Wayfair Inc. $W Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers lowered its position in shares of Wayfair Inc. (NYSE:W) by 33.6% in the 1st quarter, Holdings Channel reports. The fund owned 13,741 shares of the company’s stock after selling 6,966 shares during the period. Cetera Investment Advisers’ holdings in Wayfair were worth $1,033,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership boosted its stake in Wayfair by 826.0% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,817,056 shares of the company’s stock valued at $251,648,000 after purchasing an additional 2,512,854 shares during the period. Voloridge Investment Management LLC bought a new stake in shares of Wayfair during the third quarter valued at approximately $108,125,000. Norges Bank bought a new stake in shares of Wayfair during the fourth quarter valued at approximately $117,973,000. AQR Capital Management LLC boosted its position in shares of Wayfair by 197.3% during the second quarter. AQR Capital Management LLC now owns 1,557,937 shares of the company’s stock worth $79,673,000 after buying an additional 1,033,865 shares during the period. Finally, Holocene Advisors LP boosted its position in shares of Wayfair by 351.9% during the second quarter. Holocene Advisors LP now owns 1,294,057 shares of the company’s stock worth $66,178,000 after buying an additional 1,007,676 shares during the period. Institutional investors and hedge funds own 89.67% of the company’s stock.

Wayfair Price Performance

Shares of W stock opened at $101.59 on Friday. The firm has a market cap of $13.41 billion, a P/E ratio of -41.30, a PEG ratio of 4.48 and a beta of 2.99. The stock’s 50-day moving average is $90.52 and its two-hundred day moving average is $81.71. Wayfair Inc. has a fifty-two week low of $55.60 and a fifty-two week high of $119.98.

Wayfair (NYSE:W) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. The business had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.47 billion. Wayfair had a negative return on equity of 3.40% and a negative net margin of 2.49%.The firm’s revenue was up 7.5% compared to the same quarter last year. During the same period last year, the business earned $0.87 EPS. As a group, research analysts expect that Wayfair Inc. will post 0.75 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently commented on W. The Goldman Sachs Group restated a “neutral” rating on shares of Wayfair in a research report on Wednesday, August 5th. Jefferies Financial Group reiterated a “hold” rating and set a $108.00 price target on shares of Wayfair in a research report on Tuesday, August 4th. Weiss Ratings raised Wayfair from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 17th. Royal Bank Of Canada raised their price target on Wayfair from $78.00 to $92.00 and gave the company a “sector perform” rating in a report on Wednesday, August 5th. Finally, Wedbush lifted their price objective on shares of Wayfair from $85.00 to $125.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Wayfair currently has a consensus rating of “Moderate Buy” and an average price target of $119.70.

Insider Transactions at Wayfair

In other news, insider Jon Blotner sold 5,925 shares of the business’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $96.29, for a total value of $570,518.25. Following the completion of the sale, the insider directly owned 117,344 shares in the company, valued at approximately $11,299,053.76. The trade was a 4.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Niraj Shah sold 69,000 shares of Wayfair stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $103.36, for a total value of $7,131,840.00. Following the completion of the transaction, the chief executive officer owned 360,137 shares in the company, valued at $37,223,760.32. The trade was a 16.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 143,925 shares of company stock worth $14,834,198. 18.44% of the stock is owned by insiders.

Trending Headlines about Wayfair

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Physical retail expansion: Wayfair plans to open Pennsylvania’s first physical retail location in Pittsburgh. The store could help customers see products in person, support brand awareness and complement the company’s online marketplace. Wayfair to open Pennsylvania’s first physical retail location in Pittsburgh
• Positive Sentiment: Stores viewed as potential growth engine: Commentary suggests Wayfair’s physical-retail strategy is emerging as a possible long-term growth driver, potentially broadening customer reach and improving product discovery beyond its digital platform. Wayfair’s physical retail emerging as growth engine
• Neutral Sentiment: Promotional activity remains prominent: Wayfair was featured in end-of-summer clearance coverage, including discounts on fire pits, fire tables and home products. Promotions may stimulate near-term orders and clear inventory, but could also pressure margins. Final summer clearance savings from Saatva, Wayfair, REI and more
• Negative Sentiment: CEO and director sales: CEO Niraj Shah and director Steven Conine each sold 69,000 shares at an average of $103.36, reducing their individual holdings by about 16%. The transactions were made under pre-arranged Rule 10b5-1 trading plans, which lessens—but does not eliminate—the negative signaling risk. CEO insider sale filing

Wayfair Profile

Wayfair Inc (NYSE: W) is an e-commerce company focused on home furnishings and décor. Through its platform, Wayfair offers a broad assortment of furniture, lighting, home textiles, kitchenware and decorative accessories. The company’s portfolio includes flagship sites such as Wayfair.com, as well as specialty retail brands like Joss & Main, AllModern, Birch Lane and Perigold, each catering to distinct design styles and price points.

Founded in 2002 by Niraj Shah and Steve Conine under the name CSN Stores, the business rebranded as Wayfair in 2011 and went public in 2014.