Wayfair Inc. $W Holdings Raised by Signaturefd LLC

Signaturefd LLC grew its holdings in shares of Wayfair Inc. (NYSE:W) by 10.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 376,697 shares of the company’s stock after purchasing an additional 34,507 shares during the quarter. Signaturefd LLC owned about 0.29% of Wayfair worth $19,264,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of W. GAMMA Investing LLC boosted its position in Wayfair by 85.8% in the first quarter. GAMMA Investing LLC now owns 1,319 shares of the company’s stock valued at $42,000 after buying an additional 609 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of Wayfair by 229.0% in the second quarter. Parallel Advisors LLC now owns 1,576 shares of the company’s stock valued at $81,000 after buying an additional 1,097 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in Wayfair by 15,266.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 4,610 shares of the company’s stock worth $148,000 after purchasing an additional 4,580 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in Wayfair during the first quarter worth $215,000. Finally, Pallas Capital Advisors LLC acquired a new stake in Wayfair in the second quarter valued at $234,000. 89.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Steven Conine sold 199,473 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $78.40, for a total value of $15,638,683.20. Following the completion of the transaction, the insider directly owned 544,073 shares in the company, valued at $42,655,323.20. This trade represents a 26.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Niraj Shah sold 199,422 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $78.40, for a total value of $15,634,684.80. Following the completion of the sale, the chief executive officer directly owned 544,137 shares in the company, valued at approximately $42,660,340.80. The trade was a 26.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,343,857 shares of company stock valued at $93,189,527. Company insiders own 21.91% of the company’s stock.

Wayfair Trading Up 2.1%

Shares of NYSE:W opened at $86.73 on Friday. The stock has a 50 day moving average of $77.18 and a 200 day moving average of $52.35. Wayfair Inc. has a 12-month low of $20.41 and a 12-month high of $91.77. The company has a market cap of $11.25 billion, a PE ratio of -36.14 and a beta of 2.95.

Wayfair (NYSE:W) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.54. The firm had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $3.11 billion. The firm’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the company earned $0.47 earnings per share. Equities research analysts predict that Wayfair Inc. will post -2.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

W has been the topic of a number of recent research reports. Needham & Company LLC raised their price target on shares of Wayfair from $40.00 to $83.00 and gave the stock a “buy” rating in a research report on Monday, August 4th. Stifel Nicolaus set a $68.00 price target on shares of Wayfair and gave the company a “hold” rating in a research note on Tuesday, August 5th. UBS Group boosted their price target on shares of Wayfair from $80.00 to $91.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Wayfair in a report on Tuesday, August 5th. Finally, Guggenheim restated a “buy” rating and issued a $90.00 price objective on shares of Wayfair in a research report on Wednesday, August 27th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Wayfair currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.27.

About Wayfair

Wayfair Inc provides e-commerce business in the United States and internationally. The company offers approximately thirty million products for the home sector. It offers online selections of furniture, décor, housewares, and home improvement products through its sites consisting of Wayfair, Joss & Main, AllModern, Birch Lane, Perigold, and Wayfair Professional.