Nan Fung Trinity HK Ltd. Acquires 51,800 Shares of Wayfair Inc. (NYSE:W)

Nan Fung Trinity HK Ltd. raised its holdings in shares of Wayfair Inc. (NYSE:W) by 25.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 257,700 shares of the company’s stock after acquiring an additional 51,800 shares during the quarter. Wayfair comprises approximately 2.3% of Nan Fung Trinity HK Ltd.’s portfolio, making the stock its 14th biggest holding. Nan Fung Trinity HK Ltd. owned approximately 0.21% of Wayfair worth $11,421,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new stake in shares of Wayfair in the third quarter worth about $29,000. GAMMA Investing LLC increased its holdings in 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. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Wayfair in the 3rd quarter worth approximately $44,000. Brooklyn Investment Group bought a new position in Wayfair in the 3rd quarter valued at $50,000. Finally, Venturi Wealth Management LLC purchased a new position in shares of Wayfair during the 4th quarter valued at $45,000. Hedge funds and other institutional investors own 89.67% of the company’s stock.

Insider Buying and Selling

In other Wayfair news, CTO Fiona Tan sold 8,249 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $44.91, for a total transaction of $370,462.59. Following the transaction, the chief technology officer now owns 96,557 shares in the company, valued at approximately $4,336,374.87. This represents a 7.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven Conine sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $53.14, for a total value of $1,594,200.00. Following the completion of the transaction, the insider now owns 632,573 shares of the company’s stock, valued at approximately $33,614,929.22. The trade was a 4.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 164,228 shares of company stock valued at $7,830,018 over the last quarter. 26.81% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on W shares. Truist Financial lowered their price objective on Wayfair from $55.00 to $53.00 and set a “buy” rating on the stock in a research report on Friday. Piper Sandler set a $58.00 price target on Wayfair and gave the company an “overweight” rating in a report on Friday. StockNews.com raised Wayfair from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Citigroup lowered their target price on shares of Wayfair from $70.00 to $54.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Finally, BMO Capital Markets boosted their price target on shares of Wayfair from $50.00 to $55.00 and gave the stock a “market perform” rating in a research note on Friday. Fourteen analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Wayfair currently has an average rating of “Moderate Buy” and an average price target of $58.40.

Wayfair Trading Down 9.0 %

W stock opened at $41.92 on Friday. The firm’s 50-day moving average price is $46.22 and its two-hundred day moving average price is $46.51. The stock has a market capitalization of $5.25 billion, a price-to-earnings ratio of -10.43 and a beta of 3.43. Wayfair Inc. has a 12-month low of $37.35 and a 12-month high of $76.18.

Wayfair (NYSE:W) last released its quarterly earnings results on Thursday, February 20th. The company reported ($0.96) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($1.01). The business had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.07 billion. Equities analysts predict that Wayfair Inc. will post -2.54 EPS for the current year.

About Wayfair

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.