Westside Investment Management Inc. bought a new stake in shares of Wayfair Inc (NYSE:W) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 8,350 shares of the company’s stock, valued at approximately $693,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in W. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings 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 worth $145,000 after buying an additional 624 shares during the last quarter. Guggenheim Capital LLC increased its holdings in shares of Wayfair by 7.3% in the 4th quarter. Guggenheim Capital LLC now owns 9,629 shares of the company’s stock worth $773,000 after buying an additional 654 shares during the last quarter. Advisor Group Inc. increased its holdings in shares of Wayfair by 19.8% in the 4th quarter. Advisor Group Inc. now owns 4,023 shares of the company’s stock worth $323,000 after buying an additional 666 shares during the last quarter. Keybank National Association OH increased its holdings in shares of Wayfair by 8.7% in the 4th quarter. Keybank National Association OH now owns 8,620 shares of the company’s stock worth $692,000 after buying an additional 690 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Wayfair by 78.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,403 shares of the company’s stock worth $193,000 after buying an additional 1,056 shares during the last quarter. Institutional investors own 70.84% of the company’s stock.
Shares of Wayfair stock traded down $0.90 during midday trading on Monday, reaching $78.05. 403,743 shares of the company were exchanged, compared to its average volume of 1,866,429. Wayfair Inc has a 12-month low of $36.93 and a 12-month high of $100.14. The stock has a market capitalization of $6,963.94, a P/E ratio of -27.68 and a beta of 1.25. The company has a debt-to-equity ratio of -8.60, a current ratio of 1.10 and a quick ratio of 1.07.
A number of analysts have recently weighed in on W shares. Moffett Nathanson started coverage on shares of Wayfair in a report on Monday, December 4th. They issued a “buy” rating on the stock. Piper Jaffray Companies restated a “buy” rating and issued a $89.00 target price on shares of Wayfair in a report on Wednesday, December 13th. Stifel Nicolaus boosted their target price on shares of Wayfair from $72.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, December 15th. Wedbush restated an “outperform” rating on shares of Wayfair in a report on Wednesday, December 27th. Finally, Bank of America downgraded shares of Wayfair from a “buy” rating to a “neutral” rating and set a $88.00 target price on the stock. in a report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $85.90.
In other news, insider John Champlin Mulliken sold 700 shares of the firm’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $78.91, for a total value of $55,237.00. Following the transaction, the insider now directly owns 55,926 shares of the company’s stock, valued at $4,413,120.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Michael D. Fleisher sold 4,698 shares of the firm’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $80.63, for a total transaction of $378,799.74. Following the completion of the transaction, the chief financial officer now directly owns 65,717 shares in the company, valued at $5,298,761.71. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 13,600 shares of company stock worth $1,053,632 and have sold 80,126 shares worth $7,253,519. Company insiders own 56.93% of the company’s stock.
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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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