Keybank National Association OH lifted its position in Wayfair Inc (NYSE:W) by 8.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 8,620 shares of the company’s stock after purchasing an additional 690 shares during the period. Keybank National Association OH’s holdings in Wayfair were worth $692,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Wayfair by 52.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,803 shares of the company’s stock valued at $145,000 after acquiring an additional 624 shares during the period. State Board of Administration of Florida Retirement System raised its position in shares of Wayfair by 1.6% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 51,345 shares of the company’s stock valued at $3,461,000 after acquiring an additional 800 shares during the period. DF Dent & Co. Inc. raised its position in shares of Wayfair by 19.1% in the 3rd quarter. DF Dent & Co. Inc. now owns 8,391 shares of the company’s stock valued at $566,000 after acquiring an additional 1,343 shares during the period. Delta Asset Management LLC TN raised its position in shares of Wayfair by 375.0% in the 3rd quarter. Delta Asset Management LLC TN now owns 1,900 shares of the company’s stock valued at $128,000 after acquiring an additional 1,500 shares during the period. Finally, Aperio Group LLC raised its position 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 acquiring an additional 1,687 shares during the period. Institutional investors and hedge funds own 71.30% of the company’s stock.
In related news, CFO Michael D. Fleisher sold 515 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $75.69, for a total value of $38,980.35. Following the completion of the transaction, the chief financial officer now directly owns 56,765 shares of the company’s stock, valued at $4,296,542.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Edmond Macri sold 600 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $68.80, for a total transaction of $41,280.00. Following the completion of the transaction, the insider now directly owns 500 shares of the company’s stock, valued at $34,400. The disclosure for this sale can be found here. Insiders have sold a total of 82,951 shares of company stock valued at $7,312,515 over the last ninety days. Company insiders own 56.93% of the company’s stock.
Wayfair (NYSE:W) last issued its quarterly earnings results on Thursday, February 22nd. The company reported ($0.83) earnings per share for the quarter, missing the consensus estimate of ($0.79) by ($0.04). The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.36 billion. Wayfair had a negative return on equity of 658.45% and a negative net margin of 5.06%. Wayfair’s revenue was up 46.2% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.34) earnings per share. equities research analysts predict that Wayfair Inc will post -2.78 earnings per share for the current fiscal year.
A number of analysts recently weighed in on W shares. Zacks Investment Research downgraded shares of Wayfair from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Cowen reissued a “buy” rating on shares of Wayfair in a research note on Friday, January 12th. Stifel Nicolaus cut Wayfair from a “buy” rating to a “hold” rating and increased their target price for the stock from $82.00 to $90.00 in a research note on Monday, January 22nd. They noted that the move was a valuation call. Canaccord Genuity reissued a “buy” rating and set a $90.00 target price on shares of Wayfair in a research note on Thursday, November 2nd. Finally, Wedbush reissued an “outperform” rating on shares of Wayfair in a research note on Wednesday, December 27th. Fourteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $83.80.
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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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