2,470 Shares in Wayfair Inc. (NYSE:W) Purchased by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. acquired a new stake in Wayfair Inc. (NYSE:WGet Rating) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,470 shares of the company’s stock, valued at approximately $274,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Arizona State Retirement System raised its stake in Wayfair by 3.1% in the first quarter. Arizona State Retirement System now owns 20,621 shares of the company’s stock valued at $2,284,000 after buying an additional 617 shares during the period. Handelsbanken Fonder AB grew its position in shares of Wayfair by 27.9% in the first quarter. Handelsbanken Fonder AB now owns 13,164 shares of the company’s stock valued at $1,458,000 after purchasing an additional 2,875 shares during the last quarter. Values First Advisors Inc. acquired a new position in shares of Wayfair in the fourth quarter valued at approximately $552,000. Wishbone Management LP grew its position in shares of Wayfair by 214.7% in the fourth quarter. Wishbone Management LP now owns 535,000 shares of the company’s stock valued at $101,634,000 after purchasing an additional 365,000 shares during the last quarter. Finally, Forsta AP Fonden acquired a new position in shares of Wayfair in the first quarter valued at approximately $1,529,000. Institutional investors own 91.05% of the company’s stock.

Insider Buying and Selling

In related news, COO Thomas Netzer sold 1,965 shares of Wayfair stock in a transaction that occurred on Tuesday, July 5th. The shares were sold at an average price of $43.93, for a total value of $86,322.45. Following the completion of the transaction, the chief operating officer now directly owns 47,295 shares in the company, valued at approximately $2,077,669.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, COO Thomas Netzer sold 1,965 shares of the company’s stock in a transaction on Tuesday, July 5th. The shares were sold at an average price of $43.93, for a total value of $86,322.45. Following the completion of the transaction, the chief operating officer now directly owns 47,295 shares in the company, valued at $2,077,669.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steve Oblak sold 1,687 shares of the business’s stock in a transaction on Friday, September 16th. The stock was sold at an average price of $46.59, for a total transaction of $78,597.33. Following the completion of the sale, the insider now directly owns 160,746 shares of the company’s stock, valued at $7,489,156.14. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,199 shares of company stock valued at $993,625. 26.81% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on W. UBS Group reduced their price target on Wayfair from $75.00 to $50.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 27th. Wells Fargo & Company reduced their price target on Wayfair from $65.00 to $50.00 and set an “underweight” rating on the stock in a research report on Wednesday, June 8th. Cowen reduced their price target on Wayfair from $140.00 to $84.00 in a research report on Monday, August 1st. Evercore ISI reduced their price target on Wayfair to $65.00 in a research report on Thursday, June 9th. Finally, Stifel Nicolaus reduced their price target on Wayfair from $60.00 to $55.00 in a research report on Friday, July 15th. Ten equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $96.38.

Wayfair Trading Down 6.8 %

Shares of Wayfair stock opened at $42.94 on Wednesday. The business has a 50-day moving average price of $55.41 and a two-hundred day moving average price of $71.07. Wayfair Inc. has a 1-year low of $42.67 and a 1-year high of $298.00.

Wayfair (NYSE:WGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The company reported ($3.21) earnings per share for the quarter, topping analysts’ consensus estimates of ($3.24) by $0.03. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.19 billion. The business’s revenue was down 14.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.23 earnings per share. On average, sell-side analysts forecast that Wayfair Inc. will post -12.28 earnings per share for the current year.

Wayfair Company Profile

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Wayfair Inc engages in the e-commerce business in the United States and internationally. The company provides approximately thirty-three million products for the home sector under various brands. It 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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