Wayfair (W) Stake Increased by Alpine Woods Capital Investors LLC

Alpine Woods Capital Investors LLC lifted its position in shares of Wayfair (NYSE:W) by 18.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,000 shares of the company’s stock after buying an additional 2,000 shares during the period. Alpine Woods Capital Investors LLC’s holdings in Wayfair were worth $878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in W. Penserra Capital Management LLC increased its holdings in Wayfair by 48.8% in the 1st quarter. Penserra Capital Management LLC now owns 116,406 shares of the company’s stock valued at $7,860,000 after purchasing an additional 38,171 shares during the last quarter. First Mercantile Trust Co. increased its holdings in Wayfair by 16.7% in the 1st quarter. First Mercantile Trust Co. now owns 7,700 shares of the company’s stock valued at $520,000 after purchasing an additional 1,100 shares during the last quarter. Aperio Group LLC increased its holdings in Wayfair by 17.0% in the 1st quarter. Aperio Group LLC now owns 4,677 shares of the company’s stock valued at $316,000 after purchasing an additional 679 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Wayfair by 16.6% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 150,061 shares of the company’s stock valued at $10,134,000 after purchasing an additional 21,342 shares during the last quarter. Finally, Eaton Vance Management increased its holdings in Wayfair by 56.4% in the 1st quarter. Eaton Vance Management now owns 41,337 shares of the company’s stock valued at $2,791,000 after purchasing an additional 14,900 shares during the last quarter. Institutional investors and hedge funds own 70.79% of the company’s stock.

In related news, COO James Savarese sold 11,773 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $99.96, for a total value of $1,176,829.08. Following the completion of the sale, the chief operating officer now directly owns 548,695 shares of the company’s stock, valued at $54,847,552.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Edmond Macri sold 600 shares of the business’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $81.01, for a total transaction of $48,606.00. Following the completion of the sale, the insider now directly owns 848 shares of the company’s stock, valued at $68,696.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 13,600 shares of company stock valued at $1,053,632 and have sold 73,901 shares valued at $6,230,300. 37.75% of the stock is currently owned by insiders.



W has been the subject of several research reports. Gordon Haskett downgraded shares of Wayfair from a “buy” rating to an “accumulate” rating in a report on Wednesday, January 31st. MKM Partners set a $91.00 price target on shares of Wayfair and gave the company a “buy” rating in a research report on Friday, February 23rd. Wedbush reissued a “buy” rating and issued a $98.00 price target (up previously from $86.00) on shares of Wayfair in a research report on Tuesday, February 20th. Loop Capital assumed coverage on shares of Wayfair in a research report on Thursday, March 1st. They issued a “buy” rating and a $87.00 price target for the company. Finally, ValuEngine raised shares of Wayfair from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Wayfair currently has an average rating of “Buy” and an average target price of $84.32.

Wayfair opened at $85.72 on Friday, MarketBeat Ratings reports. The firm has a market cap of $7.64 billion, a PE ratio of -30.61 and a beta of 1.39. Wayfair has a 12-month low of $55.33 and a 12-month high of $100.14. The company has a debt-to-equity ratio of -3.30, a current ratio of 1.00 and a quick ratio of 0.95.

Wayfair (NYSE:W) last released its quarterly earnings data on Wednesday, May 2nd. The company reported ($0.91) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.90) by ($0.01). The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Wayfair had a negative return on equity of 31,507.11% and a negative net margin of 5.73%. Wayfair’s revenue for the quarter was up 46.2% on a year-over-year basis. During the same period last year, the firm posted ($0.48) earnings per share. sell-side analysts forecast that Wayfair will post -4.43 earnings per share for the current year.

About Wayfair

Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. The company offers approximately 10 million products for the home sector under various brands. It offers a selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, such as Wayfair, Joss & Main, AllModern, DwellStudio, Perigold, and Birch Lane.

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Institutional Ownership by Quarter for Wayfair (NYSE:W)

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