EntryPoint Capital LLC Buys Shares of 5,055 Wayfair Inc. (NYSE:W)

EntryPoint Capital LLC purchased a new position in shares of Wayfair Inc. (NYSE:W) in the fourth quarter, Holdings Channel.com reports. The fund purchased 5,055 shares of the company’s stock, valued at approximately $224,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its position in Wayfair by 35.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 974,255 shares of the company’s stock valued at $54,734,000 after buying an additional 253,681 shares in the last quarter. Cerity Partners LLC acquired a new stake in shares of Wayfair during the 3rd quarter valued at $1,070,000. Brooklyn Investment Group bought a new stake in Wayfair during the 3rd quarter worth $50,000. Northwest & Ethical Investments L.P. acquired a new position in Wayfair in the 3rd quarter worth about $67,000. Finally, PDT Partners LLC acquired a new stake in shares of Wayfair during the third quarter valued at about $2,046,000. 89.67% of the stock is currently owned by institutional investors.

Wayfair Stock Performance

Shares of NYSE:W opened at $33.84 on Friday. Wayfair Inc. has a 52-week low of $29.68 and a 52-week high of $76.18. The business’s 50 day simple moving average is $41.29 and its two-hundred day simple moving average is $45.28. The firm has a market cap of $4.29 billion, a P/E ratio of -8.42 and a beta of 3.44.

Wayfair (NYSE:W) last issued its earnings results on Thursday, February 20th. The company reported ($0.96) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($1.01). The company had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.07 billion. On average, equities analysts forecast that Wayfair Inc. will post -2.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on W. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Wayfair in a research note on Friday, February 21st. JPMorgan Chase & Co. dropped their price target on shares of Wayfair from $63.00 to $50.00 and set an “overweight” rating for the company in a research note on Monday, March 10th. Stifel Nicolaus cut their price target on shares of Wayfair from $47.00 to $46.00 and set a “hold” rating on the stock in a report on Friday, February 21st. Wedbush restated a “neutral” rating and issued a $46.00 price objective (up from $44.00) on shares of Wayfair in a report on Friday, February 21st. Finally, Loop Capital cut their target price on Wayfair from $55.00 to $45.00 and set a “hold” rating on the stock in a report on Friday, February 21st. Fourteen investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $56.81.

Insider Buying and Selling at Wayfair

In related news, insider Jon Blotner sold 4,966 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $44.93, for a total transaction of $223,122.38. Following the completion of the sale, the insider now owns 68,089 shares in the company, valued at approximately $3,059,238.77. This represents a 6.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Steven Conine sold 30,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The shares were 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 approximately $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. Over the last three months, insiders have sold 103,189 shares of company stock valued at $4,810,693. Corporate insiders own 26.81% of the company’s stock.

Wayfair Company 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.