SG Americas Securities LLC Has $6.46 Million Holdings in Wayfair Inc (NYSE:W)

SG Americas Securities LLC boosted its holdings in shares of Wayfair Inc (NYSE:W) by 593.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 57,648 shares of the company’s stock after acquiring an additional 49,331 shares during the quarter. SG Americas Securities LLC’s holdings in Wayfair were worth $6,463,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Treasurer of the State of North Carolina increased its position in Wayfair by 8.4% during the second quarter. Treasurer of the State of North Carolina now owns 25,637 shares of the company’s stock worth $3,743,000 after buying an additional 1,983 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Wayfair by 4.3% during the second quarter. Charles Schwab Investment Management Inc. now owns 335,081 shares of the company’s stock worth $48,922,000 after buying an additional 13,717 shares during the last quarter. Advisory Services Network LLC increased its position in Wayfair by 15.2% during the second quarter. Advisory Services Network LLC now owns 3,640 shares of the company’s stock worth $531,000 after buying an additional 480 shares during the last quarter. Baillie Gifford & Co. increased its position in Wayfair by 14.2% during the second quarter. Baillie Gifford & Co. now owns 3,992,065 shares of the company’s stock worth $582,841,000 after buying an additional 497,644 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in Wayfair by 34.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 3,772 shares of the company’s stock worth $551,000 after buying an additional 967 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Shares of W stock traded up $0.40 during trading on Friday, hitting $84.22. The company had a trading volume of 2,375,509 shares, compared to its average volume of 1,961,432. The firm has a market capitalization of $7.53 billion, a P/E ratio of -15.01 and a beta of 1.86. The stock’s 50-day moving average price is $106.28 and its 200 day moving average price is $130.71. Wayfair Inc has a one year low of $76.60 and a one year high of $173.72.

Wayfair (NYSE:W) last issued its quarterly earnings results on Thursday, October 31st. The company reported ($2.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.89) by $0.66. The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.28 billion. The company’s quarterly revenue was up 35.2% on a year-over-year basis. During the same quarter last year, the firm posted ($1.28) earnings per share. On average, analysts predict that Wayfair Inc will post -10.59 EPS for the current year.

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In other Wayfair news, insider James R. Miller sold 1,656 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $111.17, for a total transaction of $184,097.52. Following the completion of the sale, the insider now directly owns 8,865 shares in the company, valued at $985,522.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Edmond Macri sold 300 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $124.63, for a total value of $37,389.00. Following the sale, the insider now owns 950 shares of the company’s stock, valued at $118,398.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,093 shares of company stock valued at $3,727,381. 33.86% of the stock is currently owned by corporate insiders.

W has been the topic of a number of recent analyst reports. Piper Jaffray Companies lowered their price target on Wayfair from $175.00 to $130.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Wolfe Research set a $114.00 price target on Wayfair and gave the stock a “buy” rating in a research report on Friday, November 1st. Gordon Haskett cut Wayfair from an “accumulate” rating to a “hold” rating in a report on Thursday, October 31st. Goldman Sachs Group assumed coverage on Wayfair in a report on Tuesday, September 3rd. They set a “buy” rating and a $145.00 price objective for the company. Finally, Stifel Nicolaus upgraded Wayfair from a “hold” rating to a “buy” rating and set a $150.00 price objective for the company in a report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have issued a buy rating to the stock. Wayfair presently has an average rating of “Hold” and a consensus target price of $138.79.

Wayfair Profile

Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. It provides approximately 14 million products for the home sector under various brands. The company offers selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold.

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Institutional Ownership by Quarter for Wayfair (NYSE:W)

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