Wayfair Inc. $W Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership boosted its position in shares of Wayfair Inc. (NYSE:W) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,825,654 shares of the company’s stock after purchasing an additional 8,598 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Wayfair were worth $283,724,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Webster Bank N. A. acquired a new stake in Wayfair during the 4th quarter valued at $30,000. V Square Quantitative Management LLC acquired a new stake in Wayfair during the 4th quarter valued at $33,000. Havemeyer Place LP acquired a new stake in Wayfair during the 4th quarter valued at $39,000. Kestra Advisory Services LLC acquired a new stake in Wayfair during the 4th quarter valued at $44,000. Finally, True Wealth Design LLC grew its holdings in Wayfair by 37.7% during the 4th quarter. True Wealth Design LLC now owns 449 shares of the company’s stock valued at $45,000 after purchasing an additional 123 shares in the last quarter. 89.67% of the stock is owned by institutional investors and hedge funds.

Wayfair Price Performance

NYSE W opened at $77.37 on Monday. Wayfair Inc. has a 12 month low of $45.46 and a 12 month high of $119.98. The company has a market capitalization of $10.21 billion, a price-to-earnings ratio of -33.06, a price-to-earnings-growth ratio of 4.08 and a beta of 3.02. The company’s fifty day moving average price is $70.55 and its two-hundred day moving average price is $85.55.

Wayfair (NYSE:W) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.26 EPS for the quarter, meeting analysts’ consensus estimates of $0.26. Wayfair had a negative net margin of 2.41% and a negative return on equity of 2.20%. The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same period in the prior year, the firm posted $0.10 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. As a group, analysts anticipate that Wayfair Inc. will post 0.63 EPS for the current year.

Insider Activity

In other Wayfair news, insider Jon Blotner sold 4,790 shares of Wayfair stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $72.19, for a total value of $345,790.10. Following the completion of the transaction, the insider directly owned 111,158 shares in the company, valued at $8,024,496.02. The trade was a 4.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Niraj Shah sold 113,863 shares of Wayfair stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $77.49, for a total value of $8,823,243.87. Following the completion of the transaction, the chief executive officer owned 435,274 shares of the company’s stock, valued at approximately $33,729,382.26. The trade was a 20.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 463,785 shares of company stock valued at $35,864,224. Company insiders own 18.44% of the company’s stock.

Analyst Upgrades and Downgrades

W has been the subject of a number of recent analyst reports. Citigroup lowered their price target on shares of Wayfair from $110.00 to $95.00 and set a “buy” rating for the company in a report on Tuesday, May 19th. Mizuho reduced their price objective on shares of Wayfair from $110.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, May 8th. Wedbush reduced their price objective on shares of Wayfair from $100.00 to $85.00 and set a “neutral” rating on the stock in a research note on Friday, February 20th. UBS Group reduced their price objective on shares of Wayfair from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Finally, TD Cowen reduced their price objective on shares of Wayfair from $88.00 to $75.00 and set a “hold” rating on the stock in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $99.68.

Wayfair Company Profile

Wayfair Inc (NYSE: W) is an e-commerce company focused on home furnishings and décor. Through its platform, Wayfair offers a broad assortment of furniture, lighting, home textiles, kitchenware and decorative accessories. The company’s portfolio includes flagship sites such as Wayfair.com, as well as specialty retail brands like Joss & Main, AllModern, Birch Lane and Perigold, each catering to distinct design styles and price points.

Founded in 2002 by Niraj Shah and Steve Conine under the name CSN Stores, the business rebranded as Wayfair in 2011 and went public in 2014.