Scientech Research LLC Increases Holdings in Wayfair Inc. $W

Scientech Research LLC lifted its position in Wayfair Inc. (NYSE:W) by 33.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,187 shares of the company’s stock after buying an additional 9,003 shares during the period. Scientech Research LLC’s holdings in Wayfair were worth $1,159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of W. GAMMA Investing LLC lifted its holdings in Wayfair by 5,850.4% in the first quarter. GAMMA Investing LLC now owns 42,248 shares of the company’s stock valued at $1,319,000 after acquiring an additional 41,538 shares during the period. SG Americas Securities LLC raised its position in Wayfair by 74.4% in the first quarter. SG Americas Securities LLC now owns 21,963 shares of the company’s stock worth $703,000 after acquiring an additional 9,372 shares during the period. Northern Trust Corp boosted its stake in shares of Wayfair by 11.4% during the 4th quarter. Northern Trust Corp now owns 463,457 shares of the company’s stock worth $20,540,000 after acquiring an additional 47,326 shares during the last quarter. Algert Global LLC bought a new stake in shares of Wayfair during the 1st quarter valued at $869,000. Finally, Ameritas Advisory Services LLC grew its position in shares of Wayfair by 304.3% during the 1st quarter. Ameritas Advisory Services LLC now owns 20,916 shares of the company’s stock valued at $672,000 after acquiring an additional 15,742 shares during the period. Institutional investors own 89.67% of the company’s stock.

Insider Activity

In related news, insider Steven Conine sold 85,000 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $80.07, for a total value of $6,805,950.00. Following the sale, the insider directly owned 459,073 shares in the company, valued at approximately $36,757,975.11. The trade was a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Niraj Shah sold 85,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $80.07, for a total value of $6,805,950.00. Following the transaction, the chief executive officer owned 459,137 shares of the company’s stock, valued at $36,763,099.59. This represents a 15.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,240,204 shares of company stock worth $81,706,986 over the last ninety days. Insiders own 21.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on W. Wells Fargo & Company set a $84.00 target price on Wayfair and gave the company an “overweight” rating in a research report on Tuesday, August 5th. Argus raised Wayfair from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Monday, May 12th. Sanford C. Bernstein reiterated a “market perform” rating and set a $70.00 price objective (up from $50.00) on shares of Wayfair in a research note on Tuesday, August 5th. UBS Group raised their target price on shares of Wayfair from $80.00 to $91.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Finally, Mizuho upped their price target on shares of Wayfair from $50.00 to $88.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $69.19.

Wayfair Stock Performance

W stock opened at $89.61 on Friday. The company’s fifty day moving average price is $67.85 and its 200-day moving average price is $47.40. Wayfair Inc. has a one year low of $20.41 and a one year high of $90.05. The company has a market capitalization of $11.62 billion, a PE ratio of -37.34 and a beta of 2.95.

Wayfair (NYSE:W) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.47 earnings per share. On average, research analysts predict 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.