Wayfair Inc. $W Shares Bought by Brighton Jones LLC

Brighton Jones LLC boosted its holdings in Wayfair Inc. (NYSE:W) by 106.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 19,822 shares of the company’s stock after acquiring an additional 10,213 shares during the quarter. Brighton Jones LLC’s holdings in Wayfair were worth $2,033,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Atreides Management LP raised its holdings in Wayfair by 64.3% during the first quarter. Atreides Management LP now owns 1,430,997 shares of the company’s stock worth $107,625,000 after buying an additional 560,133 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Wayfair by 46.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,036,531 shares of the company’s stock valued at $77,923,000 after purchasing an additional 328,358 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Wayfair by 8.3% during the 1st quarter. Janus Henderson Group PLC now owns 3,866,708 shares of the company’s stock worth $290,813,000 after purchasing an additional 296,233 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Wayfair by 42.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 818,591 shares of the company’s stock worth $75,654,000 after purchasing an additional 242,791 shares in the last quarter. Finally, Baird Financial Group Inc. bought a new stake in Wayfair during the 2nd quarter worth approximately $16,362,000. Institutional investors own 89.67% of the company’s stock.

Insider Buying and Selling at Wayfair

In other news, CEO Niraj Shah sold 117,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $111.25, for a total transaction of $13,016,250.00. Following the completion of the sale, the chief executive officer owned 105,137 shares in the company, valued at $11,696,491.25. This trade represents a 52.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Steven Conine sold 117,000 shares of Wayfair stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $111.25, for a total transaction of $13,016,250.00. Following the completion of the sale, the director directly owned 105,073 shares in the company, valued at $11,689,371.25. This trade represents a 52.69% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 692,070 shares of company stock worth $74,096,044 over the last three months. 18.44% of the stock is currently owned by insiders.

Wayfair Price Performance

Shares of Wayfair stock opened at $116.78 on Tuesday. Wayfair Inc. has a 1 year low of $55.60 and a 1 year high of $127.99. The firm has a market cap of $15.42 billion, a PE ratio of 127.38, a P/E/G ratio of 4.26 and a beta of 3.10. The stock has a fifty day moving average price of $106.14 and a 200-day moving average price of $89.22.

Wayfair (NYSE:W) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.13. The company had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.38 billion. Wayfair had a negative net margin of 1.21% and a negative return on equity of 5.14%. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.70 EPS. As a group, equities analysts anticipate that Wayfair Inc. will post 0.97 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on W. JPMorgan Chase & Co. increased their price objective on Wayfair from $125.00 to $136.00 and gave the stock an “overweight” rating in a research note on Monday, November 2nd. Robert W. Baird upped their target price on shares of Wayfair from $116.00 to $117.00 and gave the stock a “neutral” rating in a research note on Thursday, October 8th. Citigroup increased their target price on shares of Wayfair from $133.00 to $145.00 and gave the company a “buy” rating in a report on Monday. Rosenblatt Securities began coverage on shares of Wayfair in a research report on Thursday, August 20th. They set a “buy” rating and a $125.00 price target on the stock. Finally, Evercore restated an “outperform” rating and set a $130.00 price target on shares of Wayfair in a report on Wednesday, August 5th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $129.00.

Wayfair Company Profile

Wayfair Inc is an e-commerce company focused on furniture and home furnishings. Its online platform offers products for living rooms, bedrooms, kitchens, bathrooms, outdoor spaces and other areas of the home, including furniture, décor, lighting, rugs and housewares.

The company operates a portfolio of retail brands, including Wayfair, AllModern, Birch Lane, Joss & Main and Perigold. It serves customers primarily in the United States and Canada, as well as in select international markets.

Wayfair was founded in 2002 by Niraj Shah and Steve Conine as CSN Stores and adopted the Wayfair name in 2011.