Wayfair Inc. (NYSE:W) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC grew its stake in shares of Wayfair Inc. (NYSE:W) by 277.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,591 shares of the company’s stock after purchasing an additional 9,255 shares during the quarter. SG Americas Securities LLC’s holdings in Wayfair were worth $558,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Capital Performance Advisors LLP acquired a new stake in Wayfair during the 3rd quarter valued at $29,000. GAMMA Investing LLC boosted its position in Wayfair by 65.5% in the 4th quarter. GAMMA Investing LLC now owns 710 shares of the company’s stock valued at $31,000 after buying an additional 281 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Wayfair during the third quarter valued at about $44,000. Brooklyn Investment Group purchased a new stake in shares of Wayfair during the third quarter worth about $50,000. Finally, Northwest & Ethical Investments L.P. acquired a new position in shares of Wayfair in the third quarter worth about $67,000. Hedge funds and other institutional investors own 89.67% of the company’s stock.

Insider Activity at Wayfair

In other Wayfair news, CFO Kate Gulliver sold 5,974 shares of the company’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $44.95, for a total value of $268,531.30. Following the transaction, the chief financial officer now directly owns 129,964 shares of the company’s stock, valued at $5,841,881.80. This represents a 4.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Steven Conine sold 30,000 shares of Wayfair stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $48.45, for a total value of $1,453,500.00. Following the sale, the insider now owns 589,073 shares of the company’s stock, valued at approximately $28,540,586.85. This represents a 4.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 164,150 shares of company stock valued at $7,703,614. Company insiders own 26.81% of the company’s stock.

Wayfair Stock Down 3.7 %

Shares of Wayfair stock opened at $48.23 on Friday. Wayfair Inc. has a 12-month low of $37.35 and a 12-month high of $76.18. The firm has a market capitalization of $6.04 billion, a PE ratio of -10.74 and a beta of 3.43. The stock’s fifty day moving average is $47.28 and its 200-day moving average is $47.02.

Wayfair (NYSE:W) last released its quarterly earnings results on Friday, November 1st. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.09. The firm had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.87 billion. The firm’s revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($1.38) EPS. Analysts expect that Wayfair Inc. will post -2.91 EPS for the current year.

Analysts Set New Price Targets

W has been the subject of several recent analyst reports. StockNews.com raised shares of Wayfair from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. BMO Capital Markets decreased their price target on Wayfair from $58.00 to $50.00 and set a “market perform” rating for the company in a research note on Monday, November 4th. Wedbush cut Wayfair from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $45.00 to $44.00 in a research note on Monday, January 6th. Citigroup reduced their target price on Wayfair from $70.00 to $54.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Finally, Royal Bank of Canada lowered their price target on Wayfair from $53.00 to $50.00 and set a “sector perform” rating for the company in a report on Monday, November 4th. Fourteen equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.