Bank of New York Mellon Corp grew its stake in Wayfair Inc. (NYSE:W) by 331.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 583,843 shares of the company’s stock after purchasing an additional 448,390 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.67% of Wayfair worth $39,351,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. BNP Paribas Arbitrage SA grew its position in shares of Wayfair by 96.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock valued at $105,000 after buying an additional 667 shares during the last quarter. UBS Group AG grew its position in shares of Wayfair by 55.5% during the 1st quarter. UBS Group AG now owns 2,690 shares of the company’s stock valued at $109,000 after buying an additional 960 shares during the last quarter. Delta Asset Management LLC TN grew its position in shares of Wayfair by 375.0% during the 3rd quarter. Delta Asset Management LLC TN now owns 1,900 shares of the company’s stock valued at $128,000 after buying an additional 1,500 shares during the last quarter. First Mercantile Trust Co. bought a new stake in shares of Wayfair during the 2nd quarter valued at about $138,000. Finally, Mohican Financial Management LLC bought a new stake in shares of Wayfair during the 3rd quarter valued at about $194,000. Institutional investors and hedge funds own 66.97% of the company’s stock.

In related news, insider Edmond Macri sold 600 shares of the stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $78.26, for a total transaction of $46,956.00. Following the completion of the sale, the insider now directly owns 758 shares of the company’s stock, valued at $59,321.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Steve Oblak sold 400 shares of the stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $77.92, for a total transaction of $31,168.00. Following the sale, the senior vice president now directly owns 120,621 shares of the company’s stock, valued at $9,398,788.32. The disclosure for this sale can be found here. Insiders sold 55,951 shares of company stock valued at $4,065,995 over the last quarter. Insiders own 56.93% of the company’s stock.

A number of equities research analysts recently weighed in on W shares. Credit Suisse Group lowered their price objective on shares of Wayfair from $78.00 to $69.00 and set a “neutral” rating for the company in a research report on Friday, November 3rd. Ifs Securities started coverage on shares of Wayfair in a research report on Friday, September 1st. They set an “outperform” rating and a $85.00 price objective for the company. Stifel Nicolaus raised shares of Wayfair from a “hold” rating to a “buy” rating and boosted their price objective for the company from $75.00 to $78.00 in a research report on Friday, August 25th. Cowen reaffirmed a “buy” rating and set a $72.00 price objective (down previously from $82.00) on shares of Wayfair in a research report on Wednesday, November 1st. Finally, Robert W. Baird restated a “hold” rating and issued a $73.00 target price on shares of Wayfair in a research report on Thursday, September 28th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $76.01.

Wayfair Inc. (W) traded up $1.19 during trading on Thursday, hitting $73.77. 1,809,300 shares of the stock traded hands, compared to its average volume of 1,545,147. The company has a quick ratio of 1.17, a current ratio of 1.19 and a debt-to-equity ratio of 135.98. Wayfair Inc. has a twelve month low of $34.30 and a twelve month high of $84.19.

Wayfair (NYSE:W) last posted its quarterly earnings data on Thursday, November 2nd. The company reported ($0.65) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.68) by $0.03. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Wayfair had a negative net margin of 5.06% and a negative return on equity of 658.45%. The business’s revenue was up 39.1% on a year-over-year basis. During the same period last year, the firm posted ($0.54) earnings per share. sell-side analysts anticipate that Wayfair Inc. will post -2.63 EPS for the current fiscal year.

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About Wayfair

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.

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Institutional Ownership by Quarter for Wayfair (NYSE:W)

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