Encompass Wealth Advisors LLC Acquires New Holdings in Wayfair Inc. (NYSE:W)

Encompass Wealth Advisors LLC acquired a new stake in shares of Wayfair Inc. (NYSE:W) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 387 shares of the company’s stock, valued at approximately $87,000.

A number of other hedge funds also recently modified their holdings of W. Baillie Gifford & Co. boosted its holdings in Wayfair by 2.1% in the fourth quarter. Baillie Gifford & Co. now owns 7,685,727 shares of the company’s stock worth $1,735,514,000 after acquiring an additional 160,495 shares in the last quarter. First Trust Advisors LP lifted its holdings in Wayfair by 782.1% in the fourth quarter. First Trust Advisors LP now owns 838,109 shares of the company’s stock valued at $189,253,000 after acquiring an additional 743,101 shares during the period. Norges Bank acquired a new position in Wayfair in the fourth quarter valued at approximately $146,328,000. Renaissance Technologies LLC lifted its holdings in Wayfair by 36.9% in the fourth quarter. Renaissance Technologies LLC now owns 629,900 shares of the company’s stock valued at $142,238,000 after acquiring an additional 169,800 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Wayfair by 172.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 617,531 shares of the company’s stock valued at $139,445,000 after acquiring an additional 390,645 shares during the period. 81.27% of the stock is currently owned by institutional investors.

In other Wayfair news, insider Steven Conine sold 35,920 shares of the stock in a transaction that occurred on Thursday, January 14th. The stock was sold at an average price of $349.81, for a total transaction of $12,565,175.20. Following the completion of the sale, the insider now directly owns 69,840 shares of the company’s stock, valued at approximately $24,430,730.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michael D. Fleisher sold 750 shares of the stock in a transaction that occurred on Monday, April 5th. The stock was sold at an average price of $336.37, for a total value of $252,277.50. Following the sale, the chief financial officer now directly owns 96,496 shares of the company’s stock, valued at $32,458,359.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 95,519 shares of company stock worth $32,257,117. Company insiders own 30.86% of the company’s stock.

Shares of NYSE W opened at $325.92 on Thursday. The stock’s 50-day moving average is $311.65 and its two-hundred day moving average is $281.97. Wayfair Inc. has a 1-year low of $72.50 and a 1-year high of $369.00. The company has a market cap of $33.76 billion, a price-to-earnings ratio of -46.69, a price-to-earnings-growth ratio of 98.63 and a beta of 3.43.

Wayfair (NYSE:W) last released its quarterly earnings data on Thursday, February 25th. The company reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.88. The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter in the previous year, the company posted ($2.80) EPS. The company’s revenue was up 46.1% compared to the same quarter last year. Analysts anticipate that Wayfair Inc. will post 0.13 EPS for the current year.

A number of research analysts have issued reports on W shares. Wedbush boosted their price target on Wayfair from $330.00 to $345.00 and gave the company an “outperform” rating in a report on Wednesday, March 31st. Morgan Stanley upgraded Wayfair from an “underweight” rating to an “equal weight” rating and set a $270.00 price objective for the company in a research report on Wednesday, March 3rd. Cowen boosted their price objective on Wayfair from $360.00 to $375.00 and gave the company an “outperform” rating in a research report on Thursday, February 25th. Gordon Haskett cut Wayfair from a “buy” rating to a “neutral” rating and set a $300.00 price objective for the company. in a research report on Thursday, January 28th. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $260.00 price objective (up from $250.00) on shares of Wayfair in a research report on Thursday, February 25th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $292.55.

Wayfair Profile

Wayfair Inc engages in the e-commerce business in the United States and internationally. It provides approximately twenty-two million products for the home sector under various brands. The company offers online selections of furniture, décor, housewares, and home improvement products through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold brands.

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Institutional Ownership by Quarter for Wayfair (NYSE:W)

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