Picton Mahoney Asset Management Has $192,000 Stock Holdings in Wayfair Inc. (NYSE:W)

Picton Mahoney Asset Management trimmed its stake in Wayfair Inc. (NYSE:W) by 88.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,330 shares of the company’s stock after selling 32,567 shares during the quarter. Picton Mahoney Asset Management’s holdings in Wayfair were worth $192,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in W. J.Safra Asset Management Corp lifted its stake in Wayfair by 71.3% in the 4th quarter. J.Safra Asset Management Corp now owns 586 shares of the company’s stock valued at $26,000 after purchasing an additional 244 shares during the last quarter. Jones Financial Companies Lllp raised its stake in Wayfair by 577.0% in the fourth quarter. Jones Financial Companies Lllp now owns 589 shares of the company’s stock valued at $26,000 after buying an additional 502 shares during the period. GAMMA Investing LLC raised its stake in Wayfair by 65.5% in the fourth quarter. GAMMA Investing LLC now owns 710 shares of the company’s stock valued at $31,000 after buying an additional 281 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Wayfair in the third quarter valued at approximately $44,000. Finally, Brooklyn Investment Group bought a new position in shares of Wayfair during the 3rd quarter worth approximately $50,000. Institutional investors and hedge funds own 89.67% of the company’s stock.

Wall Street Analyst Weigh In

W has been the subject of several research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price target on shares of Wayfair in a report on Friday, February 21st. Guggenheim reaffirmed a “buy” rating and set a $60.00 target price on shares of Wayfair in a report on Monday, March 10th. Truist Financial lowered their price target on shares of Wayfair from $55.00 to $53.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Loop Capital cut their price objective on shares of Wayfair from $55.00 to $45.00 and set a “hold” rating for the company in a research report on Friday, February 21st. Finally, Royal Bank of Canada lowered their target price on Wayfair from $50.00 to $43.00 and set a “sector perform” rating on the stock 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $56.81.

Wayfair Trading Up 2.7 %

W stock opened at $31.85 on Monday. The firm has a 50-day moving average price of $43.39 and a 200-day moving average price of $45.88. Wayfair Inc. has a 12 month low of $31.00 and a 12 month high of $76.18. The stock has a market capitalization of $4.04 billion, a P/E ratio of -7.92 and a beta of 3.44.

Wayfair (NYSE:W) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($0.96) EPS for the quarter, missing the consensus estimate of $0.05 by ($1.01). The company had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.07 billion. As a group, equities analysts predict that Wayfair Inc. will post -2.54 EPS for the current fiscal year.

Insider Activity at Wayfair

In other Wayfair news, insider Steven Conine sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $45.75, for a total transaction of $1,372,500.00. Following the sale, the insider now directly owns 602,573 shares of the company’s stock, valued at $27,567,714.75. The trade was a 4.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Thomas Netzer sold 1,039 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $50.65, for a total transaction of $52,625.35. Following the transaction, the chief operating officer now directly owns 171,790 shares of the company’s stock, valued at $8,701,163.50. The trade was a 0.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 134,228 shares of company stock valued at $6,235,818 in the last 90 days. 26.81% of the stock is owned by corporate insiders.

About Wayfair

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.