GAMMA Investing LLC Acquires 281 Shares of Wayfair Inc. (NYSE:W)

GAMMA Investing LLC lifted its stake in Wayfair Inc. (NYSE:W) by 65.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 710 shares of the company’s stock after acquiring an additional 281 shares during the period. GAMMA Investing LLC’s holdings in Wayfair were worth $31,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Wolf Hill Capital Management LP boosted its stake in Wayfair by 22.9% in the second quarter. Wolf Hill Capital Management LP now owns 2,322,906 shares of the company’s stock worth $122,487,000 after buying an additional 432,404 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Wayfair by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,524,854 shares of the company’s stock worth $85,690,000 after acquiring an additional 35,268 shares during the last quarter. Southpoint Capital Advisors LP purchased a new stake in shares of Wayfair in the 3rd quarter valued at $78,652,000. Holocene Advisors LP grew its holdings in shares of Wayfair by 5,699.8% during the 3rd quarter. Holocene Advisors LP now owns 1,235,193 shares of the company’s stock valued at $69,393,000 after purchasing an additional 1,213,896 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in Wayfair by 22.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,097,822 shares of the company’s stock worth $61,676,000 after purchasing an additional 201,157 shares during the period. 89.67% of the stock is owned by institutional investors.

Wayfair Stock Down 2.1 %

Shares of NYSE W opened at $42.81 on Wednesday. The stock has a market capitalization of $5.36 billion, a price-to-earnings ratio of -9.53 and a beta of 3.43. Wayfair Inc. has a 52 week low of $37.35 and a 52 week high of $76.18. The firm has a 50-day moving average price of $45.43 and a 200 day moving average price of $47.45.

Wayfair (NYSE:W) last issued its quarterly earnings data on Friday, November 1st. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.09. The business had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.87 billion. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period last year, the business earned ($1.38) earnings per share. Equities research analysts expect that Wayfair Inc. will post -2.91 EPS for the current fiscal year.

Insider Activity

In other news, insider Jon Blotner sold 5,669 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $42.83, for a total value of $242,803.27. Following the transaction, the insider now directly owns 57,899 shares in the company, valued at approximately $2,479,814.17. This trade represents a 8.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Steven Conine sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $42.31, for a total value of $1,269,300.00. Following the transaction, the insider now owns 179,073 shares of the company’s stock, valued at $7,576,578.63. This represents a 14.35 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 134,150 shares of company stock valued at $6,250,114. Company insiders own 26.81% of the company’s stock.

Wall Street Analyst Weigh In

W has been the topic of several recent research reports. Needham & Company LLC restated a “buy” rating and set a $60.00 price target on shares of Wayfair in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft cut their target price on shares of Wayfair from $69.00 to $46.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Royal Bank of Canada lowered their price target on shares of Wayfair from $53.00 to $50.00 and set a “sector perform” rating for the company in a report on Monday, November 4th. Guggenheim reissued a “buy” rating and issued a $70.00 price target on shares of Wayfair in a report on Thursday, September 26th. Finally, Mizuho lowered their price objective on shares of Wayfair from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. Fourteen equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $60.24.

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.