2 weeks Ago By ABMN Staff
Maverick Capital Ltd. lifted its stake in Wayfair Inc. ( NYSE:W – Free Report ) by 46.
2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 721,618 shares of the company’s stock after acquiring an additional 227,908 shares during the quarter. Maverick Capital Ltd.
owned approximately 0.60% of Wayfair worth $38,051,000 as of its most recent SEC filing. A number of other hedge funds and other institutional investors have also modified their holdings of W.
Norges Bank acquired a new stake in shares of Wayfair in the fourth quarter valued at about $47,374,000. Corient Private Wealth LLC increased its position in shares of Wayfair by 29.7% in the fourth quarter.
Corient Private Wealth LLC now owns 23,314 shares of the company’s stock valued at $1,438,000 after acquiring an additional 5,334 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Wayfair in the fourth quarter valued at about $201,000. Hsbc Holdings PLC increased its position in shares of Wayfair by 33.
7% in the fourth quarter. Hsbc Holdings PLC now owns 72,717 shares of the company’s stock valued at $4,518,000 after acquiring an additional 18,316 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its position in shares of Wayfair by 1.
0% in the fourth quarter. Treasurer of the State of North Carolina now owns 36,486 shares of the company’s stock valued at $2,251,000 after acquiring an additional 360 shares during the last quarter. Institutional investors and hedge funds own 89.
67% of the company’s stock. Analysts Set New Price Targets A number of research firms recently issued reports on W. StockNews.
com raised Wayfair from a “sell” rating to a “hold” rating in a research report on Monday, August 5th. Wedbush reduced their price target on Wayfair from $70.00 to $60.
00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Bank of America cut Wayfair from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $85.00 to $58.
00 in a report on Thursday, August 1st. Raymond James reduced their price target on Wayfair from $70.00 to $65.
00 and set a “strong-buy” rating for the company in a report on Friday, August 2nd. Finally, Royal Bank of Canada reduced their price target on Wayfair from $65.00 to $53.
00 and set a “sector perform” rating for the company in a report on Friday, August 2nd. Twelve investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.
com, the stock presently has an average rating of “Moderate Buy” and an average price target of $65.83. Wayfair Price Performance Wayfair stock opened at $54.
15 on Friday. The firm has a market cap of $6.69 billion, a PE ratio of -10.
10 and a beta of 3.40. The stock’s fifty day moving average price is $46.
36 and its two-hundred day moving average price is $54.68. Wayfair Inc.
has a one year low of $38.02 and a one year high of $76.18.
Wayfair ( NYSE:W – Get Free Report ) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.
50 by ($0.03). The company had revenue of $3.
18 billion during the quarter, compared to analyst estimates of $3.18 billion. During the same period in the previous year, the business posted ($1.
27) earnings per share. The firm’s quarterly revenue was up .2% compared to the same quarter last year.
Sell-side analysts expect that Wayfair Inc. will post -2.66 earnings per share for the current fiscal year.
Insider Activity In related news, COO Thomas Netzer sold 1,011 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $49.42, for a total transaction of $49,963.
62. Following the sale, the chief operating officer now owns 151,802 shares in the company, valued at approximately $7,502,054.84.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink . In other news, COO Thomas Netzer sold 1,011 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $49.
42, for a total transaction of $49,963.62. Following the completion of the transaction, the chief operating officer now owns 151,802 shares of the company’s stock, valued at approximately $7,502,054.
84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link . Also, insider Jon Blotner sold 4,801 shares of Wayfair stock in a transaction dated Tuesday, July 2nd.
The shares were sold at an average price of $50.95, for a total value of $244,610.95.
Following the completion of the transaction, the insider now owns 53,152 shares in the company, valued at approximately $2,708,094.40. The disclosure for this sale can be found here .
In the last ninety days, insiders sold 41,113 shares of company stock worth $2,126,623. 26.81% of the stock is currently owned by corporate insiders.
Wayfair Profile ( Free Report ) 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.
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