Check Capital Management Inc. CA Has $8.54 Million Holdings in Wayfair Inc. $W

Check Capital Management Inc. CA reduced its position in Wayfair Inc. (NYSE:W) by 0.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 166,983 shares of the company’s stock after selling 762 shares during the quarter. Wayfair makes up about 0.3% of Check Capital Management Inc. CA’s investment portfolio, making the stock its 15th largest holding. Check Capital Management Inc. CA’s holdings in Wayfair were worth $8,539,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC increased its position in Wayfair by 85.8% in the 1st quarter. GAMMA Investing LLC now owns 1,319 shares of the company’s stock worth $42,000 after purchasing an additional 609 shares during the last quarter. Parallel Advisors LLC increased its position in Wayfair by 229.0% in the 2nd quarter. Parallel Advisors LLC now owns 1,576 shares of the company’s stock worth $81,000 after purchasing an additional 1,097 shares during the last quarter. IFP Advisors Inc increased its position in Wayfair by 49.3% in the 2nd quarter. IFP Advisors Inc now owns 1,869 shares of the company’s stock worth $96,000 after purchasing an additional 617 shares during the last quarter. GFG Capital LLC acquired a new position in Wayfair in the 2nd quarter worth about $102,000. Finally, Caitong International Asset Management Co. Ltd increased its position in Wayfair by 15,266.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 4,610 shares of the company’s stock worth $148,000 after purchasing an additional 4,580 shares during the last quarter. 89.67% of the stock is owned by institutional investors and hedge funds.

Wayfair Price Performance

W stock opened at $74.24 on Friday. Wayfair Inc. has a 52-week low of $20.41 and a 52-week high of $91.77. The company has a 50-day moving average of $81.26 and a two-hundred day moving average of $56.01. The stock has a market capitalization of $9.63 billion, a price-to-earnings ratio of -30.93 and a beta of 3.03.

Wayfair (NYSE:W) last released 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 firm had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter last year, the company earned $0.47 earnings per share. The firm’s revenue was up 5.0% on a year-over-year basis. Equities analysts expect that Wayfair Inc. will post -2.54 EPS for the current fiscal year.

Insider Transactions at Wayfair

In related news, CEO Niraj Shah sold 85,000 shares of the stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $86.79, for a total value of $7,377,150.00. Following the completion of the sale, the chief executive officer owned 374,137 shares in the company, valued at approximately $32,471,350.23. This trade represents a 18.51% 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, insider Steven Conine sold 85,000 shares of the stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $86.79, for a total transaction of $7,377,150.00. Following the completion of the sale, the insider owned 374,073 shares of the company’s stock, valued at approximately $32,465,795.67. The trade was a 18.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 923,857 shares of company stock valued at $71,090,564 over the last 90 days. Corporate insiders own 21.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on W shares. Guggenheim reissued a “buy” rating and set a $90.00 target price on shares of Wayfair in a research report on Wednesday, August 27th. Citigroup increased their target price on shares of Wayfair from $93.00 to $105.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Royal Bank Of Canada increased their target price on shares of Wayfair from $25.00 to $51.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 5th. Wall Street Zen raised shares of Wayfair from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Finally, Stifel Nicolaus set a $68.00 target price on shares of Wayfair and gave the stock a “hold” rating in a research report on Tuesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.73.

About Wayfair

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.