Sei Investments Co. Purchases 10,302 Shares of Wayfair Inc. (NYSE:W)

Sei Investments Co. increased its position in Wayfair Inc. ( NYSE:W – Free Report ) by 21.

4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,515 shares of the company’s stock after buying an additional 10,302 shares during the quarter. Sei Investments Co.



’s holdings in Wayfair were worth $2,593,000 as of its most recent filing with the Securities & Exchange Commission. A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Baillie Gifford & Co.

grew 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 buying an additional 740,641 shares during the last quarter. Geode Capital Management LLC increased its position in Wayfair by 2.4% during the 3rd quarter.

Geode Capital Management LLC now owns 1,524,854 shares of the company’s stock valued at $85,690,000 after purchasing an additional 35,268 shares during the period. Wellington Management Group LLP raised its holdings in Wayfair by 22.4% in the 3rd quarter.

Wellington Management Group LLP now owns 1,097,822 shares of the company’s stock worth $61,676,000 after purchasing an additional 201,157 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Wayfair by 3.

6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,009,312 shares of the company’s stock worth $44,733,000 after purchasing an additional 35,057 shares in the last quarter.

Finally, Groupama Asset Managment lifted its position in shares of Wayfair by 100.0% in the 3rd quarter. Groupama Asset Managment now owns 1,000,000 shares of the company’s stock worth $56,180,000 after purchasing an additional 500,000 shares during the period.

89.67% of the stock is currently owned by institutional investors. Wall Street Analysts Forecast Growth W has been the topic of a number of recent research reports.

Jefferies Financial Group upgraded shares of Wayfair from a “hold” rating to a “buy” rating and upped their price objective for the stock from $45.00 to $47.00 in a report on Friday, March 7th.

Truist Financial reduced their price objective on Wayfair from $55.00 to $53.00 and set a “buy” rating for the company in a research report on Friday, February 21st.

Canaccord Genuity Group dropped their target price on Wayfair from $76.00 to $68.00 and set a “buy” rating on the stock in a report on Friday, February 21st.

Bank of America reduced their price target on Wayfair from $52.00 to $50.00 and set a “neutral” rating for the company in a report on Friday, February 21st.

Finally, Citigroup cut shares of Wayfair from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $58.00 to $28.00 in a research note on Friday.

Fifteen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Wayfair has an average rating of “Hold” and a consensus price target of $54.84.

Insiders Place Their Bets In other news, CTO Fiona Tan sold 7,581 shares of the business’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 value of $357,595.

77. Following the completion of the sale, the chief technology officer now directly owns 88,976 shares in the company, valued at approximately $4,196,997.92.

The trade was a 7.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink .

Also, insider Steven Conine sold 30,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $48.45, for a total value of $1,453,500.

00. Following the transaction, the insider now owns 589,073 shares in the company, valued at $28,540,586.85.

This trade represents a 4.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here .

Insiders have sold 146,388 shares of company stock worth $5,930,556 in the last three months. 26.81% of the stock is owned by insiders.

Wayfair Trading Up 3.4 % Shares of W stock opened at $25.95 on Friday.

The company has a market cap of $3.29 billion, a PE ratio of -6.46 and a beta of 3.

72. The company’s fifty day simple moving average is $39.50 and its 200-day simple moving average is $44.

72. Wayfair Inc. has a 52 week low of $20.

41 and a 52 week high of $76.18. Wayfair ( NYSE:W – Get Free Report ) last announced its earnings results 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 analyst estimates of $3.

07 billion. Equities research analysts expect that Wayfair Inc. will post -2.

54 EPS for the current fiscal year. Wayfair Profile ( Free Report ) 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. Featured Articles Five stocks we like better than Wayfair What does consumer price index measure? Archer Aviation’s Africa Deal Could Boost ACHR Stock Procter & Gamble (NYSE:PG) Pulls Back After Shaky Guidance Are Short Sellers Wrong About These 3 Semiconductor Stocks? What Are Dividend Contenders? Investing in Dividend Contenders Boeing Gets $50B in March Orders—Is BA Stock a Buy Now? Want to see what other hedge funds are holding W? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wayfair Inc.

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