Tower Research Capital LLC TRC raised its position in Wayfair Inc (NYSE:W) by 78.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,403 shares of the company’s stock after purchasing an additional 1,056 shares during the period. Tower Research Capital LLC TRC’s holdings in Wayfair were worth $193,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Baillie Gifford & Co. grew its holdings in shares of Wayfair by 1.3% in the 3rd quarter. Baillie Gifford & Co. now owns 1,938,701 shares of the company’s stock valued at $130,669,000 after acquiring an additional 24,027 shares in the last quarter. Artisan Partners Limited Partnership bought a new position in shares of Wayfair in the 3rd quarter valued at about $81,855,000. Allen Investment Management LLC grew its holdings in shares of Wayfair by 11.4% in the 3rd quarter. Allen Investment Management LLC now owns 980,000 shares of the company’s stock valued at $66,052,000 after acquiring an additional 100,000 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Wayfair by 331.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 583,843 shares of the company’s stock valued at $39,351,000 after acquiring an additional 448,390 shares in the last quarter. Finally, American Century Companies Inc. bought a new position in shares of Wayfair in the 4th quarter valued at about $37,836,000. 71.30% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Steven Conine sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $93.77, for a total transaction of $187,540.00. Following the completion of the sale, the insider now owns 34,894 shares in the company, valued at $3,272,010.38. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Michael D. Fleisher sold 515 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $75.69, for a total value of $38,980.35. Following the sale, the chief financial officer now owns 56,765 shares of the company’s stock, valued at approximately $4,296,542.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 82,351 shares of company stock valued at $7,271,235. Corporate insiders own 56.93% of the company’s stock.
Wayfair Inc (W) opened at $76.27 on Wednesday. Wayfair Inc has a 1-year low of $35.36 and a 1-year high of $100.14. 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 posted its quarterly earnings results on Thursday, February 22nd. The company reported ($0.83) EPS for the quarter, missing analysts’ consensus estimates of ($0.79) by ($0.04). Wayfair had a negative return on equity of 1,424.62% and a negative net margin of 5.18%. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the business posted ($0.34) EPS. The company’s revenue for the quarter was up 46.2% on a year-over-year basis. equities analysts predict that Wayfair Inc will post -2.45 earnings per share for the current fiscal year.
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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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