Wayfair Inc. (W) Stake Boosted by Renaissance Technologies LLC

Renaissance Technologies LLC increased its stake in shares of Wayfair Inc. (NYSE:W) by 818.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 338,000 shares of the company’s stock after acquiring an additional 301,200 shares during the period. Renaissance Technologies LLC owned about 0.39% of Wayfair worth $25,985,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its position in Wayfair by 96.2% during the second quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock worth $105,000 after buying an additional 667 shares during the last quarter. UBS Group AG increased its position in Wayfair by 55.5% during the first quarter. UBS Group AG now owns 2,690 shares of the company’s stock worth $109,000 after buying an additional 960 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new position in Wayfair during the first quarter worth approximately $110,000. FNY Partners Fund LP increased its position in Wayfair by 2,900.0% during the first quarter. FNY Partners Fund LP now owns 3,000 shares of the company’s stock worth $121,000 after buying an additional 2,900 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new position in Wayfair during the first quarter worth approximately $137,000. Institutional investors and hedge funds own 65.93% of the company’s stock.

A number of equities analysts have weighed in on the company. Piper Jaffray Companies set a $87.00 price target on Wayfair and gave the stock a “buy” rating in a research report on Friday, July 28th. Buckingham Research reissued a “buy” rating and set a $95.00 price target on shares of Wayfair in a research report on Thursday, August 10th. Oppenheimer Holdings, Inc. set a $88.00 price target on Wayfair and gave the stock a “buy” rating in a research report on Friday, August 4th. Canaccord Genuity reissued a “buy” rating and set a $90.00 price target on shares of Wayfair in a research report on Sunday, October 1st. Finally, Gordon Haskett downgraded Wayfair from a “buy” rating to an “accumulate” rating and upped their target price for the company from $70.00 to $85.00 in a research report on Tuesday, June 27th. Nine equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Wayfair has a consensus rating of “Buy” and an average price target of $77.07.

In other news, insider Edmond Macri sold 1,571 shares of the business’s stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $70.03, for a total transaction of $110,017.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO James Savarese sold 1,216 shares of the business’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $71.27, for a total transaction of $86,664.32. The disclosure for this sale can be found here. Insiders have sold a total of 663,087 shares of company stock valued at $48,669,412 over the last 90 days. Company insiders own 56.93% of the company’s stock.

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Shares of Wayfair Inc. (NYSE W) opened at 67.76 on Wednesday. The company has a 50 day moving average price of $73.29 and a 200 day moving average price of $66.57. The company’s market capitalization is $5.91 billion. Wayfair Inc. has a 52 week low of $27.60 and a 52 week high of $84.19.

Wayfair (NYSE:W) last released its quarterly earnings data on Tuesday, August 8th. The company reported ($0.26) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.69) by $0.43. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.06 billion. Wayfair had a negative net margin of 5.10% and a negative return on equity of 335.44%. Wayfair’s revenue was up 42.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.43) EPS. On average, equities research analysts expect that Wayfair Inc. will post ($1.45) earnings per share for the current year.

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.

Institutional Ownership by Quarter for Wayfair (NYSE:W)

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