Polar Asset Management Partners Inc. Grows Position in Wayfair Inc. (NYSE:W)

Polar Asset Management Partners Inc. raised its position in shares of Wayfair Inc. (NYSE:W) by 142.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,653 shares of the company’s stock after buying an additional 89,053 shares during the quarter. Polar Asset Management Partners Inc. owned about 0.12% of Wayfair worth $6,721,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. J.Safra Asset Management Corp boosted its holdings in shares of Wayfair by 71.3% in the 4th quarter. J.Safra Asset Management Corp now owns 586 shares of the company’s stock worth $26,000 after purchasing an additional 244 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Wayfair by 577.0% in the 4th quarter. Jones Financial Companies Lllp now owns 589 shares of the company’s stock worth $26,000 after purchasing an additional 502 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in shares of Wayfair in the 4th quarter worth approximately $41,000. Venturi Wealth Management LLC purchased a new position in shares of Wayfair in the 4th quarter worth approximately $45,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of Wayfair in the 4th quarter worth approximately $48,000. Hedge funds and other institutional investors own 89.67% of the company’s stock.

Wayfair Price Performance

NYSE:W opened at $38.68 on Friday. The firm has a market capitalization of $4.91 billion, a P/E ratio of -9.62 and a beta of 2.93. Wayfair Inc. has a 1-year low of $20.41 and a 1-year high of $71.15. The company’s fifty day moving average price is $31.02 and its 200-day moving average price is $40.01.

Wayfair (NYSE:W) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.10 EPS for the quarter, beating the consensus estimate of ($0.14) by $0.24. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.71 billion. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.32) EPS. Equities analysts anticipate that Wayfair Inc. will post -2.54 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on W shares. Raymond James set a $60.00 target price on Wayfair and gave the stock a “strong-buy” rating in a report on Friday, February 21st. UBS Group dropped their target price on Wayfair from $60.00 to $55.00 and set a “buy” rating for the company in a report on Monday, April 14th. Zelman & Associates started coverage on Wayfair in a research note on Thursday. They set an “outperform” rating for the company. Wedbush raised Wayfair to a “hold” rating in a research note on Thursday, May 1st. Finally, Deutsche Bank Aktiengesellschaft lowered Wayfair from a “buy” rating to a “hold” rating and set a $25.00 price target for the company. in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $43.83.

Insider Activity at Wayfair

In other Wayfair news, insider Steven Conine sold 30,000 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $46.33, for a total transaction of $1,389,900.00. Following the transaction, the insider now directly owns 559,073 shares of the company’s stock, valued at $25,901,852.09. This trade represents a 5.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kate Gulliver sold 19,296 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $31.67, for a total transaction of $611,104.32. Following the transaction, the chief financial officer now directly owns 144,474 shares in the company, valued at approximately $4,575,491.58. The trade was a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 122,826 shares of company stock worth $4,587,201. 21.91% of the stock is owned by company insiders.

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.