Wayfair Inc. (NYSE:W) Shares Sold by American Century Companies Inc.

American Century Companies Inc. lessened its stake in shares of Wayfair Inc. (NYSE:W) by 22.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 199,714 shares of the company’s stock after selling 58,847 shares during the quarter. American Century Companies Inc. owned about 0.17% of Wayfair worth $10,531,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in W. Capital World Investors grew its position in Wayfair by 8.7% in the fourth quarter. Capital World Investors now owns 12,042,210 shares of the company’s stock worth $743,004,000 after buying an additional 962,307 shares during the last quarter. Norges Bank acquired a new stake in shares of Wayfair during the fourth quarter worth $47,374,000. Kodai Capital Management LP acquired a new position in shares of Wayfair in the 4th quarter valued at $23,552,000. Vanguard Group Inc. boosted its holdings in shares of Wayfair by 4.5% in the first quarter. Vanguard Group Inc. now owns 8,467,900 shares of the company’s stock worth $574,801,000 after buying an additional 363,948 shares during the period. Finally, Mesirow Institutional Investment Management Inc. purchased a new stake in shares of Wayfair in the 1st quarter valued at approximately $13,690,000. Institutional investors own 89.67% of the company’s stock.

Insiders Place Their Bets

In related news, COO Thomas Netzer sold 1,011 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $49.42, for a total value of $49,963.62. Following the completion of the transaction, the chief operating officer now owns 151,802 shares of the company’s stock, valued at $7,502,054.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Jon Blotner sold 4,801 shares of the business’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $50.95, for a total transaction of $244,610.95. Following the transaction, the insider now directly owns 53,152 shares in the company, valued at $2,708,094.40. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Thomas Netzer sold 1,011 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $49.42, for a total transaction of $49,963.62. Following the completion of the sale, the chief operating officer now owns 151,802 shares of the company’s stock, valued at approximately $7,502,054.84. The disclosure for this sale can be found here. Insiders sold a total of 41,113 shares of company stock valued at $2,126,623 in the last quarter. 26.81% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on W shares. StockNews.com raised Wayfair from a “sell” rating to a “hold” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Wayfair from $87.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Loop Capital lowered their price target on Wayfair from $60.00 to $50.00 and set a “hold” rating on the stock in a report on Friday, June 21st. Bank of America lowered Wayfair from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $85.00 to $58.00 in a research note on Thursday, August 1st. Finally, JPMorgan Chase & Co. dropped their target price on shares of Wayfair from $80.00 to $63.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Twelve research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Wayfair currently has a consensus rating of “Moderate Buy” and an average target price of $65.63.

Wayfair Price Performance

NYSE:W opened at $52.85 on Monday. The business’s 50-day simple moving average is $46.48 and its 200-day simple moving average is $54.80. Wayfair Inc. has a fifty-two week low of $38.02 and a fifty-two week high of $76.18. The stock has a market capitalization of $6.36 billion, a PE ratio of -9.86 and a beta of 3.40.

Wayfair (NYSE:W) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). The company had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.18 billion. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.27) EPS. On average, research analysts expect that Wayfair Inc. will post -2.66 earnings per share for the current year.

Wayfair Profile

Wayfair Inc provides e-commerce business in the United States and internationally. The company offers approximately thirty million products for the home sector. It offers online selections of furniture, décor, housewares, and home improvement products through its sites consisting of Wayfair, Joss & Main, AllModern, Birch Lane, Perigold, and Wayfair Professional.