DF Dent & Co. Inc. increased its stake in shares of Wayfair Inc. (NYSE:W) by 19.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,391 shares of the company’s stock after buying an additional 1,343 shares during the quarter. DF Dent & Co. Inc.’s holdings in Wayfair were worth $566,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in W. Renaissance Technologies LLC grew its holdings in shares of Wayfair by 46.6% during the first quarter. Renaissance Technologies LLC now owns 36,800 shares of the company’s stock valued at $1,490,000 after buying an additional 11,700 shares during the last quarter. Aperio Group LLC purchased a new stake in shares of Wayfair during the second quarter valued at $217,000. Public Employees Retirement Association of Colorado purchased a new stake in shares of Wayfair during the second quarter valued at $546,000. CIBC Asset Management Inc purchased a new stake in shares of Wayfair during the second quarter valued at $208,000. Finally, Sei Investments Co. grew its holdings in shares of Wayfair by 3,118.2% during the second quarter. Sei Investments Co. now owns 6,887 shares of the company’s stock valued at $529,000 after buying an additional 6,673 shares during the last quarter. 66.97% of the stock is currently owned by hedge funds and other institutional investors.
W has been the subject of a number of research reports. Zacks Investment Research downgraded shares of Wayfair from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Piper Jaffray Companies restated a “buy” rating and set a $89.00 target price on shares of Wayfair in a research report on Friday, September 8th. Oppenheimer set a $88.00 target price on shares of Wayfair and gave the company a “buy” rating in a research report on Wednesday, October 18th. Wedbush restated an “outperform” rating and set a $82.00 target price on shares of Wayfair in a research report on Wednesday, October 4th. Finally, Gordon Haskett upgraded shares of Wayfair from an “accumulate” rating to a “buy” rating and set a $89.00 target price for the company in a research report on Tuesday, September 5th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $76.01.
Shares of Wayfair Inc. (W) traded down $2.14 during trading on Wednesday, hitting $72.45. 935,600 shares of the company’s stock were exchanged, compared to its average volume of 1,535,423. Wayfair Inc. has a 1-year low of $34.30 and a 1-year high of $84.19. The company has a debt-to-equity ratio of 135.98, a current ratio of 1.19 and a quick ratio of 1.17.
Wayfair (NYSE:W) last issued its quarterly earnings data on Thursday, November 2nd. The company reported ($0.65) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.03. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.21 billion. Wayfair had a negative net margin of 5.06% and a negative return on equity of 658.45%. The company’s revenue was up 39.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.54) earnings per share. sell-side analysts predict that Wayfair Inc. will post -2.63 earnings per share for the current year.
In other news, insider John Champlin Mulliken sold 5,575 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $79.57, for a total transaction of $443,602.75. Following the completion of the sale, the insider now owns 184,101 shares of the company’s stock, valued at $14,648,916.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Niraj Shah sold 1,216 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $79.97, for a total transaction of $97,243.52. Following the sale, the chief executive officer now directly owns 21,572 shares of the company’s stock, valued at approximately $1,725,112.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,351 shares of company stock valued at $4,016,558. Insiders own 56.93% of the company’s stock.
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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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