DekaBank Deutsche Girozentrale Has $55,000 Stake in Wayfair Inc. $W

DekaBank Deutsche Girozentrale lowered its position in Wayfair Inc. (NYSE:W) by 82.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,074 shares of the company’s stock after selling 5,000 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Wayfair were worth $55,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Alyeska Investment Group L.P. lifted its position in shares of Wayfair by 681.8% in the 1st quarter. Alyeska Investment Group L.P. now owns 5,462,651 shares of the company’s stock worth $174,969,000 after purchasing an additional 4,763,944 shares during the period. Southpoint Capital Advisors LP lifted its position in shares of Wayfair by 42.9% in the 1st quarter. Southpoint Capital Advisors LP now owns 4,000,000 shares of the company’s stock worth $128,120,000 after purchasing an additional 1,200,000 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Wayfair by 0.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,012,048 shares of the company’s stock worth $32,416,000 after purchasing an additional 2,736 shares during the period. AQR Capital Management LLC lifted its position in shares of Wayfair by 111.7% in the 1st quarter. AQR Capital Management LLC now owns 524,072 shares of the company’s stock worth $16,786,000 after purchasing an additional 276,471 shares during the period. Finally, Beck Bode LLC acquired a new position in shares of Wayfair in the 1st quarter worth approximately $13,322,000. Institutional investors and hedge funds own 89.67% of the company’s stock.

Insider Activity at Wayfair

In related news, CEO Niraj Shah sold 199,422 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $78.40, for a total value of $15,634,684.80. Following the transaction, the chief executive officer directly owned 544,137 shares in the company, valued at approximately $42,660,340.80. This represents a 26.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven Conine sold 199,473 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $78.40, for a total transaction of $15,638,683.20. Following the completion of the transaction, the insider owned 544,073 shares in the company, valued at approximately $42,655,323.20. This trade represents a 26.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,200,000 shares of company stock worth $97,390,637. 21.91% of the stock is owned by company insiders.

Wayfair Trading Up 4.5%

W stock opened at $86.80 on Tuesday. The company’s 50 day moving average is $82.64 and its 200 day moving average is $60.24. The stock has a market cap of $11.25 billion, a price-to-earnings ratio of -36.16 and a beta of 3.03. Wayfair Inc. has a 1-year low of $20.41 and a 1-year high of $91.77.

Wayfair (NYSE:W) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.54. The company had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.11 billion. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the company posted $0.47 earnings per share. As a group, sell-side analysts forecast that Wayfair Inc. will post -2.54 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on W. UBS Group boosted their price target on shares of Wayfair from $91.00 to $102.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. Wedbush restated a “neutral” rating on shares of Wayfair in a research report on Tuesday, August 5th. Wall Street Zen upgraded shares of Wayfair from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Evercore ISI boosted their target price on shares of Wayfair from $85.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, September 16th. Finally, Zelman & Associates boosted their target price on shares of Wayfair from $85.00 to $96.00 and gave the company an “outperform” rating in a research report on Tuesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Wayfair has an average rating of “Moderate Buy” and an average target price of $77.77.

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.