Flinton Capital Management LLC lifted its stake in Wayfair Inc (NYSE:W) by 2,716.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,704 shares of the company’s stock after purchasing an additional 2,608 shares during the quarter. Flinton Capital Management LLC’s holdings in Wayfair were worth $244,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Wayfair by 1.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 12,182 shares of the company’s stock valued at $1,097,000 after purchasing an additional 135 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Wayfair by 4.9% in the fourth quarter. Empowered Funds LLC now owns 13,465 shares of the company’s stock valued at $1,213,000 after purchasing an additional 628 shares during the last quarter. LS Investment Advisors LLC acquired a new stake in shares of Wayfair in the fourth quarter valued at approximately $60,000. Teachers Advisors LLC increased its holdings in shares of Wayfair by 0.4% in the third quarter. Teachers Advisors LLC now owns 158,455 shares of the company’s stock valued at $23,399,000 after purchasing an additional 691 shares during the last quarter. Finally, JS Capital Management LLC acquired a new stake in shares of Wayfair in the third quarter valued at approximately $103,000. 80.46% of the stock is owned by hedge funds and other institutional investors.

Several research firms have issued reports on W. Buckingham Research raised their target price on Wayfair from $130.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, February 25th. Canaccord Genuity reissued a “buy” rating and set a $175.00 target price (up previously from $130.00) on shares of Wayfair in a research note on Monday, February 25th. Deutsche Bank raised their target price on Wayfair from $124.00 to $168.00 and gave the stock a “buy” rating in a research note on Monday, February 25th. Zacks Investment Research raised Wayfair from a “sell” rating to a “buy” rating and set a $101.00 target price for the company in a research note on Monday, January 7th. Finally, Piper Jaffray Companies set a $87.00 target price on Wayfair and gave the stock a “buy” rating in a research note on Thursday, December 20th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $141.99.

In related news, insider Edmond Macri sold 500 shares of Wayfair stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $170.67, for a total value of $85,335.00. Following the completion of the transaction, the insider now directly owns 500 shares in the company, valued at $85,335. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Niraj Shah sold 31,000 shares of Wayfair stock in a transaction on Monday, March 11th. The shares were 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 of the company’s stock, valued at $20,339,433.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 197,423 shares of company stock valued at $26,572,689. 37.75% of the stock is currently owned by company insiders.

W opened at $166.01 on Friday. Wayfair Inc has a 52 week low of $60.53 and a 52 week high of $172.79. The firm has a market cap of $15.00 billion, a PE ratio of -29.59 and a beta of 2.06.

Wayfair (NYSE:W) last released its quarterly earnings results on Friday, February 22nd. The company reported ($1.12) EPS for the quarter, topping the consensus estimate of ($1.80) by $0.68. The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.97 billion. During the same quarter in the prior year, the business earned ($0.58) earnings per share. The company’s quarterly revenue was up 40.0% on a year-over-year basis. As a group, equities research analysts predict that Wayfair Inc will post -7.82 EPS for the current year.

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About Wayfair

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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