D.A. Davidson & CO. trimmed its holdings in Wayfair Inc. (NYSE:W) by 18.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,248 shares of the company’s stock after selling 519 shares during the period. D.A. Davidson & CO.’s holdings in Wayfair were worth $172,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Eventide Asset Management LLC increased its position in Wayfair by 99.7% during the first quarter. Eventide Asset Management LLC now owns 699,000 shares of the company’s stock worth $28,303,000 after purchasing an additional 349,000 shares during the last quarter. Russell Investments Group Ltd. increased its position in Wayfair by 18,904.8% during the second quarter. Russell Investments Group Ltd. now owns 274,239 shares of the company’s stock worth $21,089,000 after purchasing an additional 272,796 shares during the last quarter. Allen Investment Management LLC increased its position in Wayfair by 25.7% during the second quarter. Allen Investment Management LLC now owns 880,000 shares of the company’s stock worth $67,654,000 after purchasing an additional 180,000 shares during the last quarter. UBS Oconnor LLC increased its position in Wayfair by 126.3% during the first quarter. UBS Oconnor LLC now owns 316,798 shares of the company’s stock worth $12,827,000 after purchasing an additional 176,798 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Wayfair by 480.9% during the first quarter. Goldman Sachs Group Inc. now owns 201,769 shares of the company’s stock worth $8,170,000 after purchasing an additional 167,034 shares during the last quarter. Institutional investors and hedge funds own 66.15% of the company’s stock.

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W has been the subject of several recent analyst reports. Gordon Haskett cut shares of Wayfair from a “buy” rating to an “accumulate” rating and raised their price objective for the stock from $70.00 to $85.00 in a research report on Tuesday, June 27th. Piper Jaffray Companies set a $87.00 price objective on shares of Wayfair and gave the stock a “buy” rating in a research report on Saturday, July 1st. Canaccord Genuity restated a “buy” rating on shares of Wayfair in a research report on Tuesday, August 8th. BidaskClub cut shares of Wayfair from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 4th. Finally, Oppenheimer Holdings, Inc. set a $88.00 price objective on shares of Wayfair and gave the stock a “buy” rating in a research report on Friday, August 4th. Nine investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Wayfair has a consensus rating of “Buy” and a consensus target price of $77.07.

Wayfair Inc. (W) opened at 68.99 on Friday. The stock has a 50 day moving average of $73.00 and a 200 day moving average of $65.13. Wayfair Inc. has a 1-year low of $27.60 and a 1-year high of $84.19. The stock’s market cap is $6.01 billion.

Wayfair (NYSE:W) last posted its earnings results on Tuesday, August 8th. The company reported ($0.26) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.69) by $0.43. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.06 billion. Wayfair had a negative net margin of 5.10% and a negative return on equity of 335.44%. The company’s revenue was up 42.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.43) EPS. Equities analysts expect that Wayfair Inc. will post ($1.45) earnings per share for the current year.

In other Wayfair news, insider Edmond Macri sold 844 shares of the company’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $69.61, for a total value of $58,750.84. Following the completion of the transaction, the insider now owns 1,000 shares in the company, valued at approximately $69,610. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John Champlin Mulliken sold 700 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $71.37, for a total value of $49,959.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 764,451 shares of company stock valued at $56,262,879. Corporate insiders own 56.93% of the company’s stock.

Wayfair Profile

Wayfair Inc (Wayfair) offers browsing, merchandising and product discovery for a range of products from various suppliers. The Company operates through two segments: U.S. and International. The U.S. segment consists of amounts earned through product sales through the Company’s five sites in the United States and through sites operated by third parties in the United States.

Institutional Ownership by Quarter for Wayfair (NYSE:W)

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