Adalta Capital Management LLC lessened its holdings in Wayfair Inc (NYSE:W) by 7.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 25,252 shares of the company’s stock after selling 1,953 shares during the period. Wayfair comprises approximately 1.5% of Adalta Capital Management LLC’s holdings, making the stock its 24th biggest position. Adalta Capital Management LLC’s holdings in Wayfair were worth $2,027,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Bank of New York Mellon Corp lifted its stake in shares of Wayfair by 331.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 583,843 shares of the company’s stock worth $39,351,000 after purchasing an additional 448,390 shares during the period. Russell Investments Group Ltd. increased its holdings in Wayfair by 37.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 375,935 shares of the company’s stock worth $25,336,000 after acquiring an additional 101,696 shares in the last quarter. Allen Investment Management LLC increased its holdings in Wayfair by 11.4% in the 3rd quarter. Allen Investment Management LLC now owns 980,000 shares of the company’s stock worth $66,052,000 after acquiring an additional 100,000 shares in the last quarter. Asset Management One Co. Ltd. purchased a new stake in Wayfair in the 3rd quarter worth approximately $4,235,000. Finally, Artisan Partners Limited Partnership purchased a new stake in Wayfair in the 3rd quarter worth approximately $81,855,000. Hedge funds and other institutional investors own 70.84% of the company’s stock.
Several research firms recently issued reports on W. Loop Capital reissued a “buy” rating on shares of Wayfair in a report on Thursday, March 8th. DA Davidson reduced their target price on shares of Wayfair to $65.00 and set a “neutral” rating for the company in a report on Friday, February 23rd. MKM Partners set a $91.00 target price on shares of Wayfair and gave the stock a “buy” rating in a report on Friday, February 23rd. Credit Suisse Group set a $76.00 target price on shares of Wayfair and gave the stock a “hold” rating in a report on Friday, February 23rd. Finally, Piper Jaffray Companies reissued an “overweight” rating on shares of Wayfair in a report on Friday, February 23rd. Twelve analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Wayfair currently has an average rating of “Buy” and an average target price of $83.96.
Wayfair Inc (NYSE W) opened at $85.00 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 1.07 and a debt-to-equity ratio of -8.60. The company has a market capitalization of $7,520.00, a P/E ratio of -42.71 and a beta of 1.25. Wayfair Inc has a 52-week low of $36.04 and a 52-week high of $100.14.
Wayfair (NYSE:W) last posted its earnings results on Thursday, February 22nd. The company reported ($0.83) EPS for the quarter, missing analysts’ consensus estimates of ($0.79) by ($0.04). The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.36 billion. Wayfair had a negative net margin of 5.18% and a negative return on equity of 31,507.11%. The firm’s revenue was up 46.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.34) earnings per share. sell-side analysts predict that Wayfair Inc will post -3.69 earnings per share for the current fiscal year.
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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