DF Dent & Co. Inc. trimmed its position in Wayfair Inc (NYSE:W) by 8.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 11,729 shares of the company’s stock after selling 1,064 shares during the period. DF Dent & Co. Inc.’s holdings in Wayfair were worth $1,393,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of W. Scopia Capital Management LP purchased a new stake in Wayfair in the second quarter worth $252,032,000. Carmignac Gestion grew its stake in Wayfair by 230.3% in the first quarter. Carmignac Gestion now owns 2,661,902 shares of the company’s stock worth $179,758,000 after purchasing an additional 1,855,970 shares during the period. Spruce House Investment Management LLC grew its stake in Wayfair by 40.0% in the first quarter. Spruce House Investment Management LLC now owns 3,500,000 shares of the company’s stock worth $236,355,000 after purchasing an additional 1,000,000 shares during the period. Baillie Gifford & Co. grew its stake in Wayfair by 14.0% in the second quarter. Baillie Gifford & Co. now owns 2,696,705 shares of the company’s stock worth $320,260,000 after purchasing an additional 331,656 shares during the period. Finally, Zevenbergen Capital Investments LLC grew its stake in Wayfair by 23.1% in the first quarter. Zevenbergen Capital Investments LLC now owns 769,185 shares of the company’s stock worth $51,943,000 after purchasing an additional 144,580 shares during the period. 72.44% of the stock is currently owned by institutional investors.

In other Wayfair news, insider Steven Conine sold 26,000 shares of the stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $137.11, for a total value of $3,564,860.00. Following the transaction, the insider now owns 48,538 shares of the company’s stock, valued at $6,655,045.18. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Niraj Shah sold 5,164 shares of the stock in a transaction dated Monday, June 18th. The shares were sold at an average price of $111.45, for a total value of $575,527.80. Following the completion of the transaction, the chief executive officer now directly owns 49,157 shares in the company, valued at approximately $5,478,547.65. The disclosure for this sale can be found here. Insiders have sold 281,310 shares of company stock worth $34,873,152 over the last ninety days. 37.75% of the stock is currently owned by insiders.

Wayfair stock opened at $149.92 on Friday. The company has a debt-to-equity ratio of -2.47, a quick ratio of 0.86 and a current ratio of 0.89. Wayfair Inc has a one year low of $55.33 and a one year high of $151.20. The firm has a market cap of $13.41 billion, a P/E ratio of -53.54 and a beta of 1.52.

Wayfair (NYSE:W) last released its quarterly earnings data on Thursday, August 2nd. The company reported ($0.77) EPS for the quarter, missing the consensus estimate of ($0.73) by ($0.04). Wayfair had a negative net margin of 6.28% and a negative return on equity of 31,507.11%. The business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.60 billion. During the same period last year, the business earned ($0.26) earnings per share. The company’s quarterly revenue was up 47.4% on a year-over-year basis. equities analysts anticipate that Wayfair Inc will post -5.17 EPS for the current fiscal year.

A number of equities research analysts have recently commented on W shares. Bank of America cut Wayfair from a “buy” rating to a “neutral” rating and increased their target price for the stock from $130.00 to $160.00 in a research note on Thursday. Wells Fargo & Co started coverage on Wayfair in a research note on Wednesday. They issued a “market perform” rating and a $150.00 target price on the stock. Loop Capital set a $155.00 target price on Wayfair and gave the stock a “buy” rating in a research note on Monday, September 10th. Canaccord Genuity reissued a “buy” rating and issued a $140.00 target price on shares of Wayfair in a research note on Wednesday, August 8th. Finally, Zacks Investment Research raised Wayfair from a “sell” rating to a “hold” rating in a research note on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Wayfair presently has an average rating of “Hold” and an average target price of $121.50.

Wayfair Company Profile

Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. The company offers approximately 10 million products for the home sector under various brands. It offers a selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, such as Wayfair, Joss & Main, AllModern, DwellStudio, Perigold, and Birch Lane.

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Institutional Ownership by Quarter for Wayfair (NYSE:W)

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