Boston Partners Has $357,000 Holdings in Wayfair Inc. $W

Boston Partners decreased its stake in Wayfair Inc. (NYSE:W) by 71.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,989 shares of the company’s stock after selling 17,540 shares during the quarter. Boston Partners’ holdings in Wayfair were worth $357,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its holdings in shares of Wayfair by 111.7% in the first quarter. AQR Capital Management LLC now owns 524,072 shares of the company’s stock worth $16,786,000 after acquiring an additional 276,471 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Wayfair in the 2nd quarter valued at approximately $1,512,000. Jacobs Levy Equity Management Inc. acquired a new position in shares of Wayfair in the 1st quarter valued at approximately $452,000. Signaturefd LLC increased its stake in Wayfair by 10.1% during the 2nd quarter. Signaturefd LLC now owns 376,697 shares of the company’s stock worth $19,264,000 after purchasing an additional 34,507 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in Wayfair by 4.3% during the 1st quarter. Rhumbline Advisers now owns 91,272 shares of the company’s stock worth $2,923,000 after buying an additional 3,725 shares during the period. Institutional investors own 89.67% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Argus lifted their price target on shares of Wayfair from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Jefferies Financial Group upped their price objective on Wayfair from $91.00 to $102.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Canaccord Genuity Group increased their price objective on Wayfair from $100.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Bank of America upgraded Wayfair from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 28th. Finally, UBS Group upped their price target on Wayfair from $102.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $105.57.

Insider Activity

In related news, CEO Niraj Shah sold 30,000 shares of the stock in a transaction on Tuesday, October 28th. The stock was sold at an average price of $105.10, for a total value of $3,153,000.00. Following the sale, the chief executive officer owned 139,137 shares in the company, valued at approximately $14,623,298.70. This represents a 17.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kate Gulliver sold 9,612 shares of the firm’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $102.20, for a total value of $982,346.40. Following the sale, the chief financial officer directly owned 175,497 shares of the company’s stock, valued at $17,935,793.40. This represents a 5.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 825,959 shares of company stock valued at $70,097,674 in the last 90 days. 21.91% of the stock is owned by company insiders.

Wayfair Stock Down 4.2%

W stock opened at $102.05 on Monday. The company has a market cap of $13.30 billion, a price-to-earnings ratio of -39.86 and a beta of 3.03. Wayfair Inc. has a twelve month low of $20.41 and a twelve month high of $114.92. The business has a 50 day moving average price of $90.26 and a two-hundred day moving average price of $68.06.

Wayfair (NYSE:W) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.44 by $0.26. The company had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same period in the previous year, the company posted $0.22 EPS. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities research analysts anticipate that Wayfair Inc. will post -2.54 EPS for the current fiscal 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.