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


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Fulton Breakefield Broenniman LLC purchased a new stake in Wayfair Inc. (NYSE:W) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,571 shares of the company’s stock, valued at approximately $494,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Neo Ivy Capital Management purchased a new position in Wayfair in the fourth quarter worth approximately $26,000. Adirondack Trust Co. purchased a new stake in shares of Wayfair during the 4th quarter worth $27,000. Whittier Trust Co. grew its stake in shares of Wayfair by 12,400.0% during the fourth quarter. Whittier Trust Co. now owns 125 shares of the company’s stock worth $28,000 after purchasing an additional 124 shares in the last quarter. Avion Wealth acquired a new position in shares of Wayfair during the fourth quarter worth $29,000. Finally, Hoover Financial Advisors Inc. purchased a new position in Wayfair in the fourth quarter valued at $37,000. Hedge funds and other institutional investors own 81.27% of the company’s stock.

In other Wayfair news, CTO James R. Miller sold 1,500 shares of the company’s stock in a transaction dated Wednesday, January 13th. The shares were sold at an average price of $300.00, for a total value of $450,000.00. Following the completion of the transaction, the chief technology officer now directly owns 27,624 shares of the company’s stock, valued at approximately $8,287,200. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Niraj Shah sold 35,902 shares of the firm’s stock in a transaction dated Thursday, January 14th. The shares were sold at an average price of $349.81, for a total value of $12,558,878.62. Following the sale, the chief executive officer now owns 69,869 shares of the company’s stock, valued at $24,440,874.89. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 96,019 shares of company stock worth $32,424,667. Company insiders own 30.86% of the company’s stock.

Several research analysts have recently issued reports on the company. Cowen upped their price objective on Wayfair from $360.00 to $375.00 and gave the stock an “outperform” rating in a research report on Thursday, February 25th. TheStreet raised Wayfair from a “d+” rating to a “c” rating in a report on Monday, March 1st. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Wayfair from $325.00 to $295.00 and set a “buy” rating on the stock in a report on Friday, February 26th. Wells Fargo & Company restated an “equal weight” rating and issued a $260.00 target price (up previously from $250.00) on shares of Wayfair in a report on Thursday, February 25th. Finally, Wedbush lifted their price target on shares of Wayfair from $330.00 to $345.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 31st. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $294.16.

NYSE W opened at $327.49 on Monday. The firm has a market capitalization of $33.92 billion, a price-to-earnings ratio of -46.92, a PEG ratio of 98.63 and a beta of 3.43. Wayfair Inc. has a one year low of $73.02 and a one year high of $369.00. The company’s 50 day moving average price is $313.79 and its 200 day moving average price is $282.30.

Wayfair (NYSE:W) last announced its quarterly earnings results on Thursday, February 25th. The company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.88. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same period last year, the company posted ($2.80) earnings per share. The firm’s revenue for the quarter was up 46.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Wayfair Inc. will post 0.13 earnings per share for the current fiscal year.

Wayfair Company Profile

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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