Capital Fund Management S.A. bought a new stake in Wayfair Inc. (NYSE:W) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 13,432 shares of the company’s stock, valued at approximately $524,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of W. Legal & General Group Plc boosted its stake in shares of Wayfair by 46.8% in the first quarter. Legal & General Group Plc now owns 2,957 shares of the company’s stock worth $124,000 after buying an additional 943 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of Wayfair during the first quarter worth approximately $291,000. Calamos Advisors LLC boosted its stake in shares of Wayfair by 20.1% in the second quarter. Calamos Advisors LLC now owns 15,898 shares of the company’s stock worth $620,000 after buying an additional 2,662 shares during the period. Teachers Advisors Inc. boosted its stake in shares of Wayfair by 2.3% in the first quarter. Teachers Advisors Inc. now owns 30,241 shares of the company’s stock worth $1,307,000 after buying an additional 691 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Wayfair by 23.4% in the first quarter. Goldman Sachs Group Inc. now owns 50,569 shares of the company’s stock worth $2,185,000 after buying an additional 9,595 shares during the period. 71.84% of the stock is currently owned by institutional investors.
Shares of Wayfair Inc. (NYSE:W) traded up 1.11% during mid-day trading on Wednesday, reaching $36.59. The company had a trading volume of 637,512 shares. Wayfair Inc. has a 1-year low of $28.85 and a 1-year high of $50.00. The stock’s 50-day moving average price is $39.58 and its 200 day moving average price is $40.10. The company’s market capitalization is $3.11 billion.
Wayfair (NYSE:W) last posted its quarterly earnings data on Tuesday, August 9th. The company reported ($0.43) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.41) by $0.02. The business earned $755.70 million during the quarter, compared to analysts’ expectations of $782.43 million. Wayfair had a negative net margin of 4.20% and a negative return on equity of 56.95%. The firm’s quarterly revenue was up 60.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.15) earnings per share. Equities analysts expect that Wayfair Inc. will post ($1.67) EPS for the current year.
A number of equities analysts recently issued reports on W shares. Vetr cut shares of Wayfair from a “strong-buy” rating to a “buy” rating and set a $42.28 price target on the stock. in a research note on Friday, August 12th. Zacks Investment Research upgraded shares of Wayfair from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research note on Thursday, August 11th. Cowen and Company restated a “buy” rating and set a $61.00 target price on shares of Wayfair in a research note on Tuesday, June 21st. Maxim Group set a $49.00 target price on shares of Wayfair and gave the company a “buy” rating in a research note on Tuesday, August 9th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $55.00 price target on shares of Wayfair in a research report on Tuesday, October 4th. Fourteen analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $51.42.
In related news, SVP Steve Oblak sold 1,020 shares of the business’s stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $38.70, for a total transaction of $39,474.00. Following the completion of the sale, the senior vice president now directly owns 97,878 shares in the company, valued at $3,787,878.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Andrew Kumin sold 500,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $38.23, for a total value of $19,115,000.00. The disclosure for this sale can be found here. 63.94% of the stock is owned by insiders.
Wayfair Company Profile
Wayfair Inc (Wayfair) offers browsing, merchandising, product discovery and prices for a range of products from suppliers across various brands, including Wayfair.com, Joss & Main, AllModern, DwellStudio and Birch Lane. The Company offers a range of furniture, home furnishings, decor and goods. Wayfair produces editorial content both in-house and through third parties.
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