Boston Partners Has $16.03 Million Position in Wayfair Inc. (NYSE:W)

Boston Partners grew its stake in Wayfair Inc. (NYSE:W) by 138.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 361,404 shares of the company’s stock after purchasing an additional 209,581 shares during the quarter. Boston Partners’ holdings in Wayfair were worth $16,026,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. J.Safra Asset Management Corp increased its holdings in Wayfair by 71.3% during the fourth quarter. J.Safra Asset Management Corp now owns 586 shares of the company’s stock worth $26,000 after buying an additional 244 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of Wayfair by 577.0% during 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 during the last quarter. GAMMA Investing LLC increased its stake in shares of 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. bought a new stake in shares of Wayfair in the 3rd quarter valued at about $44,000. Finally, Venturi Wealth Management LLC acquired a new stake in Wayfair in the 4th quarter valued at about $45,000. Institutional investors and hedge funds own 89.67% of the company’s stock.

Wayfair Price Performance

Shares of W stock opened at $31.52 on Friday. The business has a 50-day moving average of $42.20 and a 200 day moving average of $45.53. Wayfair Inc. has a 1-year low of $29.68 and a 1-year high of $76.18. The stock has a market capitalization of $4.00 billion, a PE ratio of -7.84 and a beta of 3.44.

Wayfair (NYSE:W) last released its quarterly earnings data 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 firm had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $3.07 billion. Analysts anticipate that Wayfair Inc. will post -2.54 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on W shares. Piper Sandler set a $58.00 target price on Wayfair and gave the stock an “overweight” rating in a research note on Friday, February 21st. Guggenheim reaffirmed a “buy” rating and issued a $60.00 price target on shares of Wayfair in a research note on Monday, March 10th. Needham & Company LLC reissued a “buy” rating and issued a $50.00 price objective on shares of Wayfair in a research note on Friday, February 21st. Jefferies Financial Group upgraded Wayfair from a “hold” rating to a “buy” rating and upped their target price for the stock from $45.00 to $47.00 in a research note on Friday, March 7th. Finally, Raymond James set a $60.00 price target on Wayfair and gave the stock a “strong-buy” rating in a report on Friday, February 21st. Fourteen investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Wayfair presently has an average rating of “Moderate Buy” and a consensus price target of $56.81.

Insider Buying and Selling at Wayfair

In related news, CTO Fiona Tan sold 7,581 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $47.17, for a total transaction of $357,595.77. Following the completion of the transaction, the chief technology officer now owns 88,976 shares in the company, valued at $4,196,997.92. This represents a 7.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kate Gulliver sold 5,974 shares of Wayfair stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $44.95, for a total transaction of $268,531.30. Following the completion of the sale, the chief financial officer now owns 129,964 shares in the company, valued at approximately $5,841,881.80. This trade represents a 4.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 103,189 shares of company stock valued at $4,810,693 in the last quarter. Company insiders own 26.81% of the company’s stock.

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.