Wayfair Inc. $W Shares Sold by Groupama Asset Managment

Groupama Asset Managment decreased its stake in Wayfair Inc. (NYSE:W) by 60.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 400,000 shares of the company’s stock after selling 600,000 shares during the period. Groupama Asset Managment owned 0.31% of Wayfair worth $35,732,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Larson Financial Group LLC lifted its stake in Wayfair by 30.0% in the third quarter. Larson Financial Group LLC now owns 520 shares of the company’s stock valued at $46,000 after buying an additional 120 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Wayfair by 8.4% during the third quarter. Versant Capital Management Inc now owns 1,948 shares of the company’s stock worth $174,000 after acquiring an additional 151 shares during the last quarter. Global Retirement Partners LLC grew its position in shares of Wayfair by 156.3% during the third quarter. Global Retirement Partners LLC now owns 328 shares of the company’s stock worth $29,000 after acquiring an additional 200 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Wayfair by 3.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 6,882 shares of the company’s stock worth $352,000 after acquiring an additional 200 shares during the period. Finally, Comerica Bank increased its holdings in shares of Wayfair by 56.5% in the 3rd quarter. Comerica Bank now owns 634 shares of the company’s stock worth $57,000 after acquiring an additional 229 shares during the period. Institutional investors and hedge funds own 89.67% of the company’s stock.

Insider Activity at Wayfair

In other Wayfair news, insider Steven Conine sold 150,000 shares of the stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $108.87, for a total transaction of $16,330,500.00. Following the completion of the transaction, the insider directly owned 289,073 shares of the company’s stock, valued at approximately $31,471,377.51. This trade represents a 34.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Niraj Shah sold 150,000 shares of Wayfair stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $108.87, for a total value of $16,330,500.00. Following the transaction, the chief executive officer owned 289,137 shares in the company, valued at approximately $31,478,345.19. This trade represents a 34.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 890,494 shares of company stock worth $86,493,261 over the last quarter. 21.91% of the stock is currently owned by company insiders.

Wayfair Stock Down 3.9%

Shares of W opened at $76.78 on Thursday. The firm has a market capitalization of $10.04 billion, a PE ratio of -31.60, a P/E/G ratio of 5.92 and a beta of 3.40. The firm has a 50-day moving average price of $92.24 and a 200 day moving average price of $93.67. Wayfair Inc. has a 52-week low of $20.41 and a 52-week high of $119.98.

Wayfair (NYSE:W) last released its quarterly earnings results on Thursday, February 19th. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.21. The company had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.30 billion. Wayfair had a negative net margin of 2.51% and a negative return on equity of 1.52%. Wayfair’s revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.25) EPS. On average, equities analysts expect that Wayfair Inc. will post -2.54 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on W. The Goldman Sachs Group set a $92.00 target price on shares of Wayfair in a research note on Friday, February 20th. UBS Group restated a “buy” rating on shares of Wayfair in a research note on Tuesday, February 17th. Citigroup cut their price target on Wayfair from $135.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Royal Bank Of Canada boosted their price objective on Wayfair from $86.00 to $92.00 and gave the stock a “sector perform” rating in a research report on Friday, February 20th. Finally, Stifel Nicolaus decreased their price objective on Wayfair from $100.00 to $89.00 and set a “hold” rating for the company in a report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $104.62.

Wayfair Company Profile

Wayfair Inc (NYSE: W) is an e-commerce company focused on home furnishings and décor. Through its platform, Wayfair offers a broad assortment of furniture, lighting, home textiles, kitchenware and decorative accessories. The company’s portfolio includes flagship sites such as Wayfair.com, as well as specialty retail brands like Joss & Main, AllModern, Birch Lane and Perigold, each catering to distinct design styles and price points.

Founded in 2002 by Niraj Shah and Steve Conine under the name CSN Stores, the business rebranded as Wayfair in 2011 and went public in 2014.