLC owned approximately 2.33% of Wayfair worth $129,521,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. J.Safra Asset Management Corp raised its stake in shares of Wayfair by 71.3% in the fourth quarter. J.Safra Asset Management Corp now owns 586 shares of the company’s stock valued at $26,000 after buying an additional 244 shares during the period. Jones Financial Companies Lllp grew its position in Wayfair by 577.0% during the fourth quarter. Jones Financial Companies Lllp now owns 589 shares of the company’s stock worth $26,000 after buying an additional 502 shares in the last quarter. GAMMA Investing LLC grew its position in Wayfair by 65.5% during the fourth quarter. GAMMA Investing LLC now owns 710 shares of the company’s stock worth $31,000 after buying an additional 281 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in Wayfair during the fourth quarter worth about $41,000. Finally, Venturi Wealth Management LLC purchased a new position in Wayfair during the fourth quarter worth about $45,000. Hedge funds and other institutional investors own 89.67% of the company’s stock.

Insider Transactions at Wayfair

In other Wayfair news, insider Steven Conine sold 30,000 shares of the business’s 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 sale, the insider now directly owns 559,073 shares of the company’s stock, valued at $25,901,852.09. The trade was a 5.09% 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 23,835 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $31.92, for a total value of $760,813.20. Following the sale, the chief technology officer now directly owns 111,128 shares in the company, valued at $3,547,205.76. The trade was a 17.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 112,240 shares of company stock valued at $4,162,605. 21.91% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Needham & Company LLC reiterated a “buy” rating and set a $50.00 price objective on shares of Wayfair in a research report on Thursday, May 1st. Evercore ISI increased their price objective on Wayfair from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, May 2nd. Jefferies Financial Group upgraded Wayfair from a “hold” rating to a “buy” rating and increased their price objective for the stock from $45.00 to $47.00 in a report on Friday, March 7th. Stifel Nicolaus dropped their price objective on Wayfair from $46.00 to $29.00 and set a “hold” rating for the company in a report on Wednesday, April 23rd. Finally, Loop Capital reiterated a “sell” rating and issued a $35.00 price objective on shares of Wayfair in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $43.83.

Wayfair Stock Performance

NYSE W opened at $38.12 on Thursday. The business’s fifty day moving average is $30.92 and its 200 day moving average is $40.05. Wayfair Inc. has a fifty-two week low of $20.41 and a fifty-two week high of $74.49. The company has a market capitalization of $4.84 billion, a PE ratio of -9.48 and a beta of 2.93.

Wayfair (NYSE:W) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.10 EPS for the quarter, beating the consensus estimate of ($0.14) by $0.24. The business had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same quarter in the previous year, the firm earned ($0.32) earnings per share. Wayfair’s revenue was up .0% on a year-over-year basis. On average, sell-side analysts forecast that Wayfair Inc. will post -2.54 EPS for the current year.

Wayfair 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.