Boston Partners Has $16.03 Million Stake in Wayfair Inc. (NYSE:W)

Boston Partners increased its stake in Wayfair Inc. (NYSE:W) by 138.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 361,404 shares of the company’s stock after purchasing an additional 209,581 shares during the quarter. Boston Partners owned approximately 0.29% of Wayfair worth $16,026,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. J.Safra Asset Management Corp grew its stake in shares of Wayfair by 71.3% in the fourth quarter. J.Safra Asset Management Corp now owns 586 shares of the company’s stock worth $26,000 after acquiring an additional 244 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Wayfair by 577.0% during 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 in the last quarter. GAMMA Investing LLC increased its position in shares of Wayfair by 65.5% during the fourth quarter. GAMMA Investing LLC now owns 710 shares of the company’s stock valued at $31,000 after purchasing an additional 281 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Wayfair in the third quarter valued at $44,000. Finally, Brooklyn Investment Group bought a new stake in Wayfair in the 3rd quarter valued at $50,000. Institutional investors own 89.67% of the company’s stock.

Insider Buying and Selling at Wayfair

In other Wayfair news, insider Jon Blotner sold 5,669 shares of Wayfair stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $42.83, for a total value of $242,803.27. Following the sale, the insider now owns 57,899 shares of the company’s stock, valued at $2,479,814.17. This trade represents a 8.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Steven Conine sold 30,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $48.45, for a total value of $1,453,500.00. Following the transaction, the insider now directly owns 589,073 shares of the company’s stock, valued at $28,540,586.85. This represents a 4.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 103,189 shares of company stock valued at $4,810,693. Company insiders own 26.81% of the company’s stock.

Wayfair Trading Down 0.5 %

Wayfair stock opened at $31.52 on Friday. The firm has a market capitalization of $4.00 billion, a P/E ratio of -7.84 and a beta of 3.44. The business has a 50-day moving average of $42.20 and a 200-day moving average of $45.53. Wayfair Inc. has a 1 year low of $29.68 and a 1 year high of $76.18.

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

Analyst Ratings Changes

Several analysts have recently weighed in on W shares. Bank of America decreased their target price on shares of Wayfair from $52.00 to $50.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 price objective on shares of Wayfair in a research note on Friday, February 21st. Guggenheim reissued a “buy” rating and issued a $60.00 target price on shares of Wayfair in a report on Monday, March 10th. JPMorgan Chase & Co. decreased their price target on Wayfair from $63.00 to $50.00 and set an “overweight” rating on the stock in a research note on Monday, March 10th. Finally, Royal Bank of Canada dropped their price objective on Wayfair from $50.00 to $43.00 and set a “sector perform” rating for the company in a research note on Monday, February 24th. Fourteen analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Wayfair has a consensus rating of “Moderate Buy” and an average target price of $56.81.

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.