Hennessy Advisors Inc. decreased its position in shares of Wayfair Inc. (NYSE:W) by 12.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 742,727 shares of the company’s stock after selling 105,600 shares during the period. Hennessy Advisors Inc. owned about 0.87% of Wayfair worth $29,241,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. BNP Paribas Arbitrage SA raised its stake in Wayfair by 112.9% in the third quarter. BNP Paribas Arbitrage SA now owns 2,629 shares of the company’s stock valued at $104,000 after buying an additional 1,394 shares during the period. BlackRock Inc. raised its stake in Wayfair by 70.0% in the second quarter. BlackRock Inc. now owns 2,689 shares of the company’s stock valued at $105,000 after buying an additional 1,107 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new stake in Wayfair during the second quarter valued at approximately $107,000. Legal & General Group Plc raised its stake in Wayfair by 28.8% in the second quarter. Legal & General Group Plc now owns 3,810 shares of the company’s stock valued at $149,000 after buying an additional 853 shares during the period. Finally, Teacher Retirement System of Texas raised its stake in Wayfair by 42.4% in the second quarter. Teacher Retirement System of Texas now owns 3,905 shares of the company’s stock valued at $152,000 after buying an additional 1,163 shares during the period. Institutional investors and hedge funds own 71.63% of the company’s stock.

Institutional Ownership by Quarter for Wayfair (NYSE:W)

Shares of Wayfair Inc. (NYSE:W) traded up 2.35% on Tuesday, hitting $34.83. 105,122 shares of the company were exchanged. The firm’s 50-day moving average is $34.91 and its 200-day moving average is $38.86. Wayfair Inc. has a 52-week low of $27.60 and a 52-week high of $50.00. The stock’s market capitalization is $2.98 billion.

Wayfair (NYSE:W) last released its quarterly earnings data on Tuesday, November 8th. The company reported ($0.54) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.59) by $0.05. Wayfair had a negative net margin of 5.29% and a negative return on equity of 91.94%. The company earned $861.50 million during the quarter, compared to analysts’ expectations of $849.42 million. During the same quarter in the previous year, the company earned ($0.13) earnings per share. The firm’s revenue for the quarter was up 45.0% on a year-over-year basis. Equities research analysts predict that Wayfair Inc. will post ($1.84) earnings per share for the current year.

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Several equities research analysts have recently commented on the company. Zacks Investment Research upgraded Wayfair from a “sell” rating to a “hold” rating in a research note on Thursday, November 24th. KeyCorp reiterated a “hold” rating on shares of Wayfair in a research note on Tuesday, November 8th. Maxim Group cut their price target on Wayfair from $49.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday, November 9th. Wedbush reiterated an “outperform” rating and issued a $55.00 price target on shares of Wayfair in a research note on Tuesday, November 1st. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $55.00 price target on shares of Wayfair in a research note on Tuesday, October 4th. Fourteen investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $51.15.

In other news, SVP John Champlin Mulliken sold 2,970 shares of the business’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $39.51, for a total transaction of $117,344.70. Following the completion of the sale, the senior vice president now owns 219,785 shares of the company’s stock, valued at $8,683,705.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Steve Oblak sold 1,125 shares of the business’s stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $39.22, for a total transaction of $44,122.50. Following the sale, the senior vice president now directly owns 95,884 shares of the company’s stock, valued at approximately $3,760,570.48. The disclosure for this sale can be found here. 63.94% of the stock is currently owned by company insiders.

Wayfair Company Profile

Wayfair Inc (Wayfair) offers browsing, merchandising, product discovery and prices for a range of products from suppliers across various brands, including Wayfair.com, Joss & Main, AllModern, DwellStudio and Birch Lane. The Company offers a range of furniture, home furnishings, decor and goods. Wayfair produces editorial content both in-house and through third parties.

5 Day Chart for NYSE:W

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