Wayfair Inc. (NYSE:W) Stock Holdings Increased by Optimist Retirement Group LLC

Optimist Retirement Group LLC grew its position in shares of Wayfair Inc. (NYSE:W) by 14.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,379 shares of the company’s stock after buying an additional 568 shares during the period. Optimist Retirement Group LLC’s holdings in Wayfair were worth $231,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Capital World Investors grew its position in shares of Wayfair by 8.7% during the 4th quarter. Capital World Investors now owns 12,042,210 shares of the company’s stock valued at $743,004,000 after buying an additional 962,307 shares during the last quarter. Norges Bank bought a new position in shares of Wayfair during the fourth quarter valued at approximately $47,374,000. Renaissance Technologies LLC raised its position in shares of Wayfair by 28.0% during the 2nd quarter. Renaissance Technologies LLC now owns 3,086,569 shares of the company’s stock worth $162,755,000 after purchasing an additional 675,271 shares during the period. Kodai Capital Management LP acquired a new stake in shares of Wayfair during the 4th quarter worth approximately $23,552,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Wayfair by 4.5% in the 1st quarter. Vanguard Group Inc. now owns 8,467,900 shares of the company’s stock worth $574,801,000 after purchasing an additional 363,948 shares during the last quarter. Institutional investors and hedge funds own 89.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on W. Gordon Haskett downgraded Wayfair from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Barclays lowered their price target on shares of Wayfair from $58.00 to $51.00 and set an “equal weight” rating for the company in a research report on Monday, August 5th. Citigroup cut their price objective on shares of Wayfair from $85.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Royal Bank of Canada decreased their target price on shares of Wayfair from $65.00 to $53.00 and set a “sector perform” rating for the company in a research report on Friday, August 2nd. Finally, Guggenheim cut their price target on Wayfair from $80.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Twelve research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Wayfair has a consensus rating of “Moderate Buy” and a consensus target price of $65.63.

Wayfair Stock Up 0.6 %

NYSE:W opened at $50.75 on Thursday. The business’s 50-day moving average price is $46.58 and its 200 day moving average price is $54.94. The firm has a market cap of $6.11 billion, a P/E ratio of -9.47 and a beta of 3.40. Wayfair Inc. has a 52-week low of $38.02 and a 52-week high of $76.18.

Wayfair (NYSE:W) last released its earnings results on Thursday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). The company had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.18 billion. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($1.27) earnings per share. Sell-side analysts expect that Wayfair Inc. will post -2.66 EPS for the current year.

Insider Buying and Selling

In related news, insider Jon Blotner sold 4,395 shares of Wayfair stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $56.09, for a total value of $246,515.55. Following the transaction, the insider now owns 43,926 shares of the company’s stock, valued at approximately $2,463,809.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Jon Blotner sold 4,395 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $56.09, for a total value of $246,515.55. Following the completion of the transaction, the insider now owns 43,926 shares of the company’s stock, valued at approximately $2,463,809.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Thomas Netzer sold 1,011 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $49.42, for a total transaction of $49,963.62. Following the sale, the chief operating officer now directly owns 151,802 shares in the company, valued at $7,502,054.84. The disclosure for this sale can be found here. Insiders have sold a total of 41,113 shares of company stock valued at $2,126,623 over the last three months. Company insiders own 26.81% of the company’s stock.

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.