Atria Investments LLC increased its stake in Wayfair Inc (NYSE:W) by 67.5% during the second quarter, HoldingsChannel reports. The firm owned 3,528 shares of the company’s stock after acquiring an additional 1,422 shares during the period. Atria Investments LLC’s holdings in Wayfair were worth $415,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Treasurer of the State of North Carolina increased its stake in Wayfair by 8.4% in the 2nd quarter. Treasurer of the State of North Carolina now owns 25,637 shares of the company’s stock worth $3,743,000 after purchasing an additional 1,983 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Wayfair in the 2nd quarter worth about $77,000. DF Dent & Co. Inc. grew its stake in Wayfair by 0.5% during the 2nd quarter. DF Dent & Co. Inc. now owns 49,588 shares of the company’s stock valued at $7,240,000 after acquiring an additional 239 shares in the last quarter. Eaton Vance Management grew its stake in Wayfair by 5.3% during the 2nd quarter. Eaton Vance Management now owns 66,306 shares of the company’s stock valued at $9,681,000 after acquiring an additional 3,341 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. grew its stake in Wayfair by 4.4% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 15,340 shares of the company’s stock valued at $2,239,000 after acquiring an additional 653 shares in the last quarter. 75.98% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Edmond Macri sold 1,673 shares of Wayfair stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $149.30, for a total transaction of $249,778.90. Following the completion of the sale, the insider now directly owns 133,918 shares in the company, valued at approximately $19,993,957.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider James R. Miller sold 231 shares of Wayfair stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $126.96, for a total value of $29,327.76. Following the sale, the insider now owns 7,021 shares of the company’s stock, valued at $891,386.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,192 shares of company stock valued at $4,186,068. 33.86% of the stock is owned by corporate insiders.
Wayfair (NYSE:W) last announced its quarterly earnings results on Thursday, August 1st. The company reported ($1.35) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.97) by $0.62. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.26 billion. The firm’s quarterly revenue was up 41.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.77) earnings per share. On average, equities research analysts predict that Wayfair Inc will post -9.43 EPS for the current year.
Several equities analysts have weighed in on W shares. Wolfe Research started coverage on Wayfair in a research note on Tuesday. They set a “buy” rating and a $145.00 target price on the stock. Stifel Nicolaus raised Wayfair from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a research note on Wednesday, August 21st. Deutsche Bank lowered their target price on Wayfair from $175.00 to $160.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Credit Suisse Group lowered their target price on Wayfair from $195.00 to $165.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 30th. Finally, Zacks Investment Research raised Wayfair from a “sell” rating to a “hold” rating and set a $138.00 target price on the stock in a research note on Saturday, September 14th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $153.55.
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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