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.
TRADEMARK VIOLATION NOTICE: This news story was published by Markets Daily and is the property of of Markets Daily. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.themarketsdaily.com/2017/11/16/chicago-equity-partners-llc-trims-position-in-wayfair-inc-w.html.
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 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.
Receive News & Ratings for Wayfair Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wayfair Inc. and related companies with MarketBeat.com's FREE daily email newsletter.