Chicago Equity Partners LLC Trims Position in Wayfair Inc. (W)

Chicago Equity Partners LLC reduced its position in Wayfair Inc. (NYSE:W) by 12.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,100 shares of the company’s stock after selling 2,060 shares during the quarter. Chicago Equity Partners LLC’s holdings in Wayfair were worth $950,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of W. BNP Paribas Arbitrage SA lifted its position in Wayfair by 96.2% in the second quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock worth $105,000 after purchasing an additional 667 shares during the period. UBS Group AG lifted its position in Wayfair by 55.5% in the first quarter. UBS Group AG now owns 2,690 shares of the company’s stock worth $109,000 after purchasing an additional 960 shares during the period. Delta Asset Management LLC TN lifted its position in Wayfair by 375.0% in the third quarter. Delta Asset Management LLC TN now owns 1,900 shares of the company’s stock worth $128,000 after purchasing an additional 1,500 shares during the period. First Mercantile Trust Co. bought a new position in Wayfair in the second quarter worth $138,000. Finally, Mohican Financial Management LLC bought a new position in Wayfair in the third quarter worth $194,000. 66.99% of the stock is owned by hedge funds and other institutional investors.

In other Wayfair news, SVP Steve Oblak sold 400 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $77.92, for a total transaction of $31,168.00. Following the transaction, the senior vice president now owns 120,621 shares in the company, valued at $9,398,788.32. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Michael D. Fleisher sold 4,719 shares of the firm’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 transaction, the chief financial officer now owns 50,844 shares in the company, valued at approximately $4,187,003.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 255,809 shares of company stock valued at $17,547,053. Corporate insiders own 56.93% of the company’s stock.

Several research firms have issued reports on W. Wolfe Research reiterated an “outperform” rating on shares of Wayfair in a research note on Wednesday, August 9th. KeyCorp reiterated a “hold” rating on shares of Wayfair in a research note on Friday, September 29th. BidaskClub lowered Wayfair from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 4th. Ifs Securities began coverage on Wayfair in a research note on Friday, September 1st. They set an “outperform” rating and a $85.00 price objective for the company. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $89.00 price objective on shares of Wayfair in a research note on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $76.01.

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Shares of Wayfair Inc. (NYSE W) opened at $63.45 on Thursday. The company has a debt-to-equity ratio of 135.98, a current ratio of 1.19 and a quick ratio of 1.17. Wayfair Inc. has a 12-month low of $32.61 and a 12-month high of $84.19.

Wayfair (NYSE:W) last announced its quarterly earnings data on Thursday, November 2nd. The company reported ($0.65) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.68) by $0.03. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.21 billion. Wayfair had a negative return on equity of 658.45% and a negative net margin of 5.06%. The company’s revenue was up 39.1% on a year-over-year basis. During the same period last year, the company earned ($0.54) earnings per share. sell-side analysts predict that Wayfair Inc. will post -2.58 EPS for the current fiscal year.

Wayfair 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.

Institutional Ownership by Quarter for Wayfair (NYSE:W)

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