Signaturefd LLC Grows Stock Holdings in Wayfair Inc. (NYSE:W)

Signaturefd LLC lifted its position in Wayfair Inc. (NYSE:W) by 7.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 345,567 shares of the company’s stock after buying an additional 24,469 shares during the period. Signaturefd LLC owned approximately 0.28% of Wayfair worth $15,316,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. J.Safra Asset Management Corp boosted its holdings in Wayfair by 71.3% in the fourth quarter. J.Safra Asset Management Corp now owns 586 shares of the company’s stock worth $26,000 after acquiring an additional 244 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Wayfair by 577.0% in the 4th quarter. Jones Financial Companies Lllp now owns 589 shares of the company’s stock worth $26,000 after purchasing an additional 502 shares in the last quarter. GAMMA Investing LLC grew its position in Wayfair by 65.5% during the 4th quarter. GAMMA Investing LLC now owns 710 shares of the company’s stock worth $31,000 after purchasing an additional 281 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Wayfair during the 3rd quarter valued at approximately $44,000. Finally, Venturi Wealth Management LLC purchased a new position in shares of Wayfair in the fourth quarter worth $45,000. Institutional investors own 89.67% of the company’s stock.

Insider Activity

In other news, insider Steven Conine sold 30,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $46.33, for a total transaction of $1,389,900.00. Following the transaction, the insider now owns 559,073 shares of the company’s stock, valued at approximately $25,901,852.09. The trade was a 5.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Thomas Netzer sold 1,039 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $50.65, for a total transaction of $52,625.35. Following the transaction, the chief operating officer now directly owns 171,790 shares in the company, valued at approximately $8,701,163.50. The trade was a 0.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 134,228 shares of company stock worth $6,235,818 over the last three months. Insiders own 26.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on W. Royal Bank of Canada dropped their price objective on shares of Wayfair from $50.00 to $43.00 and set a “sector perform” rating on the stock in a report on Monday, February 24th. Guggenheim reiterated a “buy” rating and set a $60.00 price target on shares of Wayfair in a research note on Monday, March 10th. BMO Capital Markets raised their price objective on Wayfair from $50.00 to $55.00 and gave the stock a “market perform” rating in a research note on Friday, February 21st. Stifel Nicolaus dropped their target price on Wayfair from $47.00 to $46.00 and set a “hold” rating on the stock in a research report on Friday, February 21st. Finally, Needham & Company LLC reissued a “buy” rating and set a $50.00 price target on shares of Wayfair in a research report on Friday, February 21st. Fourteen analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Wayfair currently has an average rating of “Moderate Buy” and a consensus price target of $56.81.

Wayfair Price Performance

Shares of Wayfair stock opened at $31.85 on Monday. The stock has a market capitalization of $4.04 billion, a P/E ratio of -7.92 and a beta of 3.44. The business has a 50 day simple moving average of $43.39 and a two-hundred day simple moving average of $45.88. Wayfair Inc. has a 12 month low of $31.00 and a 12 month high of $76.18.

Wayfair (NYSE:W) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($0.96) EPS for the quarter, missing the consensus estimate of $0.05 by ($1.01). The company had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $3.07 billion. As a group, research analysts anticipate that Wayfair Inc. will post -2.54 EPS for the current fiscal year.

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.