Ingalls & Snyder LLC Has $5.16 Million Stock Holdings in Wayfair Inc. $W

Ingalls & Snyder LLC lessened its stake in Wayfair Inc. (NYSE:W) by 0.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 100,882 shares of the company’s stock after selling 491 shares during the quarter. Ingalls & Snyder LLC owned about 0.08% of Wayfair worth $5,159,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of W. Swiss National Bank boosted its holdings in Wayfair by 0.3% in the first quarter. Swiss National Bank now owns 183,300 shares of the company’s stock valued at $5,871,000 after acquiring an additional 600 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Wayfair by 85.8% during the 1st quarter. GAMMA Investing LLC now owns 1,319 shares of the company’s stock valued at $42,000 after purchasing an additional 609 shares during the last quarter. IFP Advisors Inc increased its holdings 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 acquiring an additional 617 shares during the last quarter. Parallel Advisors LLC grew its holdings in Wayfair by 229.0% during the 2nd quarter. Parallel Advisors LLC now owns 1,576 shares of the company’s stock valued at $81,000 after buying an additional 1,097 shares in the last quarter. Finally, KLP Kapitalforvaltning AS grew its holdings in Wayfair by 6.3% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 20,400 shares of the company’s stock valued at $1,043,000 after buying an additional 1,200 shares in the last quarter. Institutional investors own 89.67% of the company’s stock.

Wayfair Stock Performance

Shares of W stock opened at $83.12 on Friday. The stock’s 50-day simple moving average is $82.48 and its 200-day simple moving average is $59.62. The firm has a market capitalization of $10.78 billion, a PE ratio of -34.63 and a beta of 3.03. Wayfair Inc. has a fifty-two week low of $20.41 and a fifty-two week high of $91.77.

Wayfair (NYSE:W) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.54. The business had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $3.11 billion. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.47 EPS. Sell-side analysts forecast that Wayfair Inc. will post -2.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

W has been the subject of a number of recent research reports. Evercore ISI boosted their target price on Wayfair from $85.00 to $100.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 16th. Jefferies Financial Group upped their price target on shares of Wayfair from $91.00 to $102.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Mizuho increased their price objective on Wayfair from $50.00 to $88.00 and gave the company an “outperform” rating in a research report on Tuesday, August 5th. Needham & Company LLC raised their target price on Wayfair from $40.00 to $83.00 and gave the stock a “buy” rating in a research report on Monday, August 4th. Finally, Zacks Research cut Wayfair from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Two 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.88.

Insiders Place Their Bets

In related news, insider Steven Conine sold 199,473 shares of Wayfair stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $78.40, for a total value of $15,638,683.20. Following the completion of the transaction, the insider directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Niraj Shah sold 199,422 shares of Wayfair stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $78.40, for a total value of $15,634,684.80. Following the sale, the chief executive officer owned 544,137 shares in the company, valued at $42,660,340.80. This trade represents a 26.82% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,200,000 shares of company stock valued at $97,390,637. 21.91% of the stock is currently owned by company insiders.

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.