Wayfair Inc. (W) Shares Bought by Dynamic Technology Lab Private Ltd
Dynamic Technology Lab Private Ltd increased its stake in shares of Wayfair Inc. (NYSE:W) by 249.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,600 shares of the company’s stock after buying an additional 8,996 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Wayfair were worth $849,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of W. BNP Paribas Arbitrage SA boosted its position in Wayfair by 96.2% during the second quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock worth $105,000 after purchasing an additional 667 shares during the period. UBS Group AG boosted its position in Wayfair by 55.5% during the first quarter. UBS Group AG now owns 2,690 shares of the company’s stock worth $109,000 after purchasing an additional 960 shares during the period. Delta Asset Management LLC TN boosted its position in Wayfair by 375.0% during the third quarter. Delta Asset Management LLC TN now owns 1,900 shares of the company’s stock worth $128,000 after purchasing an additional 1,500 shares during the period. First Mercantile Trust Co. bought a new position in Wayfair during the second quarter worth about $138,000. Finally, Advisors Asset Management Inc. boosted its position in Wayfair by 1,512.5% during the third quarter. Advisors Asset Management Inc. now owns 2,322 shares of the company’s stock worth $157,000 after purchasing an additional 2,178 shares during the period. Institutional investors and hedge funds own 70.06% of the company’s stock.
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W has been the subject of a number of research reports. Credit Suisse Group cut their target price on shares of Wayfair from $78.00 to $69.00 and set a “neutral” rating for the company in a research report on Friday, November 3rd. Ifs Securities began coverage on shares of Wayfair in a research report on Friday, September 1st. They set an “outperform” rating and a $85.00 target price for the company. Stifel Nicolaus upgraded shares of Wayfair from a “hold” rating to a “buy” rating and raised their price objective for the company from $75.00 to $78.00 in a research report on Friday, August 25th. Cowen and Company restated a “buy” rating and issued a $72.00 price objective (down from $82.00) on shares of Wayfair in a research report on Wednesday, November 1st. Finally, Robert W. Baird restated a “hold” rating and issued a $73.00 price objective on shares of Wayfair in a research report on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $76.01.
Shares of Wayfair Inc. (W) opened at $68.25 on Thursday. 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 one year low of $33.60 and a one year high of $84.19.
Wayfair (NYSE:W) last announced its earnings results on Thursday, November 2nd. The company reported ($0.65) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.03. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the firm posted ($0.54) earnings per share. sell-side analysts forecast that Wayfair Inc. will post -2.63 EPS for the current year.
In other Wayfair news, SVP Steve Oblak sold 400 shares of Wayfair stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 120,621 shares of the company’s stock, valued at $9,398,788.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Andrew Kumin sold 7,231 shares of Wayfair stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $68.47, for a total transaction of $495,106.57. Following the transaction, the director now directly owns 156,439 shares in the company, valued at $10,711,378.33. The disclosure for this sale can be found here. Insiders sold 174,707 shares of company stock worth $12,158,046 over the last ninety days. 56.93% of the stock is currently owned by insiders.
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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