Brevan Howard Capital Management LP Buys 7,943 Shares of Wayfair Inc. (NYSE:W)

Brevan Howard Capital Management LP grew its position in Wayfair Inc. (NYSE:W) by 14.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 63,217 shares of the company’s stock after purchasing an additional 7,943 shares during the quarter. Brevan Howard Capital Management LP owned about 0.05% of Wayfair worth $2,802,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. J.Safra Asset Management Corp lifted 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 worth $26,000 after purchasing an additional 244 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Wayfair by 577.0% during the 4th quarter. Jones Financial Companies Lllp now owns 589 shares of the company’s stock worth $26,000 after acquiring an additional 502 shares during the period. GAMMA Investing LLC lifted its holdings 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 period. Aster Capital Management DIFC Ltd acquired a new stake in shares of Wayfair during the 4th quarter worth approximately $41,000. Finally, Venturi Wealth Management LLC bought a new position in Wayfair in the fourth quarter valued at approximately $45,000. Institutional investors own 89.67% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Kate Gulliver sold 19,296 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $31.67, for a total transaction of $611,104.32. Following the transaction, the chief financial officer now directly owns 144,474 shares of the company’s stock, valued at $4,575,491.58. This trade represents a 11.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Steven Conine sold 30,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $46.33, for a total transaction of $1,389,900.00. Following the completion of the sale, the insider now directly owns 559,073 shares of the company’s stock, valued at $25,901,852.09. The trade was a 5.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 92,915 shares of company stock worth $3,389,028. Insiders own 21.91% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Truist Financial reduced their target price on Wayfair from $53.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. JPMorgan Chase & Co. decreased their target price on Wayfair from $63.00 to $50.00 and set an “overweight” rating on the stock in a research report on Monday, March 10th. Bank of America lowered their target price on Wayfair from $52.00 to $50.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. The Goldman Sachs Group decreased their price target on shares of Wayfair from $50.00 to $31.00 and set a “neutral” rating on the stock in a report on Tuesday, April 22nd. Finally, Loop Capital dropped their price objective on shares of Wayfair from $55.00 to $45.00 and set a “hold” rating for the company in a research note on Friday, February 21st. Fourteen equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $48.79.

Wayfair Price Performance

W stock opened at $30.91 on Tuesday. The company’s 50-day moving average is $31.08 and its 200-day moving average is $40.52. The stock has a market capitalization of $3.92 billion, a PE ratio of -7.69 and a beta of 2.93. Wayfair Inc. has a 1 year low of $20.41 and a 1 year high of $76.18.

Wayfair (NYSE:W) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.10 EPS for the quarter, beating the consensus estimate of ($0.14) by $0.24. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the prior year, the firm earned ($0.32) EPS. The company’s revenue was up .0% compared to the same quarter last year. On average, 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.