Chemistry Wealth Management LLC Has $1.52 Million Stock Position in Wayfair Inc. (NYSE:W)

Chemistry Wealth Management LLC lowered its stake in Wayfair Inc. (NYSE:W) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,255 shares of the company’s stock after selling 994 shares during the period. Chemistry Wealth Management LLC’s holdings in Wayfair were worth $1,518,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in W. Creative Planning lifted its holdings in shares of Wayfair by 2.1% during the third quarter. Creative Planning now owns 13,261 shares of the company’s stock worth $745,000 after purchasing an additional 272 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Wayfair by 65.5% during the fourth quarter. GAMMA Investing LLC now owns 710 shares of the company’s stock worth $31,000 after purchasing an additional 281 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of Wayfair during the third quarter worth $29,000. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Wayfair by 12.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 7,217 shares of the company’s stock worth $381,000 after purchasing an additional 788 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Wayfair during the third quarter worth $44,000. Institutional investors and hedge funds own 89.67% of the company’s stock.

Wayfair Stock Performance

W stock opened at $45.02 on Friday. Wayfair Inc. has a twelve month low of $37.35 and a twelve month high of $76.18. The stock’s 50 day moving average is $45.67 and its 200-day moving average is $47.35.

Wayfair (NYSE:W) last issued its quarterly earnings data on Friday, November 1st. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.09. The company had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter last year, the business posted ($1.38) earnings per share. Wayfair’s revenue was down 2.0% on a year-over-year basis. As a group, equities analysts predict that Wayfair Inc. will post -2.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on W. StockNews.com upgraded shares of Wayfair from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. UBS Group dropped their target price on shares of Wayfair from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. Loop Capital boosted their target price on shares of Wayfair from $50.00 to $55.00 and gave the company a “hold” rating in a report on Monday, December 16th. Robert W. Baird dropped their target price on shares of Wayfair from $56.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. Finally, Truist Financial dropped their target price on shares of Wayfair from $60.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Fourteen investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $60.24.

Insiders Place Their Bets

In other news, insider Jon Blotner sold 5,669 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $42.83, for a total transaction of $242,803.27. Following the completion of the sale, the insider now directly owns 57,899 shares of the company’s stock, valued at $2,479,814.17. This trade represents a 8.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Thomas Netzer sold 1,039 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $50.65, for a total value of $52,625.35. Following the sale, the chief operating officer now directly owns 171,790 shares of the company’s stock, valued at approximately $8,701,163.50. This represents a 0.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 134,150 shares of company stock valued at $6,250,114. Corporate insiders own 23.50% of the company’s stock.

Wayfair Company 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.