Wayfair Inc. $W Shares Acquired by Boothbay Fund Management LLC

Boothbay Fund Management LLC lifted its stake in shares of Wayfair Inc. (NYSE:W) by 15.0% during the 4th quarter, HoldingsChannel reports. The firm owned 209,577 shares of the company’s stock after purchasing an additional 27,299 shares during the quarter. Wayfair comprises 0.3% of Boothbay Fund Management LLC’s investment portfolio, making the stock its 15th biggest position. Boothbay Fund Management LLC’s holdings in Wayfair were worth $21,044,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Wayfair by 29.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 67,023 shares of the company’s stock valued at $2,147,000 after acquiring an additional 15,084 shares during the last quarter. Prudential Financial Inc. lifted its holdings in Wayfair by 30.4% in the second quarter. Prudential Financial Inc. now owns 7,328 shares of the company’s stock valued at $375,000 after acquiring an additional 1,710 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Wayfair by 12.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,462 shares of the company’s stock valued at $126,000 after acquiring an additional 270 shares during the last quarter. M&T Bank Corp acquired a new position in Wayfair in the second quarter valued at approximately $262,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Wayfair by 393.4% in the second quarter. EverSource Wealth Advisors LLC now owns 819 shares of the company’s stock valued at $42,000 after acquiring an additional 653 shares during the last quarter. Hedge funds and other institutional investors own 89.67% of the company’s stock.

Analyst Upgrades and Downgrades

W has been the topic of a number of recent analyst reports. TD Cowen decreased their price objective on Wayfair from $88.00 to $75.00 and set a “hold” rating on the stock in a report on Thursday, April 30th. JPMorgan Chase & Co. decreased their price objective on Wayfair from $114.00 to $105.00 and set an “overweight” rating on the stock in a report on Friday, February 20th. Wall Street Zen cut Wayfair from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Truist Financial set a $99.00 price objective on Wayfair in a report on Monday, June 8th. Finally, Robert W. Baird set a $76.00 price objective on Wayfair in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $99.68.

Wayfair Stock Down 1.9%

Shares of NYSE W opened at $81.62 on Thursday. The firm has a market cap of $10.77 billion, a price-to-earnings ratio of -34.88, a PEG ratio of 4.37 and a beta of 3.02. Wayfair Inc. has a 52-week low of $47.21 and a 52-week high of $119.98. The business’s 50 day moving average is $71.17 and its two-hundred day moving average is $84.94.

Wayfair (NYSE:W) last announced its earnings results on Thursday, April 30th. The company reported $0.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.26. The company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.89 billion. Wayfair had a negative return on equity of 2.20% and a negative net margin of 2.41%.The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.10 earnings per share. Analysts anticipate that Wayfair Inc. will post 0.63 EPS for the current fiscal year.

Insider Buying and Selling at Wayfair

In other Wayfair news, CEO Niraj Shah sold 6,137 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $78.62, for a total value of $482,490.94. Following the sale, the chief executive officer owned 429,137 shares of the company’s stock, valued at $33,738,750.94. The trade was a 1.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Steven Conine sold 7,139 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $78.55, for a total value of $560,768.45. Following the completion of the sale, the director directly owned 429,073 shares in the company, valued at approximately $33,703,684.15. The trade was a 1.64% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 463,785 shares of company stock valued at $35,864,224 over the last quarter. 18.44% of the stock is owned by company insiders.

Wayfair Profile

Wayfair Inc (NYSE: W) is an e-commerce company focused on home furnishings and décor. Through its platform, Wayfair offers a broad assortment of furniture, lighting, home textiles, kitchenware and decorative accessories. The company’s portfolio includes flagship sites such as Wayfair.com, as well as specialty retail brands like Joss & Main, AllModern, Birch Lane and Perigold, each catering to distinct design styles and price points.

Founded in 2002 by Niraj Shah and Steve Conine under the name CSN Stores, the business rebranded as Wayfair in 2011 and went public in 2014.