Parametric Portfolio Associates LLC lowered its stake in Wayfair Inc. (NYSE:W) by 29.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,950 shares of the company’s stock after selling 15,335 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in Wayfair were worth $2,764,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of W. Vanguard Group Inc. lifted its holdings in Wayfair by 16.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,028,832 shares of the company’s stock valued at $232,857,000 after acquiring an additional 423,631 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in Wayfair by 18,904.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 274,239 shares of the company’s stock valued at $21,089,000 after acquiring an additional 272,796 shares during the last quarter. FMR LLC lifted its holdings in Wayfair by 2.7% in the 2nd quarter. FMR LLC now owns 7,757,688 shares of the company’s stock valued at $596,411,000 after acquiring an additional 207,443 shares during the last quarter. Allen Investment Management LLC lifted its holdings in Wayfair by 25.7% in the 2nd quarter. Allen Investment Management LLC now owns 880,000 shares of the company’s stock valued at $67,654,000 after acquiring an additional 180,000 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Wayfair by 480.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 201,769 shares of the company’s stock valued at $8,170,000 after acquiring an additional 167,034 shares during the last quarter. 66.24% of the stock is owned by institutional investors and hedge funds.
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Wayfair Inc. (W) opened at $67.50 on Friday. Wayfair Inc. has a twelve month low of $27.60 and a twelve month high of $84.19. The company has a current ratio of 0.70, a quick ratio of 0.67 and a debt-to-equity ratio of 6.93.
Wayfair (NYSE:W) last issued its earnings results on Thursday, November 2nd. The company reported ($0.65) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.03. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.21 billion. Wayfair had a negative return on equity of 505.51% and a negative net margin of 5.06%. The firm’s quarterly revenue was up 39.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.54) EPS. equities analysts anticipate that Wayfair Inc. will post -2.27 EPS for the current year.
A number of equities research analysts have weighed in on W shares. Wolfe Research reissued an “outperform” rating on shares of Wayfair in a report on Wednesday, August 9th. KeyCorp reissued a “hold” rating on shares of Wayfair in a report on Friday, September 29th. BidaskClub downgraded shares of Wayfair from a “strong-buy” rating to a “buy” rating in a report on Friday, August 4th. Ifs Securities started coverage on shares of Wayfair in a report on Friday, September 1st. They issued an “outperform” rating and a $85.00 price target for the company. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $89.00 price target on shares of Wayfair in a report on Friday, September 8th. Nine investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $76.01.
In related news, CEO Niraj Shah sold 55,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $76.65, for a total value of $4,215,750.00. Following the completion of the sale, the chief executive officer now owns 72,630 shares of the company’s stock, valued at approximately $5,567,089.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider John Champlin Mulliken sold 941 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $62.37, for a total value of $58,690.17. Following the completion of the sale, the insider now directly owns 1,000 shares of the company’s stock, valued at approximately $62,370. The disclosure for this sale can be found here. Insiders sold a total of 420,752 shares of company stock worth $29,788,852 in the last quarter. 56.93% of the stock is owned by corporate insiders.
Wayfair Company 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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