Sei Investments Co. boosted its holdings in shares of Wayfair Inc (NYSE:W) by 170.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 79,369 shares of the company’s stock after buying an additional 50,059 shares during the quarter. Sei Investments Co.’s holdings in Wayfair were worth $6,371,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the business. Cheyne Capital Management UK LLP purchased a new stake in shares of Wayfair in the 4th quarter valued at approximately $1,610,000. Penserra Capital Management LLC increased its position in shares of Wayfair by 33.6% in the 4th quarter. Penserra Capital Management LLC now owns 78,235 shares of the company’s stock valued at $6,279,000 after purchasing an additional 19,656 shares during the last quarter. Swiss National Bank increased its position in shares of Wayfair by 8.1% in the 4th quarter. Swiss National Bank now owns 65,400 shares of the company’s stock valued at $5,250,000 after purchasing an additional 4,900 shares during the last quarter. Daiwa Securities Group Inc. purchased a new stake in shares of Wayfair in the 4th quarter valued at approximately $1,500,000. Finally, California Public Employees Retirement System increased its position in shares of Wayfair by 4.5% in the 4th quarter. California Public Employees Retirement System now owns 124,658 shares of the company’s stock valued at $10,006,000 after purchasing an additional 5,317 shares during the last quarter. Institutional investors own 71.30% of the company’s stock.
In other Wayfair news, CEO Niraj Shah sold 1,213 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $76.35, for a total transaction of $92,612.55. Following the transaction, the chief executive officer now directly owns 25,414 shares of the company’s stock, valued at approximately $1,940,358.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Champlin Mulliken sold 700 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $74.08, for a total transaction of $51,856.00. Following the transaction, the insider now directly owns 52,784 shares in the company, valued at $3,910,238.72. The disclosure for this sale can be found here. Insiders have sold a total of 82,151 shares of company stock worth $7,260,812 over the last three months. 56.93% of the stock is currently owned by insiders.
Wayfair (NYSE:W) last issued its quarterly earnings data on Thursday, February 22nd. The company reported ($0.83) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.79) by ($0.04). Wayfair had a negative return on equity of 31,507.11% and a negative net margin of 5.18%. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the previous year, the business posted ($0.34) earnings per share. The company’s revenue for the quarter was up 46.2% on a year-over-year basis. equities analysts anticipate that Wayfair Inc will post -2.45 earnings per share for the current fiscal year.
A number of equities research analysts have commented on W shares. Wedbush reissued an “outperform” rating on shares of Wayfair in a research report on Wednesday, December 27th. Moffett Nathanson began coverage on shares of Wayfair in a research report on Monday, December 4th. They issued a “buy” rating on the stock. 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 research report on Wednesday, January 3rd. MKM Partners set a $107.00 target price on shares of Wayfair and gave the company a “buy” rating in a research report on Wednesday, January 24th. Finally, Credit Suisse Group set a $76.00 target price on shares of Wayfair and gave the company a “hold” rating in a research report on Friday, February 23rd. Twelve investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $83.80.
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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