Landscape Capital Management L.L.C. Purchases New Shares in Wayfair Inc. (NYSE:W)

Landscape Capital Management L.L.C. acquired a new position in Wayfair Inc. (NYSE:W) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 43,560 shares of the company’s stock, valued at approximately $1,931,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Baillie Gifford & Co. boosted its position in shares of Wayfair by 13.6% in the 4th quarter. Baillie Gifford & Co. now owns 6,179,761 shares of the company’s stock worth $273,887,000 after purchasing an additional 740,641 shares in the last quarter. Norges Bank bought a new stake in Wayfair in the fourth quarter worth $31,472,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Wayfair in the fourth quarter worth $30,735,000. Groupama Asset Managment increased its holdings in shares of Wayfair by 100.0% during the third quarter. Groupama Asset Managment now owns 1,000,000 shares of the company’s stock valued at $56,180,000 after acquiring an additional 500,000 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Wayfair by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 9,315,337 shares of the company’s stock worth $412,856,000 after purchasing an additional 327,603 shares during the last quarter. Institutional investors own 89.67% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on W shares. Royal Bank of Canada decreased their target price on shares of Wayfair from $50.00 to $43.00 and set a “sector perform” rating for the company in a report on Monday, February 24th. Needham & Company LLC restated a “buy” rating and issued a $50.00 price objective on shares of Wayfair in a report on Friday, February 21st. Piper Sandler set a $58.00 target price on Wayfair and gave the stock an “overweight” rating in a report on Friday, February 21st. BMO Capital Markets upped their price target on Wayfair from $50.00 to $55.00 and gave the company a “market perform” rating in a report on Friday, February 21st. Finally, Canaccord Genuity Group reduced their price objective on Wayfair from $76.00 to $68.00 and set a “buy” rating for the company in a report on Friday, February 21st. Fifteen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $54.84.

Insider Transactions at Wayfair

In other Wayfair news, insider Jon Blotner sold 4,521 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $46.88, for a total transaction of $211,944.48. Following the sale, the insider now directly owns 63,568 shares of the company’s stock, valued at $2,980,067.84. The trade was a 6.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Fiona Tan sold 7,581 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $47.17, for a total value of $357,595.77. Following the completion of the sale, the chief technology officer now directly owns 88,976 shares of the company’s stock, valued at $4,196,997.92. The trade was a 7.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 146,388 shares of company stock valued at $5,930,556. 26.81% of the stock is currently owned by insiders.

Wayfair Trading Up 3.4 %

Shares of W opened at $25.95 on Friday. Wayfair Inc. has a 12-month low of $20.41 and a 12-month high of $76.18. The company has a market capitalization of $3.29 billion, a PE ratio of -6.46 and a beta of 3.72. The business’s 50 day moving average is $39.50 and its 200 day moving average is $44.72.

Wayfair (NYSE:W) last issued its earnings results on Thursday, February 20th. The company reported ($0.96) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($1.01). The company had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $3.07 billion. Equities research analysts predict that Wayfair Inc. will post -2.54 earnings per share for the current 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.