TimesSquare Capital Management LLC purchased a new position in Wayfair Inc (NYSE:W) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 320,000 shares of the company’s stock, valued at approximately $25,686,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Renaissance Technologies LLC raised its stake in Wayfair by 36.7% during the 4th quarter. Renaissance Technologies LLC now owns 1,272,300 shares of the company’s stock valued at $102,128,000 after acquiring an additional 341,900 shares in the last quarter. Artisan Partners Limited Partnership bought a new stake in Wayfair during the 3rd quarter valued at $81,855,000. Alliancebernstein L.P. raised its stake in Wayfair by 1,724.1% during the 4th quarter. Alliancebernstein L.P. now owns 1,101,771 shares of the company’s stock valued at $88,439,000 after acquiring an additional 1,041,371 shares in the last quarter. Allen Investment Management LLC raised its stake in Wayfair by 11.4% during 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. Finally, Bank of New York Mellon Corp raised its stake in Wayfair by 331.0% during 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. 71.10% of the stock is currently owned by institutional investors and hedge funds.
Shares of Wayfair Inc (W) opened at $86.26 on Friday. Wayfair Inc has a 12 month low of $36.04 and a 12 month high of $100.14. The company has a debt-to-equity ratio of -8.60, a quick ratio of 1.07 and a current ratio of 1.10.
Several analysts have weighed in on the company. Loop Capital reaffirmed a “buy” rating on shares of Wayfair in a research note on Thursday. Credit Suisse Group set a $76.00 target price on Wayfair and gave the company a “hold” rating in a research note on Friday, February 23rd. Stifel Nicolaus reaffirmed a “hold” rating and set a $90.00 target price on shares of Wayfair in a research note on Thursday, February 22nd. Piper Jaffray Companies reaffirmed an “overweight” rating on shares of Wayfair in a research note on Friday, February 23rd. Finally, DA Davidson cut their target price on Wayfair to $65.00 and set a “neutral” rating on the stock in a research note on Friday, February 23rd. Twelve investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $83.96.
In related news, COO James Savarese sold 11,773 shares of Wayfair stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $99.96, for a total value of $1,176,829.08. Following the transaction, the chief operating officer now directly owns 548,695 shares in the company, valued at approximately $54,847,552.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Edmond Macri sold 600 shares of Wayfair stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $81.01, for a total value of $48,606.00. Following the completion of the transaction, the insider now owns 848 shares in the company, valued at $68,696.48. The disclosure for this sale can be found here. In the last three months, insiders bought 13,600 shares of company stock worth $1,053,632 and sold 81,904 shares worth $7,247,880. 56.93% of the stock is currently owned by insiders.
WARNING: This piece was first published by Ticker Report and is owned by of Ticker Report. If you are accessing this piece on another domain, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this piece can be viewed at https://www.tickerreport.com/banking-finance/3255488/timessquare-capital-management-llc-purchases-new-holdings-in-wayfair-inc-w.html.
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.
Want to see what other hedge funds are holding W? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wayfair Inc (NYSE:W).
Receive News & Ratings for Wayfair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wayfair and related companies with MarketBeat.com's FREE daily email newsletter.