Nationwide Fund Advisors Has $1.37 Million Stake in Wayfair Inc (W)

Nationwide Fund Advisors boosted its stake in shares of Wayfair Inc (NYSE:W) by 2.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,721 shares of the company’s stock after buying an additional 709 shares during the period. Nationwide Fund Advisors’ holdings in Wayfair were worth $1,365,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Alyeska Investment Group L.P. increased its position in shares of Wayfair by 199.1% in the fourth quarter. Alyeska Investment Group L.P. now owns 751,240 shares of the company’s stock valued at $26,331,000 after buying an additional 500,077 shares during the period. Baillie Gifford & Co. increased its position in shares of Wayfair by 1.4% in the fourth quarter. Baillie Gifford & Co. now owns 1,527,615 shares of the company’s stock valued at $53,543,000 after buying an additional 21,599 shares during the period. Ruane Cunniff & Goldfarb Inc. increased its position in shares of Wayfair by 48.9% in the fourth quarter. Ruane Cunniff & Goldfarb Inc. now owns 380,788 shares of the company’s stock valued at $13,347,000 after buying an additional 125,000 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Wayfair during the fourth quarter valued at approximately $880,000. Finally, Goodnow Investment Group LLC purchased a new position in shares of Wayfair during the fourth quarter valued at approximately $7,137,000. 70.53% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Wayfair (NYSE:W)

Shares of Wayfair Inc (NYSE:W) opened at 70.07 on Friday. The firm has a 50-day moving average of $58.71 and a 200-day moving average of $44.21. The stock’s market cap is $6.07 billion. Wayfair Inc has a one year low of $27.60 and a one year high of $73.53.

Wayfair (NYSE:W) last posted its quarterly earnings results on Tuesday, May 9th. The company reported ($0.48) EPS for the quarter, beating the consensus estimate of ($0.80) by $0.32. Wayfair had a negative net margin of 5.88% and a negative return on equity of 391.52%. The business had revenue of $960.80 million during the quarter, compared to analyst estimates of $934.84 million. During the same quarter in the previous year, the business posted ($0.36) EPS. The company’s quarterly revenue was up 28.6% compared to the same quarter last year. On average, equities research analysts expect that Wayfair Inc will post ($1.58) earnings per share for the current fiscal year.

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Several brokerages have recently commented on W. CIBC raised shares of Wayfair from a “market perform” rating to an “outperform” rating in a research note on Friday, June 2nd. Oppenheimer Holdings Inc. raised shares of Wayfair from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research note on Friday, June 2nd. Robert W. Baird upped their price objective on shares of Wayfair to $16.00 and gave the company a “neutral” rating in a research note on Thursday, May 11th. Goldman Sachs Group Inc upped their price objective on shares of Wayfair from $37.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, May 10th. Finally, Canaccord Genuity upped their price objective on shares of Wayfair from $45.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, May 10th. Ten analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $55.69.

In other news, insider Steven Conine sold 12,000 shares of Wayfair stock in a transaction that occurred on Wednesday, March 29th. The shares were sold at an average price of $40.04, for a total value of $480,480.00. Following the transaction, the insider now owns 84,950 shares of the company’s stock, valued at approximately $3,401,398. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP John Champlin Mulliken sold 9,922 shares of Wayfair stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $36.33, for a total transaction of $360,466.26. Following the completion of the transaction, the senior vice president now directly owns 224,942 shares in the company, valued at approximately $8,172,142.86. The disclosure for this sale can be found here. In the last 90 days, insiders sold 436,503 shares of company stock valued at $23,397,744. Company insiders own 63.94% of the company’s stock.

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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