1 day Ago By ABMN Staff
Trexquant Investment LP lessened its stake in shares of Wayfair Inc. ( NYSE:W – Free Report ) by 94.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission.
The firm owned 7,545 shares of the company’s stock after selling 125,208 shares during the period. Trexquant Investment LP’s holdings in Wayfair were worth $334,000 at the end of the most recent reporting period. A number of other hedge funds also recently bought and sold shares of W.
Baillie Gifford & Co. lifted its position in shares of Wayfair by 13.6% in the fourth 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 purchased a new stake in Wayfair in the 4th quarter worth approximately $31,472,000.
Arrowstreet Capital Limited Partnership acquired a new stake in shares of Wayfair during the 4th quarter valued at $30,735,000. Vanguard Group Inc. grew its holdings in shares of Wayfair by 3.
6% during the 4th quarter. Vanguard Group Inc. now owns 9,315,337 shares of the company’s stock valued at $412,856,000 after acquiring an additional 327,603 shares in the last quarter.
Finally, Boston Partners increased its stake in shares of Wayfair by 138.0% in the fourth quarter. Boston Partners now owns 361,404 shares of the company’s stock worth $16,026,000 after acquiring an additional 209,581 shares during the last quarter.
89.67% of the stock is owned by hedge funds and other institutional investors. Wayfair Price Performance Wayfair stock opened at $26.
91 on Monday. The firm has a market capitalization of $3.42 billion, a P/E ratio of -6.
69 and a beta of 3.72. The stock has a fifty day moving average price of $36.
48 and a two-hundred day moving average price of $43.39. Wayfair Inc.
has a 52-week low of $20.41 and a 52-week high of $76.18.
Insider Activity In related news, CFO Kate Gulliver sold 19,296 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $31.67, for a total value of $611,104.
32. Following the completion of the sale, the chief financial officer now owns 144,474 shares of the company’s stock, valued at $4,575,491.58.
This trade represents a 11.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website .
Also, insider Steven Conine sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $48.45, for a total transaction of $1,453,500.
00. Following the completion of the transaction, the insider now owns 589,073 shares of the company’s stock, valued at $28,540,586.85.
This trade represents a 4.85 % decrease in their position. The disclosure for this sale can be found here .
Over the last 90 days, insiders sold 122,863 shares of company stock worth $4,847,429. Insiders own 26.81% of the company’s stock.
Wall Street Analyst Weigh In A number of research analysts have commented on W shares. Loop Capital lowered their target price on Wayfair from $55.00 to $45.
00 and set a “hold” rating on the stock in a research note on Friday, February 21st. Raymond James set a $60.00 price target on Wayfair and gave the company a “strong-buy” rating in a research note on Friday, February 21st.
JPMorgan Chase & Co. cut their price objective on shares of Wayfair from $63.00 to $50.
00 and set an “overweight” rating on the stock in a research report on Monday, March 10th. StockNews.com raised shares of Wayfair from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th.
Finally, Citigroup downgraded shares of Wayfair from a “buy” rating to a “neutral” rating and cut their price target for the company from $58.00 to $28.00 in a report on Friday, April 4th.
Fifteen research 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, the company has a consensus rating of “Hold” and a consensus target price of $54.16.
Get Our Latest Stock Analysis on Wayfair Wayfair Company 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.
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