Cubist Systematic Strategies LLC raised its holdings in Wayfair Inc. (NYSE:W) by 440.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 20,287 shares of the company’s stock after acquiring an additional 16,535 shares during the period. Cubist Systematic Strategies LLC’s holdings in Wayfair were worth $1,367,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of W. Utah Retirement Systems acquired a new stake in shares of Wayfair during the 2nd quarter worth $539,000. Old Mutual Global Investors UK Ltd. acquired a new stake in shares of Wayfair during the 2nd quarter worth $738,000. Baillie Gifford & Co. increased its holdings in shares of Wayfair by 5.7% during the 2nd quarter. Baillie Gifford & Co. now owns 1,914,674 shares of the company’s stock worth $147,200,000 after buying an additional 102,460 shares during the last quarter. Maverick Capital Ltd. acquired a new stake in shares of Wayfair during the 2nd quarter worth $4,015,000. Finally, State of Wisconsin Investment Board acquired a new stake in shares of Wayfair during the 2nd quarter worth $588,000. Institutional investors own 66.97% of the company’s stock.

Shares of Wayfair Inc. (NYSE W) traded up $3.08 during midday trading on Friday, reaching $79.26. The company had a trading volume of 2,064,636 shares, compared to its average volume of 1,125,954. Wayfair Inc. has a 52-week low of $34.30 and a 52-week high of $84.19. The company has a debt-to-equity ratio of 135.98, a current ratio of 1.19 and a quick ratio of 1.17.

Wayfair (NYSE:W) last announced its quarterly earnings results 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 firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.21 billion. Wayfair had a negative return on equity of 658.45% and a negative net margin of 5.06%. The firm’s quarterly revenue was up 39.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.54) EPS. analysts forecast that Wayfair Inc. will post -2.63 earnings per share for the current year.

A number of analysts have recently commented on the company. Stifel Nicolaus upped their price objective on Wayfair from $72.00 to $82.00 and gave the stock a “buy” rating in a report on Friday. DA Davidson assumed coverage on Wayfair in a report on Wednesday, September 13th. They set a “neutral” rating and a $78.00 price objective for the company. Oppenheimer restated a “buy” rating and set a $88.00 price objective on shares of Wayfair in a report on Wednesday, September 13th. Piper Jaffray Companies restated a “buy” rating and set a $89.00 price objective on shares of Wayfair in a report on Wednesday. Finally, Canaccord Genuity restated a “buy” rating and set a $90.00 price objective on shares of Wayfair in a report on Sunday, October 1st. One investment 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’s stock. The company presently has an average rating of “Buy” and a consensus target price of $76.22.

In other Wayfair news, SVP Steve Oblak sold 406 shares of the company’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $71.33, for a total value of $28,959.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Edmond Macri sold 600 shares of the company’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $79.89, for a total transaction of $47,934.00. Following the completion of the transaction, the insider now directly owns 500 shares of the company’s stock, valued at $39,945. The disclosure for this sale can be found here. Over the last three months, insiders sold 39,800 shares of company stock valued at $2,774,564. 56.93% of the stock is currently owned by corporate insiders.

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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.

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Institutional Ownership by Quarter for Wayfair (NYSE:W)

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