Tidal Investments LLC Has $1.22 Million Stock Holdings in Wayfair Inc. (NYSE:W)

Tidal Investments LLC grew its position in Wayfair Inc. (NYSE:W) by 18.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,665 shares of the company’s stock after purchasing an additional 3,320 shares during the quarter. Tidal Investments LLC’s holdings in Wayfair were worth $1,217,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Capital Performance Advisors LLP acquired a new stake in Wayfair in the 3rd quarter valued at approximately $29,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Wayfair during the third quarter worth $44,000. Brooklyn Investment Group acquired a new position in Wayfair during the 3rd quarter valued at $50,000. International Assets Investment Management LLC bought a new stake in Wayfair in the 2nd quarter valued at $58,000. Finally, Northwest & Ethical Investments L.P. bought a new position in shares of Wayfair during the 3rd quarter worth about $67,000. 89.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Wayfair

In other Wayfair news, insider Jon Blotner sold 4,600 shares of the company’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $53.60, for a total transaction of $246,560.00. Following the completion of the sale, the insider now owns 52,078 shares in the company, valued at approximately $2,791,380.80. The trade was a 8.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kate Gulliver sold 7,330 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $53.05, for a total value of $388,856.50. Following the completion of the transaction, the chief financial officer now owns 117,947 shares in the company, valued at $6,257,088.35. This represents a 5.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 97,896 shares of company stock worth $4,869,409. Insiders own 26.81% of the company’s stock.

Wayfair Stock Down 9.9 %

Shares of NYSE:W opened at $45.45 on Thursday. The firm has a market cap of $5.70 billion, a P/E ratio of -10.12 and a beta of 3.44. Wayfair Inc. has a 12 month low of $37.35 and a 12 month high of $76.18. The company’s 50-day moving average price is $46.50 and its two-hundred day moving average price is $48.77.

Wayfair (NYSE:W) last released its quarterly earnings results on Friday, November 1st. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.13 by $0.09. The company had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.87 billion. Wayfair’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period last year, the company earned ($1.38) earnings per share. As a group, equities analysts predict that Wayfair Inc. will post -2.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on W. BMO Capital Markets decreased their target price on Wayfair from $58.00 to $50.00 and set a “market perform” rating on the stock in a research report on Monday, November 4th. Mizuho lowered their price objective on Wayfair from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Citigroup reduced their target price on Wayfair from $70.00 to $54.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Wayfair from $69.00 to $46.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Finally, Argus downgraded shares of Wayfair from a “buy” rating to a “hold” rating in a report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.28.

About Wayfair

Wayfair Inc provides e-commerce business in the United States and internationally. The company offers approximately thirty million products for the home sector. It offers online selections of furniture, décor, housewares, and home improvement products through its sites consisting of Wayfair, Joss & Main, AllModern, Birch Lane, Perigold, and Wayfair Professional.