272 Capital LP bought a new position in shares of Wayfair Inc. (NYSE:W – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 38,088 shares of the company’s stock, valued at approximately $2,008,000.
Other hedge funds have also recently bought and sold shares of the company. Riverview Trust Co purchased a new position in Wayfair in the first quarter valued at about $27,000. ORG Partners LLC purchased a new stake in shares of Wayfair during the 1st quarter valued at about $37,000. International Assets Investment Management LLC acquired a new position in Wayfair during the 2nd quarter worth approximately $58,000. Comerica Bank lifted its position in Wayfair by 210.9% during the 1st quarter. Comerica Bank now owns 1,222 shares of the company’s stock worth $83,000 after acquiring an additional 829 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust purchased a new position in Wayfair in the 2nd quarter worth approximately $109,000. Hedge funds and other institutional investors own 89.67% of the company’s stock.
Insiders Place Their Bets
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 stock was sold at an average price of $56.09, for a total value of $246,515.55. Following the sale, the insider now directly owns 43,926 shares in the company, valued at approximately $2,463,809.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Wayfair news, COO Thomas Netzer sold 1,011 shares of the business’s stock in a transaction dated 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 approximately $7,502,054.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jon Blotner sold 4,395 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $56.09, for a total transaction of $246,515.55. Following the completion of the transaction, the insider now owns 43,926 shares of the company’s stock, valued at $2,463,809.34. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,113 shares of company stock worth $2,126,623. Insiders own 26.81% of the company’s stock.
Analyst Upgrades and Downgrades
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Wayfair Price Performance
NYSE:W opened at $53.05 on Tuesday. Wayfair Inc. has a 12-month low of $38.02 and a 12-month high of $76.18. The business has a 50 day simple moving average of $46.47 and a 200 day simple moving average of $54.75. The firm has a market capitalization of $6.39 billion, a P/E ratio of -9.90 and a beta of 3.40.
Wayfair (NYSE:W – Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.03). The firm had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.18 billion. During the same period last year, the business posted ($1.27) earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. Research analysts anticipate that Wayfair Inc. will post -2.66 EPS for the current fiscal year.
Wayfair 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.
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