Virtu Financial LLC Takes Position in Wayfair Inc. (NYSE:W)

Virtu Financial LLC acquired a new stake in shares of Wayfair Inc. (NYSE:W) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 17,820 shares of the company’s stock, valued at approximately $790,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. J.Safra Asset Management Corp grew its position in Wayfair by 71.3% during the fourth quarter. J.Safra Asset Management Corp now owns 586 shares of the company’s stock valued at $26,000 after buying an additional 244 shares during the period. GAMMA Investing LLC boosted its stake in shares of Wayfair by 65.5% during the 4th quarter. GAMMA Investing LLC now owns 710 shares of the company’s stock worth $31,000 after acquiring an additional 281 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of Wayfair by 577.0% during the 4th quarter. Jones Financial Companies Lllp now owns 589 shares of the company’s stock valued at $26,000 after acquiring an additional 502 shares during the period. Arizona State Retirement System increased its stake in shares of Wayfair by 2.4% in the 4th quarter. Arizona State Retirement System now owns 26,951 shares of the company’s stock worth $1,194,000 after purchasing an additional 624 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Wayfair in the 3rd quarter worth $44,000. Institutional investors own 89.67% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on W. Jefferies Financial Group raised shares of Wayfair from a “hold” rating to a “buy” rating and increased their target price for the stock from $45.00 to $47.00 in a report on Friday, March 7th. JPMorgan Chase & Co. decreased their price objective on shares of Wayfair from $63.00 to $50.00 and set an “overweight” rating on the stock in a research report on Monday, March 10th. StockNews.com raised shares of Wayfair from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Raymond James set a $60.00 price target on Wayfair and gave the company a “strong-buy” rating in a report on Friday, February 21st. Finally, Canaccord Genuity Group dropped their price objective on Wayfair from $76.00 to $68.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Fourteen analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Wayfair presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.81.

Insider Buying and Selling at Wayfair

In other news, insider Jon Blotner sold 4,966 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 68,089 shares of the company’s stock, valued at approximately $3,059,238.77. This represents a 6.80 % decrease in their ownership of the stock. The transaction 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 that occurred on 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 sale, 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. Insiders have sold 103,189 shares of company stock worth $4,810,693 over the last quarter. Insiders own 26.81% of the company’s stock.

Wayfair Price Performance

Shares of NYSE W opened at $37.79 on Tuesday. Wayfair Inc. has a 1-year low of $29.68 and a 1-year high of $76.18. The business’s 50 day moving average is $41.87 and its two-hundred day moving average is $45.49. The stock has a market capitalization of $4.80 billion, a P/E ratio of -9.40 and a beta of 3.44.

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

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.