Hanseatic Management Services Inc. purchased a new stake in shares of Wayfair Inc. (NYSE:W) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 12,907 shares of the company’s stock, valued at approximately $992,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BNP Paribas Arbitrage SA boosted its holdings in shares of Wayfair by 96.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock valued at $105,000 after acquiring an additional 667 shares during the last quarter. UBS Group AG boosted its holdings in shares of Wayfair by 55.5% during the 1st quarter. UBS Group AG now owns 2,690 shares of the company’s stock valued at $109,000 after acquiring an additional 960 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of Wayfair during the 1st quarter valued at about $110,000. FNY Partners Fund LP boosted its holdings in shares of Wayfair by 2,900.0% during the 1st quarter. FNY Partners Fund LP now owns 3,000 shares of the company’s stock valued at $121,000 after acquiring an additional 2,900 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of Wayfair during the 1st quarter valued at about $137,000. 66.15% of the stock is currently owned by hedge funds and other institutional investors.

In other Wayfair news, insider Edmond Macri sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $75.01, for a total value of $45,006.00. Following the sale, the insider now owns 500 shares in the company, valued at approximately $37,505. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Michael D. Fleisher sold 4,719 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $82.35, for a total value of $388,609.65. Following the completion of the sale, the chief financial officer now owns 50,844 shares in the company, valued at approximately $4,187,003.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 864,170 shares of company stock worth $63,815,987. 56.93% of the stock is owned by insiders.

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Wayfair Inc. (W) traded down 8.76% during midday trading on Friday, reaching $74.59. 4,132,046 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $73.34 and its 200 day moving average is $62.21. The firm’s market capitalization is $6.50 billion. Wayfair Inc. has a 52 week low of $27.60 and a 52 week high of $83.36.

Wayfair (NYSE:W) last issued its earnings results on Tuesday, August 8th. The company reported ($0.26) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.69) by $0.43. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.06 billion. Wayfair had a negative return on equity of 335.44% and a negative net margin of 5.10%. Wayfair’s revenue for the quarter was up 42.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.43) earnings per share. On average, equities analysts anticipate that Wayfair Inc. will post ($1.45) earnings per share for the current year.

A number of analysts have recently issued reports on the stock. Piper Jaffray Companies set a $87.00 price target on shares of Wayfair and gave the company a “buy” rating in a report on Saturday, July 1st. Buckingham Research reaffirmed a “buy” rating and set a $95.00 price target (up previously from $72.00) on shares of Wayfair in a report on Thursday, July 13th. They noted that the move was a valuation call. DA Davidson assumed coverage on shares of Wayfair in a report on Wednesday, September 13th. They set a “neutral” rating and a $78.00 price target on the stock. Maxim Group downgraded shares of Wayfair from a “buy” rating to a “hold” rating and raised their price target for the company from $27.60 to $76.17 in a report on Monday, June 19th. They noted that the move was a valuation call. Finally, Oppenheimer Holdings, Inc. set a $88.00 price target on shares of Wayfair and gave the company a “buy” rating in a report on Friday, August 4th. Ten analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Wayfair presently has a consensus rating of “Buy” and a consensus target price of $72.84.

Wayfair Profile

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.

Institutional Ownership by Quarter for Wayfair (NYSE:W)

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