Stevens Capital Management LP Purchases Shares of 8,373 Wayfair Inc (W)

Stevens Capital Management LP purchased a new stake in Wayfair Inc (NYSE:W) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,373 shares of the company’s stock, valued at approximately $1,243,000.

A number of other institutional investors also recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. lifted its holdings in Wayfair by 1.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 12,182 shares of the company’s stock worth $1,097,000 after buying an additional 135 shares during the period. Adalta Capital Management LLC lifted its holdings in Wayfair by 0.7% during the fourth quarter. Adalta Capital Management LLC now owns 23,305 shares of the company’s stock worth $2,100,000 after buying an additional 155 shares during the period. Gulf International Bank UK Ltd lifted its holdings in Wayfair by 1.8% during the first quarter. Gulf International Bank UK Ltd now owns 15,065 shares of the company’s stock worth $2,236,000 after buying an additional 265 shares during the period. Investors Research Corp purchased a new stake in Wayfair during the first quarter worth $52,000. Finally, Flagship Harbor Advisors LLC lifted its holdings in Wayfair by 150.5% during the first quarter. Flagship Harbor Advisors LLC now owns 932 shares of the company’s stock worth $138,000 after buying an additional 560 shares during the period. Institutional investors own 79.25% of the company’s stock.

NYSE W opened at $141.80 on Wednesday. Wayfair Inc has a 1 year low of $76.60 and a 1 year high of $173.72. The firm has a market capitalization of $12.63 billion, a P/E ratio of -25.28 and a beta of 2.02.



Wayfair (NYSE:W) last released its earnings results on Thursday, May 2nd. The company reported ($1.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($0.02). The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter last year, the firm posted ($0.91) earnings per share. Wayfair’s revenue for the quarter was up 38.5% compared to the same quarter last year. Research analysts predict that Wayfair Inc will post -8.39 earnings per share for the current year.

In related news, insider Edmond Macri sold 500 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $170.67, for a total value of $85,335.00. Following the transaction, the insider now directly owns 500 shares of the company’s stock, valued at approximately $85,335. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO James Savarese sold 4,358 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $164.01, for a total value of $714,755.58. Following the completion of the transaction, the chief operating officer now directly owns 462,590 shares in the company, valued at $75,869,385.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 362,713 shares of company stock worth $56,085,382. 33.86% of the stock is owned by insiders.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research raised Wayfair from a “sell” rating to a “hold” rating in a research report on Friday, April 19th. Stifel Nicolaus upped their price target on Wayfair from $132.00 to $150.00 and gave the stock a “hold” rating in a research report on Thursday, May 2nd. Berenberg Bank assumed coverage on Wayfair in a research report on Thursday, May 9th. They set a “sell” rating and a $121.00 price target on the stock. Robert W. Baird upped their price target on Wayfair from $108.00 to $150.00 and gave the stock a “neutral” rating in a research report on Monday, February 25th. Finally, Argus assumed coverage on Wayfair in a research report on Thursday, February 28th. They set a “hold” rating and a $163.85 price target on the stock. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $149.90.

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About Wayfair

Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. It provides approximately 14 million products for the home sector under various brands. The company offers selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold.

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Institutional Ownership by Quarter for Wayfair (NYSE:W)

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