Chemistry Wealth Management LLC Sells 994 Shares of Wayfair Inc. (NYSE:W)

Chemistry Wealth Management LLC decreased its position in shares of Wayfair Inc. (NYSE:W) by 2.8% in the 4th quarter, Holdings Channel reports. The fund owned 34,255 shares of the company’s stock after selling 994 shares during the quarter. Chemistry Wealth Management LLC’s holdings in Wayfair were worth $1,518,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in W. Creative Planning boosted its stake in Wayfair by 2.1% in the 3rd 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 boosted its stake in Wayfair by 65.5% in the 4th 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 bought a new position in Wayfair in the 3rd quarter worth about $29,000. Vanguard Personalized Indexing Management LLC boosted its stake in Wayfair by 12.3% in the 2nd 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. bought a new position in Wayfair in the 3rd quarter worth about $44,000. Institutional investors own 89.67% of the company’s stock.

Wayfair Stock Up 3.9 %

Shares of Wayfair stock opened at $45.02 on Friday. The business’s 50 day simple moving average is $45.67 and its two-hundred day simple moving average is $47.35. Wayfair Inc. has a one year low of $37.35 and a one year high of $76.18.

Wayfair (NYSE:W) last announced its quarterly earnings results on Friday, November 1st. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.09. The company had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.87 billion. Wayfair’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period last year, the firm earned ($1.38) earnings per share. On average, research analysts predict that Wayfair Inc. will post -2.91 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO Thomas Netzer sold 1,039 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $50.65, for a total transaction of $52,625.35. Following the transaction, the chief operating officer now directly owns 171,790 shares of the company’s stock, valued at approximately $8,701,163.50. The trade was a 0.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Steven Conine sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $42.31, for a total value of $1,269,300.00. Following the transaction, the insider now directly owns 179,073 shares in the company, valued at $7,576,578.63. This trade represents a 14.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 134,150 shares of company stock valued at $6,250,114 in the last ninety days. Company insiders own 23.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Needham & Company LLC restated a “buy” rating and issued a $60.00 target price on shares of Wayfair in a research note on Friday, November 1st. Robert W. Baird cut their target price on Wayfair from $56.00 to $50.00 and set a “neutral” rating for the company in a research note on Monday, November 4th. StockNews.com upgraded Wayfair from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. Royal Bank of Canada cut their target price on Wayfair from $53.00 to $50.00 and set a “sector perform” rating for the company in a research note on Monday, November 4th. Finally, Wedbush downgraded Wayfair from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $45.00 to $44.00 in a research report on Monday, January 6th. Fourteen investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Wayfair currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.24.

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.