Wayfair Inc. (NYSE:W) Shares Acquired by Holocene Advisors LP

Holocene Advisors LP grew its position in Wayfair Inc. (NYSE:W) by 5,699.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,235,193 shares of the company’s stock after purchasing an additional 1,213,896 shares during the quarter. Holocene Advisors LP’s holdings in Wayfair were worth $69,393,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of W. Southpoint Capital Advisors LP acquired a new stake in Wayfair during the 3rd quarter worth $78,652,000. Renaissance Technologies LLC raised its stake in Wayfair by 28.0% during the 2nd quarter. Renaissance Technologies LLC now owns 3,086,569 shares of the company’s stock worth $162,755,000 after acquiring an additional 675,271 shares in the last quarter. Wolf Hill Capital Management LP raised its stake in Wayfair by 22.9% during the 2nd quarter. Wolf Hill Capital Management LP now owns 2,322,906 shares of the company’s stock worth $122,487,000 after acquiring an additional 432,404 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Wayfair by 35.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 974,255 shares of the company’s stock worth $54,734,000 after acquiring an additional 253,681 shares in the last quarter. Finally, Maverick Capital Ltd. raised its stake in Wayfair by 46.2% during the 2nd quarter. Maverick Capital Ltd. now owns 721,618 shares of the company’s stock worth $38,051,000 after acquiring an additional 227,908 shares in the last quarter. 89.67% of the stock is currently owned by institutional investors and hedge funds.

Wayfair Trading Up 3.9 %

W stock opened at $48.06 on Tuesday. The company has a market cap of $6.02 billion, a P/E ratio of -10.70 and a beta of 3.44. Wayfair Inc. has a 52 week low of $37.35 and a 52 week high of $76.18. The company’s 50-day moving average price is $47.25 and its 200 day moving average price is $49.56.

Wayfair (NYSE:W) last released its quarterly earnings data on Friday, November 1st. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.09. The company had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.87 billion. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($1.38) EPS. On average, equities research analysts expect that Wayfair Inc. will post -2.89 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on W shares. Robert W. Baird cut their price target on shares of Wayfair from $56.00 to $50.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. UBS Group dropped their price objective on shares of Wayfair from $70.00 to $65.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. Barclays dropped their price objective on shares of Wayfair from $58.00 to $51.00 and set an “equal weight” rating on the stock in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Wayfair from $69.00 to $46.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Finally, BMO Capital Markets dropped their price objective on shares of Wayfair from $58.00 to $50.00 and set a “market perform” rating on the stock in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $60.28.

Insiders Place Their Bets

In other Wayfair news, insider Steven Conine sold 30,000 shares of Wayfair stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $42.31, for a total transaction of $1,269,300.00. Following the completion of the transaction, the insider now owns 179,073 shares in the company, valued at approximately $7,576,578.63. The trade was a 14.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jon Blotner sold 4,600 shares of Wayfair stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $53.60, for a total transaction of $246,560.00. Following the transaction, the insider now owns 52,078 shares of the company’s stock, valued at approximately $2,791,380.80. The trade was a 8.12 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 67,868 shares of company stock worth $3,272,548. Insiders own 23.50% of the company’s stock.

Wayfair Company 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.