River Global Investors LLP Sells 242 Shares of Wayfair Inc. (NYSE:W)

River Global Investors LLP reduced its stake in shares of Wayfair Inc. (NYSE:W) by 1.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,826 shares of the company’s stock after selling 242 shares during the quarter. River Global Investors LLP’s holdings in Wayfair were worth $1,532,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Wayfair in the 4th quarter worth about $29,000. GAMMA Investing LLC bought a new stake in Wayfair in the fourth quarter worth about $31,000. BluePath Capital Management LLC purchased a new position in shares of Wayfair during the third quarter valued at approximately $34,000. DekaBank Deutsche Girozentrale bought a new position in shares of Wayfair during the third quarter valued at approximately $34,000. Finally, Magnus Financial Group LLC purchased a new stake in shares of Wayfair in the fourth quarter worth approximately $200,000. 89.67% of the stock is currently owned by hedge funds and other institutional investors.

Wayfair Trading Up 8.4 %

W traded up $4.95 during midday trading on Friday, hitting $63.59. 8,825,370 shares of the company traded hands, compared to its average volume of 4,777,874. The company has a market capitalization of $7.65 billion, a price-to-earnings ratio of -11.86 and a beta of 3.32. The business has a 50 day simple moving average of $59.92 and a two-hundred day simple moving average of $55.29. Wayfair Inc. has a 52-week low of $33.85 and a 52-week high of $90.71.

Wayfair (NYSE:W) last issued its quarterly earnings results on Thursday, February 22nd. The company reported ($1.46) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.54) by $0.08. The firm had revenue of $3.11 billion during the quarter, compared to analyst estimates of $3.10 billion. Equities research analysts anticipate that Wayfair Inc. will post -3.37 earnings per share for the current year.

Insiders Place Their Bets

In other Wayfair news, CFO Kate Gulliver sold 3,395 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $65.04, for a total value of $220,810.80. Following the completion of the sale, the chief financial officer now directly owns 82,560 shares of the company’s stock, valued at approximately $5,369,702.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Kate Gulliver sold 3,395 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $65.04, for a total value of $220,810.80. Following the completion of the transaction, the chief financial officer now directly owns 82,560 shares in the company, valued at $5,369,702.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jon Blotner sold 3,492 shares of Wayfair stock in a transaction on Monday, February 5th. The shares were sold at an average price of $50.34, for a total value of $175,787.28. Following the completion of the sale, the insider now owns 32,118 shares in the company, valued at approximately $1,616,820.12. The disclosure for this sale can be found here. Insiders have sold 90,156 shares of company stock valued at $5,465,688 in the last ninety days. 26.81% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on W shares. Evercore ISI upgraded shares of Wayfair from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $65.00 to $80.00 in a report on Thursday, April 4th. Royal Bank of Canada dropped their price objective on Wayfair from $62.00 to $61.00 and set a “sector perform” rating on the stock in a research note on Wednesday, April 24th. Citigroup increased their price target on Wayfair from $73.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Stifel Nicolaus lifted their price objective on Wayfair from $52.00 to $55.00 and gave the company a “hold” rating in a report on Tuesday, January 9th. Finally, Raymond James upgraded shares of Wayfair from a “market perform” rating to a “strong-buy” rating and set a $65.00 target price on the stock in a report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Wayfair currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.45.

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.