Invst LLC Makes New $872,000 Investment in Wayfair Inc. $W

Invst LLC purchased a new stake in shares of Wayfair Inc. (NYSE:W) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 8,681 shares of the company’s stock, valued at approximately $872,000.

Several other institutional investors and hedge funds have also modified their holdings of W. Arrowstreet Capital Limited Partnership grew its holdings in shares of Wayfair by 826.0% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,817,056 shares of the company’s stock valued at $251,648,000 after acquiring an additional 2,512,854 shares in the last quarter. Voloridge Investment Management LLC purchased a new position in shares of Wayfair during the 3rd quarter valued at $108,125,000. Norges Bank purchased a new position in shares of Wayfair during the 4th quarter valued at $117,973,000. AQR Capital Management LLC grew its holdings in shares of Wayfair by 197.3% during the 2nd quarter. AQR Capital Management LLC now owns 1,557,937 shares of the company’s stock valued at $79,673,000 after acquiring an additional 1,033,865 shares in the last quarter. Finally, Holocene Advisors LP grew its holdings in shares of Wayfair by 351.9% during the 2nd quarter. Holocene Advisors LP now owns 1,294,057 shares of the company’s stock valued at $66,178,000 after acquiring an additional 1,007,676 shares in the last quarter. 89.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

W has been the topic of several research analyst reports. Mizuho lowered their price target on shares of Wayfair from $110.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, May 8th. UBS Group lowered their price target on shares of Wayfair from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Evercore set a $100.00 price target on shares of Wayfair in a report on Friday, February 20th. Wedbush decreased their price objective on shares of Wayfair from $100.00 to $85.00 and set a “neutral” rating for the company in a report on Friday, February 20th. Finally, Robert W. Baird set a $76.00 price objective on shares of Wayfair in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.89.

Wayfair Trading Down 5.5%

Shares of NYSE:W opened at $68.48 on Friday. The stock has a market capitalization of $9.04 billion, a PE ratio of -29.27, a P/E/G ratio of 3.59 and a beta of 3.02. Wayfair Inc. has a 1 year low of $44.04 and a 1 year high of $119.98. The firm has a fifty day moving average price of $70.61 and a 200 day moving average price of $86.63.

Wayfair (NYSE:W) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.26. The firm had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.89 billion. Wayfair had a negative net margin of 2.41% and a negative return on equity of 2.20%. Wayfair’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.10 earnings per share. On average, sell-side analysts forecast that Wayfair Inc. will post 0.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Wayfair news, Director Steven Conine sold 112,861 shares of the business’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $77.50, for a total transaction of $8,746,727.50. Following the completion of the transaction, the director owned 436,212 shares of the company’s stock, valued at $33,806,430. The trade was a 20.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Niraj Shah sold 113,863 shares of the business’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $77.49, for a total transaction of $8,823,243.87. Following the transaction, the chief executive officer directly owned 435,274 shares of the company’s stock, valued at approximately $33,729,382.26. This represents a 20.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 463,785 shares of company stock valued at $35,864,224 in the last quarter. Insiders own 18.44% of the company’s stock.

Wayfair Company Profile

Wayfair Inc (NYSE: W) is an e-commerce company focused on home furnishings and décor. Through its platform, Wayfair offers a broad assortment of furniture, lighting, home textiles, kitchenware and decorative accessories. The company’s portfolio includes flagship sites such as Wayfair.com, as well as specialty retail brands like Joss & Main, AllModern, Birch Lane and Perigold, each catering to distinct design styles and price points.

Founded in 2002 by Niraj Shah and Steve Conine under the name CSN Stores, the business rebranded as Wayfair in 2011 and went public in 2014.