Check Capital Management Inc. CA Has $7.30 Million Stock Holdings in Wayfair Inc. (NYSE:W)

Check Capital Management Inc. CA cut its stake in shares of Wayfair Inc. (NYSE:W) by 17.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 164,600 shares of the company’s stock after selling 34,833 shares during the quarter. Wayfair accounts for 0.2% of Check Capital Management Inc. CA’s investment portfolio, making the stock its 15th biggest position. Check Capital Management Inc. CA’s holdings in Wayfair were worth $7,295,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. CWM LLC raised its stake in Wayfair by 91.4% in the third quarter. CWM LLC now owns 4,981 shares of the company’s stock valued at $280,000 after buying an additional 2,378 shares during the period. Creative Planning raised its stake in Wayfair by 2.1% in the third quarter. Creative Planning now owns 13,261 shares of the company’s stock valued at $745,000 after buying an additional 272 shares during the period. Signaturefd LLC raised its stake in Wayfair by 56.4% in the third quarter. Signaturefd LLC now owns 321,098 shares of the company’s stock valued at $18,039,000 after buying an additional 115,778 shares during the period. International Assets Investment Management LLC raised its stake in Wayfair by 3,988.6% in the third quarter. International Assets Investment Management LLC now owns 45,056 shares of the company’s stock valued at $2,531,000 after buying an additional 43,954 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Wayfair in the third quarter valued at approximately $304,000. 89.67% of the stock is owned by institutional investors and hedge funds.

Wayfair Stock Up 3.6 %

Shares of W stock opened at $49.32 on Friday. The stock’s fifty day moving average price is $46.96 and its two-hundred day moving average price is $46.56. Wayfair Inc. has a fifty-two week low of $37.35 and a fifty-two week high of $76.18.

Insider Buying and Selling at Wayfair

In related news, CTO Fiona Tan sold 8,249 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $44.91, for a total transaction of $370,462.59. Following the sale, the chief technology officer now owns 96,557 shares of the company’s stock, valued at $4,336,374.87. This trade represents a 7.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Steven Conine sold 30,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $42.31, for a total value of $1,269,300.00. Following the sale, the insider now directly owns 179,073 shares in the company, valued at approximately $7,576,578.63. This trade represents a 14.35 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 164,228 shares of company stock valued at $7,709,418. 26.81% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Truist Financial lowered their target price on Wayfair from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Citigroup lowered their target price on Wayfair from $70.00 to $54.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. BMO Capital Markets lowered their target price on Wayfair from $58.00 to $50.00 and set a “market perform” rating on the stock in a research note on Monday, November 4th. Piper Sandler lowered their target price on Wayfair from $67.00 to $63.00 and set an “overweight” rating on the stock in a research note on Monday, October 28th. Finally, Loop Capital increased their target price on Wayfair from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. Fourteen research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $60.24.

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.