Penserra Capital Management LLC Increases Stake in Wayfair Inc. (NYSE:W)

Penserra Capital Management LLC boosted its position in shares of Wayfair Inc. (NYSE:W) by 55.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 58,579 shares of the company’s stock after buying an additional 20,920 shares during the quarter. Wayfair makes up approximately 0.9% of Penserra Capital Management LLC’s holdings, making the stock its 23rd largest holding. Penserra Capital Management LLC owned about 0.07% of Wayfair worth $3,948,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the business. State of New Jersey Common Pension Fund D lifted its stake in shares of Wayfair by 17.3% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 64,500 shares of the company’s stock valued at $4,347,000 after purchasing an additional 9,500 shares during the period. Aperio Group LLC lifted its stake in shares of Wayfair by 59.6% in the 3rd quarter. Aperio Group LLC now owns 4,516 shares of the company’s stock valued at $304,000 after purchasing an additional 1,687 shares during the period. First Trust Advisors LP lifted its stake in shares of Wayfair by 63.8% in the 3rd quarter. First Trust Advisors LP now owns 171,426 shares of the company’s stock valued at $11,554,000 after purchasing an additional 66,797 shares during the period. Mohican Financial Management LLC acquired a new position in shares of Wayfair in the 3rd quarter valued at $194,000. Finally, Ingalls & Snyder LLC lifted its stake in shares of Wayfair by 2.2% in the 3rd quarter. Ingalls & Snyder LLC now owns 117,332 shares of the company’s stock valued at $7,908,000 after purchasing an additional 2,581 shares during the period. 66.99% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Edmond Macri sold 600 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $66.36, for a total transaction of $39,816.00. Following the sale, the insider now owns 500 shares in the company, valued at approximately $33,180. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO John Champlin Mulliken sold 700 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $57.01, for a total transaction of $39,907.00. Following the sale, the chief technology officer now owns 185,128 shares in the company, valued at approximately $10,554,147.28. The disclosure for this sale can be found here. Insiders have sold a total of 324,919 shares of company stock worth $22,453,044 over the last 90 days. 56.93% of the stock is currently owned by corporate insiders.

Several brokerages recently commented on W. Credit Suisse Group AG dropped their price objective on Wayfair from $78.00 to $69.00 and set a “neutral” rating on the stock in a research note on Friday, November 3rd. Ifs Securities began coverage on Wayfair in a research note on Friday, September 1st. They set an “outperform” rating and a $85.00 price objective on the stock. Stifel Nicolaus upgraded Wayfair from a “hold” rating to a “buy” rating and increased their target price for the stock from $75.00 to $78.00 in a report on Friday, August 25th. Cowen and Company reiterated a “buy” rating and set a $72.00 target price (down previously from $82.00) on shares of Wayfair in a report on Wednesday, November 1st. Finally, Robert W. Baird restated a “hold” rating and issued a $73.00 price objective on shares of Wayfair in a report on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $76.01.

Shares of Wayfair Inc. (NYSE:W) traded up $0.97 during mid-day trading on Tuesday, reaching $62.54. 1,881,500 shares of the company’s stock were exchanged, compared to its average volume of 1,562,762. Wayfair Inc. has a twelve month low of $32.61 and a twelve month high of $84.19. The company has a quick ratio of 1.17, a current ratio of 1.19 and a debt-to-equity ratio of 135.98.

Wayfair (NYSE:W) last released its earnings results on Thursday, November 2nd. The company reported ($0.65) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.68) by $0.03. Wayfair had a negative net margin of 5.06% and a negative return on equity of 658.45%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the firm earned ($0.54) EPS. The company’s revenue was up 39.1% compared to the same quarter last year. equities analysts expect that Wayfair Inc. will post -2.58 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This story was first reported by Week Herald and is the sole property of of Week Herald. If you are reading this story on another site, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The original version of this story can be viewed at https://weekherald.com/2017/11/15/wayfair-inc-w-position-lifted-by-penserra-capital-management-llc.html.

About Wayfair

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)

Receive News & Ratings for Wayfair Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wayfair Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply