Wayfair Inc. (NYSE:W) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale decreased its position in shares of Wayfair Inc. (NYSE:W) by 82.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,074 shares of the company’s stock after selling 5,000 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Wayfair were worth $56,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. WealthPlan Investment Management LLC grew its position in Wayfair by 5.6% during the 1st quarter. WealthPlan Investment Management LLC now owns 5,097 shares of the company’s stock worth $346,000 after purchasing an additional 271 shares during the period. Treasurer of the State of North Carolina grew its holdings in Wayfair by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 36,486 shares of the company’s stock worth $2,251,000 after acquiring an additional 360 shares during the period. QRG Capital Management Inc. raised its position in Wayfair by 12.0% during the first quarter. QRG Capital Management Inc. now owns 3,716 shares of the company’s stock valued at $252,000 after acquiring an additional 399 shares in the last quarter. Riverview Trust Co acquired a new position in Wayfair in the first quarter valued at approximately $27,000. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its position in Wayfair by 39.1% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,676 shares of the company’s stock worth $114,000 after purchasing an additional 471 shares in the last quarter. Hedge funds and other institutional investors own 89.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Gordon Haskett cut shares of Wayfair from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Wayfair from $87.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Bank of America lowered Wayfair from a “buy” rating to a “neutral” rating and cut their price target for the company from $85.00 to $58.00 in a research note on Thursday, August 1st. Wedbush lowered their price target on Wayfair from $70.00 to $60.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Finally, Barclays cut their price objective on Wayfair from $58.00 to $51.00 and set an “equal weight” rating for the company in a research report on Monday, August 5th. Twelve research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $65.63.

Wayfair Stock Down 2.7 %

NYSE W opened at $52.85 on Friday. The business’s fifty day simple moving average is $46.48 and its 200-day simple moving average is $54.83. The firm has a market cap of $6.36 billion, a PE ratio of -9.86 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 posted its earnings results on Thursday, August 1st. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.03). The business had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.18 billion. During the same quarter last year, the firm earned ($1.27) EPS. Wayfair’s revenue was up .2% compared to the same quarter last year. Research analysts expect that Wayfair Inc. will post -2.66 EPS for the current year.

Insider Buying and Selling at Wayfair

In other Wayfair news, COO Thomas Netzer sold 1,011 shares of the 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 completion of the transaction, the chief operating officer now owns 151,802 shares of the company’s stock, valued at $7,502,054.84. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, COO Thomas Netzer sold 1,011 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $49.42, for a total transaction of $49,963.62. Following the completion of the transaction, the chief operating officer now directly owns 151,802 shares in the company, valued at $7,502,054.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jon Blotner sold 4,395 shares of Wayfair stock in a transaction 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 sale, the insider now directly owns 43,926 shares of the company’s stock, valued at $2,463,809.34. The disclosure for this sale can be found here. Insiders have sold 41,113 shares of company stock worth $2,126,623 over the last quarter. 26.81% of the stock is currently owned by company insiders.

About Wayfair

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.