Check Capital Management Inc. CA Has $9.15 Million Stake in Wayfair Inc. (NYSE:W)

Check Capital Management Inc. CA decreased its stake in shares of Wayfair Inc. (NYSE:W) by 6.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 148,304 shares of the company’s stock after selling 9,477 shares during the quarter. Wayfair comprises approximately 0.3% of Check Capital Management Inc. CA’s investment portfolio, making the stock its 13th largest holding. Check Capital Management Inc. CA’s holdings in Wayfair were worth $9,150,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Flynn Zito Capital Management LLC acquired a new stake in shares of Wayfair during the 4th quarter worth approximately $249,000. Daiwa Securities Group Inc. grew its position in shares of Wayfair by 243.8% during the 4th quarter. Daiwa Securities Group Inc. now owns 7,714 shares of the company’s stock worth $476,000 after buying an additional 5,470 shares during the period. Rothschild & Co Wealth Management UK Ltd grew its position in shares of Wayfair by 5.2% during the 4th quarter. Rothschild & Co Wealth Management UK Ltd now owns 207,533 shares of the company’s stock worth $12,805,000 after buying an additional 10,266 shares during the period. Ingalls & Snyder LLC grew its position in shares of Wayfair by 0.6% during the 4th quarter. Ingalls & Snyder LLC now owns 96,164 shares of the company’s stock worth $5,933,000 after buying an additional 535 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Wayfair by 31.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 398,795 shares of the company’s stock worth $24,606,000 after buying an additional 94,540 shares during the period. Institutional investors and hedge funds own 89.67% of the company’s stock.

Wayfair Price Performance

W stock traded down $1.08 during mid-day trading on Friday, reaching $53.66. 3,265,537 shares of the company traded hands, compared to its average volume of 4,274,294. The company has a market capitalization of $6.46 billion, a P/E ratio of -8.39 and a beta of 3.29. Wayfair Inc. has a 52-week low of $29.51 and a 52-week high of $90.71. The company has a fifty day moving average price of $59.42 and a 200-day moving average price of $55.17.

Wayfair (NYSE:W) last posted its earnings results on Thursday, February 22nd. The company reported ($1.46) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.54) by $0.08. The company had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $3.10 billion. As a group, analysts forecast that Wayfair Inc. will post -3.37 EPS for the current year.

Insider Transactions at Wayfair

In related news, CEO Niraj Shah sold 1,700 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $52.02, for a total value of $88,434.00. Following the completion of the sale, the chief executive officer now owns 267,437 shares in the company, valued at approximately $13,912,072.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Wayfair news, insider Jon Blotner sold 3,492 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $50.34, for a total value of $175,787.28. Following the completion of the sale, the insider now owns 32,118 shares in the company, valued at $1,616,820.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Niraj Shah sold 1,700 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $52.02, for a total value of $88,434.00. Following the completion of the sale, the chief executive officer now owns 267,437 shares of the company’s stock, valued at approximately $13,912,072.74. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 89,808 shares of company stock valued at $5,445,222. 26.81% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

W has been the subject of several recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $75.00 price objective on shares of Wayfair in a research report on Thursday, February 22nd. Truist Financial cut their target price on Wayfair from $65.00 to $63.00 and set a “buy” rating on the stock in a report on Friday, February 23rd. Mizuho started coverage on Wayfair in a report on Tuesday, March 19th. They issued a “buy” rating and a $72.00 target price on the stock. StockNews.com upgraded Wayfair from a “sell” rating to a “hold” rating in a research note on Friday, March 29th. Finally, Evercore ISI upgraded Wayfair from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $65.00 to $80.00 in a research note on Thursday, April 4th. Ten investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $77.03.

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.