Wayfair Inc. $W Stock Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. reduced its position in shares of Wayfair Inc. (NYSE:W) by 61.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 124,000 shares of the company’s stock after selling 200,000 shares during the period. Jefferies Financial Group Inc.’s holdings in Wayfair were worth $12,717,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of W. Janus Henderson Group PLC grew its position in shares of Wayfair by 8.3% during the 1st quarter. Janus Henderson Group PLC now owns 3,866,708 shares of the company’s stock valued at $290,813,000 after acquiring an additional 296,233 shares during the period. Atreides Management LP increased its stake in shares of Wayfair by 64.3% in the 1st quarter. Atreides Management LP now owns 1,430,997 shares of the company’s stock valued at $107,625,000 after purchasing an additional 560,133 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Wayfair by 46.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,036,531 shares of the company’s stock worth $77,923,000 after purchasing an additional 328,358 shares during the period. Assenagon Asset Management S.A. raised its holdings in Wayfair by 42.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 818,591 shares of the company’s stock worth $75,654,000 after purchasing an additional 242,791 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Wayfair by 1.8% in the 1st quarter. Bank of New York Mellon Corp now owns 310,825 shares of the company’s stock worth $23,377,000 after purchasing an additional 5,586 shares during the period. 89.67% of the stock is owned by hedge funds and other institutional investors.

Wayfair Stock Up 1.4%

Shares of NYSE W opened at $114.13 on Thursday. The company’s 50-day simple moving average is $106.82 and its 200-day simple moving average is $89.26. Wayfair Inc. has a 52-week low of $55.60 and a 52-week high of $127.99. The firm has a market cap of $15.06 billion, a price-to-earnings ratio of 116.00, a price-to-earnings-growth ratio of 5.10 and a beta of 3.10.

Wayfair (NYSE:W) last released its quarterly earnings results on Wednesday, November 4th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.13. Wayfair had a negative net margin of 1.21% and a negative return on equity of 5.14%. The firm had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.38 billion. During the same quarter in the prior year, the firm earned $0.70 EPS. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. Equities research analysts anticipate that Wayfair Inc. will post 0.97 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on W. Wall Street Zen upgraded Wayfair from a “hold” rating to a “buy” rating in a research report on Saturday, November 7th. Royal Bank Of Canada boosted their price objective on Wayfair from $96.00 to $128.00 and gave the company a “sector perform” rating in a research report on Thursday, November 5th. Wedbush upped their target price on Wayfair from $125.00 to $138.00 and gave the stock a “neutral” rating in a research note on Thursday, November 5th. BNP Paribas Exane upped their target price on Wayfair from $108.00 to $134.00 and gave the stock a “neutral” rating in a research note on Thursday, November 5th. Finally, Rosenblatt Securities started coverage on Wayfair in a research report on Thursday, August 20th. They set a “buy” rating and a $125.00 target price on the stock. Four research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Wayfair presently has a consensus rating of “Moderate Buy” and an average target price of $128.44.

Insider Transactions at Wayfair

In other Wayfair news, CTO Fiona Tan sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $122.73, for a total transaction of $859,110.00. Following the completion of the sale, the chief technology officer directly owned 181,698 shares in the company, valued at approximately $22,299,795.54. The trade was a 3.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jon Blotner sold 500 shares of the stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $120.00, for a total value of $60,000.00. Following the transaction, the insider directly owned 115,385 shares of the company’s stock, valued at $13,846,200. The trade was a 0.43% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 554,070 shares of company stock valued at $59,832,364. 18.44% of the stock is currently owned by corporate insiders.

Wayfair Company Profile

Wayfair Inc. is an e-commerce company focused on furniture and home furnishings. Its online platform offers products for living rooms, bedrooms, kitchens, bathrooms, outdoor spaces and other areas of the home, including furniture, décor, lighting, rugs and housewares. The company operates a portfolio of retail brands, including Wayfair, AllModern, Birch Lane, Joss & Main and Perigold. It serves customers primarily in the United States and Canada, as well as in select international markets. Wayfair was founded in 2002 by Niraj Shah and Steve Conine as CSN Stores and adopted the Wayfair name in 2011.