Wayfair Inc. (NYSE:W) Position Trimmed by Handelsinvest Investeringsforvaltning

Handelsinvest Investeringsforvaltning decreased its holdings in shares of Wayfair Inc. (NYSE:W) by 34.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,734 shares of the company’s stock after selling 1,419 shares during the period. Handelsinvest Investeringsforvaltning’s holdings in Wayfair were worth $186,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Northern Trust Corp boosted its holdings in shares of Wayfair by 6.5% during the third quarter. Northern Trust Corp now owns 375,336 shares of the company’s stock valued at $22,734,000 after acquiring an additional 23,022 shares during the period. Adage Capital Partners GP L.L.C. boosted its holdings in shares of Wayfair by 100.0% during the third quarter. Adage Capital Partners GP L.L.C. now owns 50,000 shares of the company’s stock valued at $3,028,000 after acquiring an additional 25,000 shares during the period. WealthPlan Investment Management LLC boosted its holdings in shares of Wayfair by 690.0% during the third quarter. WealthPlan Investment Management LLC now owns 4,961 shares of the company’s stock valued at $300,000 after acquiring an additional 4,333 shares during the period. Neo Ivy Capital Management boosted its holdings in shares of Wayfair by 38.2% during the third quarter. Neo Ivy Capital Management now owns 9,636 shares of the company’s stock valued at $584,000 after acquiring an additional 2,661 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of Wayfair by 48.9% during the third quarter. American Century Companies Inc. now owns 308,168 shares of the company’s stock valued at $18,666,000 after acquiring an additional 101,270 shares during the period. Institutional investors own 89.67% of the company’s stock.

Wall Street Analysts Forecast Growth

W has been the subject of several analyst reports. StockNews.com downgraded shares of Wayfair from a “hold” rating to a “sell” rating in a report on Sunday, June 23rd. Loop Capital reduced their price objective on shares of Wayfair from $60.00 to $50.00 and set a “hold” rating for the company in a report on Friday, June 21st. Sanford C. Bernstein upped their price objective on shares of Wayfair from $50.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday, May 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Wayfair in a report on Thursday, May 16th. Finally, BMO Capital Markets upped their price objective on shares of Wayfair from $57.00 to $61.00 and gave the stock a “market perform” rating in a report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Wayfair presently has an average rating of “Moderate Buy” and an average target price of $78.50.

Insiders Place Their Bets

In other Wayfair news, insider Jon Blotner sold 4,801 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $50.95, for a total transaction of $244,610.95. Following the transaction, the insider now owns 53,152 shares of the company’s stock, valued at approximately $2,708,094.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Kate Gulliver sold 5,825 shares of Wayfair stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $50.82, for a total transaction of $296,026.50. Following the completion of the transaction, the chief financial officer now directly owns 100,933 shares in the company, valued at approximately $5,129,415.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jon Blotner sold 4,801 shares of Wayfair stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $50.95, for a total value of $244,610.95. Following the transaction, the insider now owns 53,152 shares of the company’s stock, valued at $2,708,094.40. The disclosure for this sale can be found here. Insiders have sold 59,779 shares of company stock valued at $3,451,294 in the last 90 days. 23.50% of the stock is currently owned by insiders.

Wayfair Stock Down 0.2 %

NYSE W opened at $51.44 on Thursday. The stock’s 50-day moving average is $58.66 and its 200-day moving average is $58.32. Wayfair Inc. has a one year low of $38.37 and a one year high of $90.71.

Wayfair (NYSE:W) last announced its earnings results on Thursday, May 2nd. The company reported ($1.38) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.49) by $0.11. The firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.64 billion. On average, equities research analysts forecast that Wayfair Inc. will post -2.94 EPS for the current year.

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.