Bosun Asset Management LLC Acquires Shares of 13,494 Wayfair Inc. $W

Bosun Asset Management LLC bought a new position in shares of Wayfair Inc. (NYSE:W) in the second quarter, HoldingsChannel reports. The institutional investor bought 13,494 shares of the company’s stock, valued at approximately $690,000.

Several other hedge funds and other institutional investors have also modified their holdings of W. Northwestern Mutual Wealth Management Co. grew its stake in Wayfair by 12.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,462 shares of the company’s stock valued at $126,000 after buying an additional 270 shares during the last quarter. Amalgamated Bank lifted its position in Wayfair by 5.5% during the second quarter. Amalgamated Bank now owns 5,348 shares of the company’s stock worth $273,000 after acquiring an additional 278 shares during the last quarter. Swiss National Bank boosted its holdings in shares of Wayfair by 0.3% during the first quarter. Swiss National Bank now owns 183,300 shares of the company’s stock worth $5,871,000 after acquiring an additional 600 shares during the period. IFP Advisors Inc boosted its holdings in shares of Wayfair by 49.3% during the second quarter. IFP Advisors Inc now owns 1,869 shares of the company’s stock worth $96,000 after acquiring an additional 617 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in shares of Wayfair by 393.4% in the second quarter. EverSource Wealth Advisors LLC now owns 819 shares of the company’s stock valued at $42,000 after purchasing an additional 653 shares during the last quarter. Institutional investors own 89.67% of the company’s stock.

Wall Street Analysts Forecast Growth

W has been the subject of several research reports. Zacks Research cut Wayfair from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Stifel Nicolaus set a $100.00 price objective on Wayfair in a research report on Wednesday, October 29th. Royal Bank Of Canada boosted their target price on shares of Wayfair from $51.00 to $86.00 and gave the company a “sector perform” rating in a research report on Thursday, October 30th. Weiss Ratings restated a “sell (d-)” rating on shares of Wayfair in a research note on Wednesday, October 8th. Finally, Bank of America raised shares of Wayfair from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 28th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $105.29.

Insider Transactions at Wayfair

In other Wayfair news, insider Steven Conine sold 150,000 shares of the stock in a transaction on Monday, November 24th. The stock was sold at an average price of $105.92, for a total transaction of $15,888,000.00. Following the completion of the transaction, the insider directly owned 729,073 shares of the company’s stock, valued at approximately $77,223,412.16. This represents a 17.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Niraj Shah sold 150,000 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $105.91, for a total transaction of $15,886,500.00. Following the completion of the sale, the chief executive officer directly owned 729,137 shares in the company, valued at approximately $77,222,899.67. This trade represents a 17.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 955,959 shares of company stock worth $88,260,274 over the last three months. 21.91% of the stock is owned by insiders.

Wayfair Trading Up 0.8%

NYSE W opened at $95.26 on Friday. The business has a fifty day simple moving average of $95.15 and a 200 day simple moving average of $74.93. Wayfair Inc. has a 12 month low of $20.41 and a 12 month high of $114.92. The firm has a market capitalization of $12.42 billion, a P/E ratio of -37.21 and a beta of 3.25.

Wayfair (NYSE:W) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.26. The firm had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the previous year, the company posted $0.22 earnings per share. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, sell-side analysts predict that Wayfair Inc. will post -2.54 EPS for the current fiscal year.

Wayfair Company Profile

Wayfair Inc provides e-commerce business in the United States and internationally. The company offers approximately thirty million products for the home sector. It offers online selections of furniture, décor, housewares, and home improvement products through its sites consisting of Wayfair, Joss & Main, AllModern, Birch Lane, Perigold, and Wayfair Professional.