5,000 Shares in Wayfair Inc. $W Purchased by Intrepid Financial Planning Group LLC

Intrepid Financial Planning Group LLC purchased a new position in shares of Wayfair Inc. (NYSE:W) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,000 shares of the company’s stock, valued at approximately $256,000.

Other institutional investors also recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. grew its stake in shares of Wayfair by 681.8% in the 1st quarter. Alyeska Investment Group L.P. now owns 5,462,651 shares of the company’s stock valued at $174,969,000 after purchasing an additional 4,763,944 shares during the period. Southpoint Capital Advisors LP boosted its stake in Wayfair by 42.9% in the 1st quarter. Southpoint Capital Advisors LP now owns 4,000,000 shares of the company’s stock valued at $128,120,000 after buying an additional 1,200,000 shares in the last quarter. Geode Capital Management LLC grew its position in Wayfair by 3.7% in the second quarter. Geode Capital Management LLC now owns 1,661,496 shares of the company’s stock valued at $84,985,000 after acquiring an additional 59,083 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Wayfair by 0.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,012,048 shares of the company’s stock worth $32,416,000 after acquiring an additional 2,736 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Wayfair by 111.7% during the first quarter. AQR Capital Management LLC now owns 524,072 shares of the company’s stock valued at $16,786,000 after acquiring an additional 276,471 shares during the period. 89.67% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Wayfair

In other news, insider Steven Conine sold 30,000 shares of the business’s stock in a transaction on Tuesday, October 28th. The stock was sold at an average price of $105.09, for a total transaction of $3,152,700.00. Following the completion of the sale, the insider owned 139,073 shares in the company, valued at $14,615,181.57. The trade was a 17.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Niraj Shah sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $105.10, for a total value of $3,153,000.00. Following the completion of the transaction, the chief executive officer owned 139,137 shares in the company, valued at approximately $14,623,298.70. This represents a 17.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 655,959 shares of company stock valued at $56,485,774 over the last quarter. Corporate insiders own 21.91% of the company’s stock.

Wayfair Trading Down 3.7%

Shares of W stock opened at $95.82 on Wednesday. Wayfair Inc. has a 1 year low of $20.41 and a 1 year high of $114.92. The firm’s 50 day moving average is $90.70 and its 200-day moving average is $68.98. The firm has a market capitalization of $12.49 billion, a price-to-earnings ratio of -37.43 and a beta of 3.03.

Wayfair (NYSE:W) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.26. The company had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter last year, the firm earned $0.22 EPS. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities research analysts forecast that Wayfair Inc. will post -2.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. BMO Capital Markets set a $110.00 target price on shares of Wayfair and gave the stock a “market perform” rating in a report on Wednesday, October 29th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Wayfair in a research note on Wednesday, October 8th. Oppenheimer lifted their target price on shares of Wayfair from $100.00 to $144.00 and gave the company an “outperform” rating in a research note on Wednesday, November 12th. JPMorgan Chase & Co. boosted their target price on Wayfair from $82.00 to $105.00 and gave the stock an “overweight” rating in a report on Monday, October 27th. Finally, Guggenheim raised their price target on Wayfair from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Wayfair presently has a consensus rating of “Moderate Buy” and an average price target of $105.57.

Wayfair Company Profile

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.