Wayfair Inc. (NYSE:W) Shares Sold by Ingalls & Snyder LLC

Ingalls & Snyder LLC lessened its stake in shares of Wayfair Inc. (NYSE:W) by 3.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 96,845 shares of the company’s stock after selling 3,709 shares during the quarter. Ingalls & Snyder LLC’s holdings in Wayfair were worth $4,292,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of W. Geode Capital Management LLC raised its stake 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. Southpoint Capital Advisors LP acquired a new stake in Wayfair during the 3rd quarter valued at $78,652,000. Holocene Advisors LP raised its stake in Wayfair by 5,699.8% during the 3rd quarter. Holocene Advisors LP now owns 1,235,193 shares of the company’s stock valued at $69,393,000 after purchasing an additional 1,213,896 shares during the period. Wellington Management Group LLP raised its stake in Wayfair by 22.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,097,822 shares of the company’s stock valued at $61,676,000 after purchasing an additional 201,157 shares during the period. Finally, Groupama Asset Managment raised its stake in Wayfair by 100.0% during the 3rd quarter. Groupama Asset Managment now owns 1,000,000 shares of the company’s stock valued at $56,180,000 after purchasing an additional 500,000 shares during the period. Institutional investors and hedge funds own 89.67% of the company’s stock.

Wayfair Stock Performance

W stock opened at $45.42 on Thursday. Wayfair Inc. has a 52-week low of $37.35 and a 52-week high of $76.18. The company has a 50-day moving average of $47.17 and a two-hundred day moving average of $46.65.

Insider Buying and Selling at Wayfair

In related news, COO Thomas Netzer sold 1,039 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $50.65, for a total value of $52,625.35. Following the completion of the sale, the chief operating officer now owns 171,790 shares in the company, valued at approximately $8,701,163.50. This trade represents a 0.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Steven Conine sold 30,000 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $48.45, for a total transaction of $1,453,500.00. Following the completion of the sale, the insider now owns 589,073 shares of the company’s stock, valued at approximately $28,540,586.85. The trade was a 4.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 164,228 shares of company stock worth $7,709,418 over the last ninety days. Company insiders own 26.81% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Wedbush downgraded shares of Wayfair from an “outperform” rating to a “neutral” rating and cut their target price for the company from $45.00 to $44.00 in a research note on Monday, January 6th. Mizuho cut their target price on shares of Wayfair from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Truist Financial dropped their price target on shares of Wayfair from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. BMO Capital Markets dropped their price target on shares of Wayfair from $58.00 to $50.00 and set a “market perform” rating on the stock in a research note on Monday, November 4th. Finally, Citigroup dropped their price target on shares of Wayfair from $70.00 to $54.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Fourteen research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Wayfair currently has a consensus rating of “Moderate Buy” and an average target price of $60.24.

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.