Y Intercept Hong Kong Ltd Has $8.30 Million Position in Wayfair Inc. $W

Y Intercept Hong Kong Ltd boosted its holdings in shares of Wayfair Inc. (NYSE:W) by 421.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,673 shares of the company’s stock after buying an additional 66,830 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Wayfair were worth $8,301,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Covenant Asset Management LLC acquired a new stake in Wayfair during the fourth quarter worth $4,403,000. Capital World Investors boosted its stake in Wayfair by 4.1% during the third quarter. Capital World Investors now owns 13,374,574 shares of the company’s stock worth $1,194,750,000 after buying an additional 521,240 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in Wayfair during the third quarter worth $2,635,000. Quantbot Technologies LP acquired a new stake in Wayfair during the third quarter worth $1,958,000. Finally, Divisadero Street Capital Management LP acquired a new stake in Wayfair during the third quarter worth $1,929,000. Institutional investors and hedge funds own 89.67% of the company’s stock.

Wayfair Stock Performance

Shares of NYSE W opened at $77.37 on Friday. The stock has a market cap of $10.21 billion, a PE ratio of -33.06, a PEG ratio of 4.08 and a beta of 3.02. The business has a fifty day moving average of $70.55 and a two-hundred day moving average of $85.69. Wayfair Inc. has a 52-week low of $45.46 and a 52-week high of $119.98.

Wayfair (NYSE:W) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.26. The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.89 billion. Wayfair had a negative return on equity of 2.20% and a negative net margin of 2.41%.The business’s revenue was up 7.4% on a year-over-year basis. During the same period last year, the business earned $0.10 earnings per share. Analysts predict that Wayfair Inc. will post 0.63 earnings per share for the current year.

Insider Activity at Wayfair

In related news, Director Steven Conine sold 112,861 shares of Wayfair stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $77.50, for a total value of $8,746,727.50. Following the completion of the transaction, the director directly owned 436,212 shares of the company’s stock, valued at $33,806,430. The trade was a 20.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jon Blotner sold 4,790 shares of Wayfair stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $72.19, for a total value of $345,790.10. Following the completion of the transaction, the insider directly owned 111,158 shares of the company’s stock, valued at $8,024,496.02. This represents a 4.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 463,785 shares of company stock valued at $35,864,224 over the last ninety days. 18.44% of the stock is owned by insiders.

Wall Street Analyst Weigh In

W has been the topic of a number of recent research reports. Weiss Ratings downgraded shares of Wayfair from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, June 2nd. Robert W. Baird set a $76.00 price objective on Wayfair in a report on Monday, May 4th. Citigroup cut their price objective on Wayfair from $110.00 to $95.00 and set a “buy” rating for the company in a report on Tuesday, May 19th. Jefferies Financial Group cut their price objective on Wayfair from $86.00 to $70.00 and set a “hold” rating for the company in a report on Thursday, April 30th. Finally, Mizuho cut their price objective on Wayfair from $110.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.68.

Wayfair Company Profile

Wayfair Inc (NYSE: W) is an e-commerce company focused on home furnishings and décor. Through its platform, Wayfair offers a broad assortment of furniture, lighting, home textiles, kitchenware and decorative accessories. The company’s portfolio includes flagship sites such as Wayfair.com, as well as specialty retail brands like Joss & Main, AllModern, Birch Lane and Perigold, each catering to distinct design styles and price points.

Founded in 2002 by Niraj Shah and Steve Conine under the name CSN Stores, the business rebranded as Wayfair in 2011 and went public in 2014.