Goldman Sachs Group Inc. boosted its stake in shares of Wayfair Inc. (NYSE:W) by 53.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 309,314 shares of the company’s stock after purchasing an additional 107,545 shares during the quarter. Goldman Sachs Group Inc. owned 0.35% of Wayfair worth $23,780,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in W. Wells Fargo & Company MN raised its stake in shares of Wayfair by 3.8% in the 1st quarter. Wells Fargo & Company MN now owns 41,065 shares of the company’s stock valued at $1,663,000 after buying an additional 1,518 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Wayfair by 2.5% in the 1st quarter. Bank of New York Mellon Corp now owns 129,187 shares of the company’s stock valued at $5,231,000 after buying an additional 3,160 shares in the last quarter. Swiss National Bank raised its stake in shares of Wayfair by 7.2% in the 1st quarter. Swiss National Bank now owns 48,900 shares of the company’s stock valued at $1,980,000 after buying an additional 3,300 shares in the last quarter. Ameriprise Financial Inc. acquired a new position in shares of Wayfair in the 1st quarter valued at $1,650,000. Finally, Parametric Portfolio Associates LLC raised its stake in shares of Wayfair by 407.4% in the 1st quarter. Parametric Portfolio Associates LLC now owns 51,285 shares of the company’s stock valued at $2,077,000 after buying an additional 41,178 shares in the last quarter. Hedge funds and other institutional investors own 66.15% of the company’s stock.
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In other news, insider Edmond Macri sold 600 shares of the business’s stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $65.76, for a total transaction of $39,456.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Michael D. Fleisher sold 4,719 shares of the business’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $82.35, for a total value of $388,609.65. Following the sale, the chief financial officer now owns 50,844 shares in the company, valued at $4,187,003.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 712,551 shares of company stock worth $52,425,648. Company insiders own 56.93% of the company’s stock.
Shares of Wayfair Inc. (NYSE W) opened at 69.18 on Friday. Wayfair Inc. has a one year low of $27.60 and a one year high of $84.19. The firm’s 50-day moving average is $73.05 and its 200-day moving average is $65.96. The company’s market cap is $6.03 billion.
Wayfair (NYSE:W) last released its earnings results on Tuesday, August 8th. The company reported ($0.26) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.69) by $0.43. Wayfair had a negative return on equity of 335.44% and a negative net margin of 5.10%. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the business posted ($0.43) earnings per share. The business’s revenue for the quarter was up 42.7% on a year-over-year basis. Analysts expect that Wayfair Inc. will post ($1.45) EPS for the current fiscal year.
A number of equities analysts have recently issued reports on the stock. Piper Jaffray Companies set a $87.00 price objective on shares of Wayfair and gave the company a “buy” rating in a research note on Saturday, July 1st. Buckingham Research restated a “buy” rating and issued a $95.00 price objective (up previously from $72.00) on shares of Wayfair in a research note on Thursday, July 13th. They noted that the move was a valuation call. DA Davidson assumed coverage on shares of Wayfair in a research note on Wednesday, September 13th. They issued a “neutral” rating and a $78.00 price objective for the company. Maxim Group cut shares of Wayfair from a “buy” rating to a “hold” rating and increased their price objective for the company from $27.60 to $76.17 in a research note on Monday, June 19th. They noted that the move was a valuation call. Finally, Oppenheimer Holdings, Inc. set a $88.00 price objective on shares of Wayfair and gave the company a “buy” rating in a research note on Friday, August 4th. Nine analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Wayfair currently has a consensus rating of “Buy” and a consensus target price of $77.07.
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.
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