SG Americas Securities LLC Has $6.46 Million Stock Position in Wayfair Inc (NYSE:W)

SG Americas Securities LLC grew its position in Wayfair Inc (NYSE:W) by 593.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,648 shares of the company’s stock after purchasing an additional 49,331 shares during the period. SG Americas Securities LLC owned about 0.06% of Wayfair worth $6,463,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of W. Treasurer of the State of North Carolina boosted its stake in shares of Wayfair by 8.4% during the 2nd quarter. Treasurer of the State of North Carolina now owns 25,637 shares of the company’s stock worth $3,743,000 after acquiring an additional 1,983 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Wayfair by 4.3% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 335,081 shares of the company’s stock valued at $48,922,000 after purchasing an additional 13,717 shares during the period. Advisory Services Network LLC boosted its stake in Wayfair by 15.2% during the 2nd quarter. Advisory Services Network LLC now owns 3,640 shares of the company’s stock valued at $531,000 after purchasing an additional 480 shares during the period. Baillie Gifford & Co. boosted its stake in Wayfair by 14.2% during the 2nd quarter. Baillie Gifford & Co. now owns 3,992,065 shares of the company’s stock valued at $582,841,000 after purchasing an additional 497,644 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in Wayfair by 34.5% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 3,772 shares of the company’s stock valued at $551,000 after purchasing an additional 967 shares during the period. 75.91% of the stock is currently owned by institutional investors.

Several analysts recently weighed in on the company. KeyCorp restated a “hold” rating on shares of Wayfair in a research note on Friday, November 1st. Wells Fargo & Co restated a “hold” rating and set a $85.00 target price on shares of Wayfair in a research note on Thursday, October 31st. Zacks Investment Research upgraded Wayfair from a “sell” rating to a “hold” rating and set a $138.00 target price for the company in a research note on Saturday, September 14th. Needham & Company LLC downgraded Wayfair from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Wolfe Research set a $114.00 price objective on Wayfair and gave the stock a “buy” rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $138.79.

In other news, COO Thomas Netzer sold 4,955 shares of Wayfair stock in a transaction on Friday, November 1st. The stock was sold at an average price of $73.94, for a total value of $366,372.70. Following the completion of the sale, the chief operating officer now directly owns 6,309 shares of the company’s stock, valued at approximately $466,487.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Edmond Macri sold 300 shares of Wayfair stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $124.63, for a total value of $37,389.00. Following the completion of the sale, the insider now directly owns 950 shares of the company’s stock, valued at $118,398.50. The disclosure for this sale can be found here. Insiders have sold a total of 34,093 shares of company stock valued at $3,727,381 over the last ninety days. Insiders own 33.86% of the company’s stock.

W stock traded up $0.40 during midday trading on Friday, reaching $84.22. 2,375,509 shares of the company’s stock traded hands, compared to its average volume of 1,961,432. The company has a 50-day simple moving average of $106.28 and a two-hundred day simple moving average of $130.71. Wayfair Inc has a 1-year low of $76.60 and a 1-year high of $173.72. The company has a market cap of $7.53 billion, a price-to-earnings ratio of -15.01 and a beta of 1.86.

Wayfair (NYSE:W) last released its quarterly earnings results on Thursday, October 31st. The company reported ($2.23) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($2.89) by $0.66. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period in the prior year, the business earned ($1.28) earnings per share. The company’s revenue for the quarter was up 35.2% on a year-over-year basis. On average, sell-side analysts anticipate that Wayfair Inc will post -10.59 earnings per share for the current fiscal year.

Wayfair Profile

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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