Wayfair Inc (W) Position Cut by Wasatch Advisors Inc.

Wasatch Advisors Inc. reduced its position in Wayfair Inc (NYSE:W) by 5.1% in the 4th quarter, Holdings Channel reports. The firm owned 1,151,675 shares of the company’s stock after selling 61,689 shares during the period. Wayfair makes up about 1.2% of Wasatch Advisors Inc.’s portfolio, making the stock its 24th largest position. Wasatch Advisors Inc.’s holdings in Wayfair were worth $92,445,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its position in Wayfair by 4.9% during the second quarter. Bank of New York Mellon Corp now owns 135,453 shares of the company’s stock worth $10,413,000 after acquiring an additional 6,266 shares during the last quarter. Legal & General Group Plc lifted its position in Wayfair by 15.2% during the second quarter. Legal & General Group Plc now owns 13,283 shares of the company’s stock worth $1,021,000 after acquiring an additional 1,754 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in Wayfair by 96.2% during the second quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock worth $105,000 after acquiring an additional 667 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in Wayfair during the second quarter worth approximately $249,000. Finally, Swiss National Bank lifted its position in Wayfair by 19.0% during the second quarter. Swiss National Bank now owns 58,200 shares of the company’s stock worth $4,474,000 after acquiring an additional 9,300 shares during the last quarter. Institutional investors and hedge funds own 66.97% of the company’s stock.

Several equities research analysts have issued reports on the stock. Canaccord Genuity restated a “buy” rating and set a $90.00 price objective on shares of Wayfair in a research report on Sunday, October 1st. Piper Jaffray Companies set a $89.00 price objective on shares of Wayfair and gave the stock a “buy” rating in a research report on Sunday, October 1st. Citigroup cut their price objective on shares of Wayfair from $80.00 to $66.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. DA Davidson reiterated a “hold” rating and issued a $60.00 price target on shares of Wayfair in a research report on Friday, November 3rd. Finally, Wedbush dropped their price target on shares of Wayfair from $82.00 to $72.00 and set an “outperform” rating for the company in a research report on Friday, November 3rd. Twelve analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $77.64.

In other Wayfair news, insider Edmond Macri sold 600 shares of the business’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $81.89, for a total transaction of $49,134.00. Following the sale, the insider now owns 804 shares of the company’s stock, valued at $65,839.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Niraj Shah sold 1,228 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $64.00, for a total transaction of $78,592.00. Following the sale, the chief executive officer now directly owns 61,642 shares in the company, valued at approximately $3,945,088. The disclosure for this sale can be found here. Insiders sold 52,063 shares of company stock worth $3,781,360 over the last three months. 56.93% of the stock is currently owned by insiders.

Wayfair Inc (W) traded down $1.08 during midday trading on Tuesday, hitting $84.50. 1,115,935 shares of the stock were exchanged, compared to its average volume of 1,440,000. The company has a current ratio of 1.19, a quick ratio of 1.17 and a debt-to-equity ratio of 135.98. Wayfair Inc has a 52 week low of $35.36 and a 52 week high of $88.06. The firm has a market capitalization of $7,420.00, a P/E ratio of -33.94 and a beta of 0.96.

Wayfair (NYSE:W) last announced its quarterly earnings data on Thursday, November 2nd. The company reported ($0.65) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.03. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Wayfair had a negative net margin of 5.06% and a negative return on equity of 658.45%. The firm’s quarterly revenue was up 39.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.54) earnings per share. research analysts predict that Wayfair Inc will post -2.78 earnings per share for the current year.

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Wayfair Profile

Wayfair Inc (Wayfair) offers browsing, merchandising and product discovery for a range of products from various suppliers. The Company operates through two segments: U.S. and International. The U.S. segment consists of amounts earned through product sales through the Company’s five sites in the United States and through sites operated by third parties in the United States.

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Institutional Ownership by Quarter for Wayfair (NYSE:W)

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