Hamilton Lane Advisors LLC Takes $3.61 Million Position in Wayfair Inc. (NYSE:W)

Hamilton Lane Advisors LLC bought a new stake in shares of Wayfair Inc. (NYSE:W) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 14,135 shares of the company’s stock, valued at approximately $3,612,000. Wayfair accounts for 0.6% of Hamilton Lane Advisors LLC’s investment portfolio, making the stock its 21st biggest position.

A number of other large investors have also made changes to their positions in W. Activest Wealth Management bought a new stake in Wayfair during the 2nd quarter valued at approximately $33,000. Quadrant Capital Group LLC boosted its stake in Wayfair by 55.4% during the 2nd quarter. Quadrant Capital Group LLC now owns 129 shares of the company’s stock valued at $41,000 after purchasing an additional 46 shares during the period. Canada Pension Plan Investment Board bought a new stake in Wayfair during the 2nd quarter valued at approximately $47,000. RPg Family Wealth Advisory LLC bought a new stake in Wayfair during the 2nd quarter valued at approximately $63,000. Finally, Tsfg LLC boosted its stake in Wayfair by 1,478.6% during the 2nd quarter. Tsfg LLC now owns 221 shares of the company’s stock valued at $70,000 after purchasing an additional 207 shares during the period. Hedge funds and other institutional investors own 83.90% of the company’s stock.

W stock traded up $19.52 during midday trading on Thursday, reaching $279.32. 1,896,173 shares of the company’s stock traded hands, compared to its average volume of 1,557,967. The company has a 50-day simple moving average of $254.85 and a two-hundred day simple moving average of $281.56. Wayfair Inc. has a 1-year low of $222.28 and a 1-year high of $369.00. The company has a market cap of $29.20 billion, a price-to-earnings ratio of 358.11 and a beta of 2.92.

Wayfair (NYSE:W) last released its quarterly earnings results on Thursday, November 4th. The company reported $0.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.13. Wayfair had a negative return on equity of 10.52% and a net margin of 0.67%. The firm had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $3.24 billion. During the same period last year, the firm posted $1.80 EPS. The business’s revenue was down 18.7% on a year-over-year basis. On average, sell-side analysts anticipate that Wayfair Inc. will post -0.83 earnings per share for the current fiscal year.

In related news, COO Thomas Netzer sold 5,000 shares of the firm’s stock in a transaction on Monday, November 1st. The stock was sold at an average price of $250.00, for a total transaction of $1,250,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Steve Oblak sold 1,944 shares of Wayfair stock in a transaction on Thursday, September 16th. The shares were sold at an average price of $276.92, for a total value of $538,332.48. Following the completion of the sale, the insider now directly owns 144,794 shares of the company’s stock, valued at $40,096,354.48. The disclosure for this sale can be found here. Insiders have sold a total of 20,763 shares of company stock valued at $5,159,974 over the last ninety days. Insiders own 27.53% of the company’s stock.

A number of brokerages have commented on W. Morgan Stanley raised their price objective on Wayfair from $195.00 to $200.00 and gave the stock an “underweight” rating in a research report on Monday, November 8th. Wedbush reduced their price objective on Wayfair from $300.00 to $290.00 and set an “outperform” rating for the company in a research report on Friday, November 5th. JPMorgan Chase & Co. reduced their price objective on Wayfair from $240.00 to $200.00 and set an “underweight” rating for the company in a research report on Monday, August 2nd. Citigroup reduced their price objective on Wayfair from $225.00 to $200.00 and set a “sell” rating for the company in a research report on Monday, November 8th. Finally, Credit Suisse Group reduced their price objective on Wayfair from $380.00 to $321.00 and set an “outperform” rating for the company in a research report on Monday, November 1st. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Wayfair has a consensus rating of “Hold” and a consensus price target of $302.58.

Wayfair Company Profile

Wayfair, Inc engages in an online home furnishing store. It operates through the U.S. and International segments. The U.S. segment consists of amounts earned through product sales through the Company’s five distinct sites in the U.S. and through websites operated by third parties in the U.S. The International segment is composed of earnings through products sales in international sites.

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Institutional Ownership by Quarter for Wayfair (NYSE:W)

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