Creative Planning Purchases 1,863 Shares of Wayfair Inc. $W

Creative Planning increased its holdings in Wayfair Inc. (NYSE:W) by 11.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,924 shares of the company’s stock after acquiring an additional 1,863 shares during the quarter. Creative Planning’s holdings in Wayfair were worth $917,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in Wayfair by 3.7% in the second quarter. Geode Capital Management LLC now owns 1,661,496 shares of the company’s stock worth $84,985,000 after buying an additional 59,083 shares during the last quarter. Nan Fung Trinity HK Ltd. increased its holdings in Wayfair by 17.4% during the second quarter. Nan Fung Trinity HK Ltd. now owns 302,500 shares of the company’s stock valued at $15,470,000 after buying an additional 44,800 shares during the last quarter. Vise Technologies Inc. purchased a new stake in shares of Wayfair in the 2nd quarter worth $367,000. ProShare Advisors LLC raised its stake in shares of Wayfair by 12.0% in the second quarter. ProShare Advisors LLC now owns 83,854 shares of the company’s stock worth $4,288,000 after buying an additional 9,012 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Wayfair by 374.2% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 231,584 shares of the company’s stock worth $11,843,000 after acquiring an additional 182,744 shares during the period. Hedge funds and other institutional investors own 89.67% of the company’s stock.

Insider Buying and Selling at Wayfair

In other news, CEO Niraj Shah sold 150,000 shares of the company’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $105.91, for a total value of $15,886,500.00. Following the sale, the chief executive officer directly owned 729,137 shares of the company’s stock, valued at $77,222,899.67. This represents a 17.06% 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, insider Steven Conine sold 150,000 shares of the company’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $105.92, for a total transaction of $15,888,000.00. Following the completion of the sale, the insider directly owned 729,073 shares in the company, valued at approximately $77,223,412.16. The trade was a 17.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 955,959 shares of company stock valued at $88,260,274. 21.91% of the stock is currently owned by insiders.

Wayfair Stock Down 0.7%

Shares of Wayfair stock opened at $110.02 on Tuesday. Wayfair Inc. has a 52 week low of $20.41 and a 52 week high of $114.92. The company has a 50 day moving average price of $94.16 and a 200 day moving average price of $73.55. The firm has a market capitalization of $14.34 billion, a P/E ratio of -42.98 and a beta of 3.25.

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

Analyst Ratings Changes

A number of research firms have commented on W. Zacks Research cut Wayfair from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Bank of America upgraded shares of Wayfair from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 28th. Zelman & Associates raised their price target on Wayfair from $85.00 to $96.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 5th. Evercore ISI raised their price objective on shares of Wayfair from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Finally, Needham & Company LLC lifted their target price on Wayfair from $83.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Wayfair presently has a consensus rating of “Moderate Buy” and an average target price of $105.57.

Wayfair Company 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.