Skandinaviska Enskilda Banken AB publ lowered its position in shares of Wayfair Inc (NYSE:W) by 70.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,800 shares of the company’s stock after selling 6,700 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Wayfair were worth $150,000 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. Parallel Advisors LLC boosted its holdings in shares of Wayfair by 521.6% in the 1st quarter. Parallel Advisors LLC now owns 547 shares of the company’s stock worth $29,000 after buying an additional 459 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Wayfair by 133.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 634 shares of the company’s stock worth $34,000 after acquiring an additional 363 shares during the period. Schroder Investment Management Group bought a new stake in Wayfair in the first quarter worth about $46,000. Hall Laurie J Trustee purchased a new position in Wayfair in the fourth quarter valued at about $47,000. Finally, Credit Agricole S A bought a new position in shares of Wayfair during the 1st quarter valued at approximately $50,000. Hedge funds and other institutional investors own 88.27% of the company’s stock.

In other news, CTO James R. Miller sold 381 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $207.02, for a total value of $78,874.62. Following the sale, the chief technology officer now directly owns 23,393 shares of the company’s stock, valued at approximately $4,842,818.86. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Michael D. Fleisher sold 6,196 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $79.82, for a total value of $494,564.72. Following the transaction, the chief financial officer now directly owns 166,105 shares of the company’s stock, valued at approximately $13,258,501.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 84,022 shares of company stock valued at $13,484,897. Corporate insiders own 30.86% of the company’s stock.

A number of equities research analysts recently issued reports on W shares. Stifel Nicolaus cut Wayfair from a “hold” rating to a “sell” rating and boosted their price objective for the company from $115.00 to $135.00 in a research note on Tuesday, May 5th. Gordon Haskett raised shares of Wayfair from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Wednesday, March 25th. Citigroup downgraded shares of Wayfair from a “neutral” rating to a “sell” rating and raised their price objective for the stock from $75.00 to $130.00 in a report on Friday, May 15th. DA Davidson boosted their target price on shares of Wayfair from $45.00 to $100.00 and gave the company an “underperform” rating in a report on Wednesday, May 6th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Wayfair in a report on Monday, April 6th. Eight analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $140.70.

Shares of Wayfair stock opened at $214.10 on Friday. Wayfair Inc has a one year low of $21.70 and a one year high of $222.29. The business’s 50 day simple moving average is $183.05 and its two-hundred day simple moving average is $111.71. The stock has a market capitalization of $20.26 billion, a P/E ratio of -18.62 and a beta of 3.37.

Wayfair (NYSE:W) last announced its quarterly earnings results on Tuesday, May 5th. The company reported ($2.30) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($2.60) by $0.30. The firm had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.31 billion. Wayfair’s revenue was up 19.8% on a year-over-year basis. During the same period last year, the business earned ($1.62) EPS. As a group, sell-side analysts forecast that Wayfair Inc will post -6.22 earnings per share for the current year.

About Wayfair

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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