Fulton Breakefield Broenniman LLC Invests $494,000 in Wayfair Inc. (NYSE:W)


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Fulton Breakefield Broenniman LLC bought a new stake in Wayfair Inc. (NYSE:W) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,571 shares of the company’s stock, valued at approximately $494,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP lifted its stake in Wayfair by 782.1% during the 4th quarter. First Trust Advisors LP now owns 838,109 shares of the company’s stock valued at $189,253,000 after acquiring an additional 743,101 shares during the period. Norges Bank purchased a new position in shares of Wayfair during the fourth quarter worth $146,328,000. Price T Rowe Associates Inc. MD lifted its position in Wayfair by 172.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 617,531 shares of the company’s stock valued at $139,445,000 after purchasing an additional 390,645 shares during the period. JBF Capital Inc. boosted its holdings in Wayfair by 22,481.0% in the fourth quarter. JBF Capital Inc. now owns 257,875 shares of the company’s stock valued at $258,000 after purchasing an additional 256,733 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in Wayfair by 36.9% during the 4th quarter. Renaissance Technologies LLC now owns 629,900 shares of the company’s stock worth $142,238,000 after purchasing an additional 169,800 shares during the period. 81.27% of the stock is currently owned by hedge funds and other institutional investors.

In other Wayfair news, CTO James R. Miller sold 4,067 shares of the firm’s stock in a transaction on Tuesday, February 2nd. The shares were sold at an average price of $282.85, for a total transaction of $1,150,350.95. Following the transaction, the chief technology officer now directly owns 35,749 shares of the company’s stock, valued at approximately $10,111,604.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Edmond Macri sold 1,500 shares of the firm’s stock in a transaction dated Monday, February 1st. The stock was sold at an average price of $276.67, for a total value of $415,005.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 96,019 shares of company stock valued at $32,424,667. Company insiders own 30.86% of the company’s stock.

A number of research firms have recently commented on W. Piper Sandler raised their target price on Wayfair from $370.00 to $420.00 and gave the company an “overweight” rating in a research report on Friday. TheStreet raised Wayfair from a “d+” rating to a “c” rating in a report on Monday, March 1st. Cowen boosted their target price on shares of Wayfair from $360.00 to $375.00 and gave the company an “outperform” rating in a report on Thursday, February 25th. Citigroup raised their price target on shares of Wayfair from $230.00 to $250.00 in a report on Tuesday, March 2nd. Finally, Credit Suisse Group upped their price objective on Wayfair from $321.00 to $326.00 and gave the company an “outperform” rating in a report on Thursday, March 4th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $294.16.

NYSE:W opened at $327.49 on Monday. Wayfair Inc. has a 1 year low of $73.02 and a 1 year high of $369.00. The stock has a market cap of $33.92 billion, a P/E ratio of -46.92, a P/E/G ratio of 98.63 and a beta of 3.43. The stock has a 50-day simple moving average of $313.79 and a 200-day simple moving average of $282.30.

Wayfair (NYSE:W) last announced its quarterly earnings results on Thursday, February 25th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.88. The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.77 billion. The business’s revenue for the quarter was up 46.1% compared to the same quarter last year. During the same period last year, the company earned ($2.80) earnings per share. As a group, research analysts forecast that Wayfair Inc. will post 0.13 EPS for the current fiscal year.

About Wayfair

Wayfair Inc engages in the e-commerce business in the United States and internationally. It provides approximately twenty-two million products for the home sector under various brands. The company offers online selections of furniture, décor, housewares, and home improvement products through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold brands.

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Institutional Ownership by Quarter for Wayfair (NYSE:W)

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