Los Angeles Capital Management & Equity Research Inc. lowered its holdings in shares of Wayfair Inc (NYSE:W) by 17.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,220 shares of the company’s stock after selling 1,110 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Wayfair were worth $470,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. LS Investment Advisors LLC purchased a new stake in Wayfair in the fourth quarter worth $60,000. JS Capital Management LLC bought a new stake in Wayfair during the third quarter worth about $103,000. Wedbush Securities Inc. bought a new stake in Wayfair during the third quarter worth about $207,000. First Republic Investment Management Inc. bought a new stake in Wayfair during the third quarter worth about $215,000. Finally, Enlightenment Research LLC bought a new stake in Wayfair during the fourth quarter worth about $144,000. 80.46% of the stock is owned by institutional investors and hedge funds.

NYSE W opened at $165.32 on Friday. The firm has a market cap of $14.94 billion, a PE ratio of -29.47 and a beta of 2.06. Wayfair Inc has a 1-year low of $60.53 and a 1-year high of $172.79.

Wayfair (NYSE:W) last released its quarterly earnings results on Friday, February 22nd. The company reported ($1.12) earnings per share for the quarter, beating the consensus estimate of ($1.80) by $0.68. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.97 billion. Wayfair’s quarterly revenue was up 40.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.58) earnings per share. On average, sell-side analysts predict that Wayfair Inc will post -7.82 earnings per share for the current fiscal year.

A number of equities research analysts have recently weighed in on W shares. Deutsche Bank started coverage on Wayfair in a research note on Tuesday, January 29th. They issued a “buy” rating and a $124.00 target price for the company. Credit Suisse Group raised Wayfair from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $117.00 to $130.00 in a research note on Monday, January 28th. Piper Jaffray Companies set a $87.00 target price on Wayfair and gave the company a “buy” rating in a research note on Thursday, December 20th. Oppenheimer boosted their target price on Wayfair from $120.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, February 8th. Finally, Zacks Investment Research lowered Wayfair from a “hold” rating to a “sell” rating in a research note on Saturday, March 2nd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $141.99.

In related news, CEO Niraj Shah sold 31,000 shares of Wayfair stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $168.82, for a total value of $5,233,420.00. Following the completion of the transaction, the chief executive officer now owns 120,480 shares in the company, valued at $20,339,433.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Edmond Macri sold 1,000 shares of Wayfair stock in a transaction dated Wednesday, January 9th. The stock was sold at an average price of $100.00, for a total value of $100,000.00. Following the completion of the transaction, the insider now owns 500 shares of the company’s stock, valued at approximately $50,000. The disclosure for this sale can be found here. Insiders sold a total of 197,423 shares of company stock valued at $26,572,689 in the last quarter. 37.75% of the stock is currently owned by company insiders.

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Wayfair Company Profile

Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. The company offers approximately 10 million products for the home sector under various brands. It offers a selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, such as Wayfair, Joss & Main, AllModern, DwellStudio, Perigold, and Birch Lane.

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Institutional Ownership by Quarter for Wayfair (NYSE:W)

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