Advisors Asset Management Inc. Acquires 2,178 Shares of Wayfair Inc. (W)

Advisors Asset Management Inc. increased its holdings in shares of Wayfair Inc. (NYSE:W) by 1,512.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,322 shares of the company’s stock after buying an additional 2,178 shares during the period. Advisors Asset Management Inc.’s holdings in Wayfair were worth $157,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in W. FMR LLC increased its position in shares of Wayfair by 2.7% in the 2nd quarter. FMR LLC now owns 7,757,688 shares of the company’s stock valued at $596,411,000 after purchasing an additional 207,443 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Wayfair by 16.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,028,832 shares of the company’s stock valued at $232,857,000 after purchasing an additional 423,631 shares during the last quarter. Baillie Gifford & Co. increased its position in shares of Wayfair by 1.3% in the 3rd quarter. Baillie Gifford & Co. now owns 1,938,701 shares of the company’s stock valued at $130,669,000 after purchasing an additional 24,027 shares during the last quarter. Allen Investment Management LLC increased its position in shares of Wayfair by 11.4% in the 3rd quarter. Allen Investment Management LLC now owns 980,000 shares of the company’s stock valued at $66,052,000 after purchasing an additional 100,000 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Wayfair by 331.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 583,843 shares of the company’s stock valued at $39,351,000 after purchasing an additional 448,390 shares during the last quarter. 66.97% of the stock is currently owned by hedge funds and other institutional investors.

In related news, SVP Steve Oblak sold 400 shares of the stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $77.92, for a total transaction of $31,168.00. Following the completion of the sale, the senior vice president now owns 120,621 shares in the company, valued at approximately $9,398,788.32. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Edmond Macri sold 600 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $78.26, for a total transaction of $46,956.00. Following the sale, the insider now owns 758 shares of the company’s stock, valued at approximately $59,321.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 55,951 shares of company stock valued at $4,065,995. 56.93% of the stock is owned by company insiders.

W has been the topic of a number of recent analyst reports. KeyCorp reissued a “hold” rating on shares of Wayfair in a research report on Friday, September 29th. Ifs Securities began coverage on shares of Wayfair in a research report on Friday, September 1st. They issued an “outperform” rating and a $85.00 price objective on the stock. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $89.00 target price on shares of Wayfair in a research report on Friday, September 8th. Moffett Nathanson began coverage on shares of Wayfair in a research report on Monday, December 4th. They issued a “buy” rating on the stock. Finally, Oppenheimer reaffirmed a “buy” rating and issued a $88.00 target price on shares of Wayfair in a research report on Wednesday, September 13th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have given a buy rating to the company. Wayfair currently has an average rating of “Buy” and a consensus target price of $76.01.

Shares of Wayfair Inc. (W) traded down $0.97 during trading hours on Friday, reaching $73.95. 1,225,820 shares of the company were exchanged, compared to its average volume of 1,283,041. The company has a quick ratio of 1.17, a current ratio of 1.19 and a debt-to-equity ratio of 135.98. Wayfair Inc. has a 12-month low of $34.30 and a 12-month high of $84.19.

Wayfair (NYSE:W) last issued its quarterly earnings results on Thursday, November 2nd. The company reported ($0.65) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.68) by $0.03. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Wayfair had a negative net margin of 5.06% and a negative return on equity of 658.45%. Wayfair’s quarterly revenue was up 39.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.54) EPS. research analysts expect that Wayfair Inc. will post -2.63 earnings per share for the current fiscal year.

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About Wayfair

Wayfair Inc (Wayfair) offers browsing, merchandising and product discovery for a range of products from various suppliers. The Company operates through two segments: U.S. and International. The U.S. segment consists of amounts earned through product sales through the Company’s five sites in the United States and through sites operated by third parties in the United States.

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Institutional Ownership by Quarter for Wayfair (NYSE:W)

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