Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lowered its holdings in Wayfair Inc. (NYSE:W) by 38.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,647 shares of the company’s stock after selling 1,023 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Wayfair were worth $111,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. BNP Paribas Arbitrage SA lifted 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 worth $105,000 after acquiring an additional 667 shares during the period. UBS Group AG lifted 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 worth $109,000 after acquiring an additional 960 shares during the period. Delta Asset Management LLC TN lifted its holdings in shares of Wayfair by 375.0% during the 3rd quarter. Delta Asset Management LLC TN now owns 1,900 shares of the company’s stock worth $128,000 after acquiring an additional 1,500 shares during the period. First Mercantile Trust Co. bought a new stake in shares of Wayfair during the 2nd quarter worth approximately $138,000. Finally, Mohican Financial Management LLC bought a new stake in shares of Wayfair during the 3rd quarter worth approximately $194,000. 66.99% of the stock is owned by hedge funds and other institutional investors.

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A number of equities analysts recently issued reports on the stock. Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $88.00 price objective on shares of Wayfair in a research report on Wednesday, September 13th. DA Davidson assumed coverage on shares of Wayfair in a research report on Wednesday, September 13th. They set a “neutral” rating and a $78.00 price objective for the company. BidaskClub cut shares of Wayfair from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 4th. Piper Jaffray Companies set a $87.00 price objective on shares of Wayfair and gave the stock a “buy” rating in a research report on Friday, July 28th. Finally, Wedbush reiterated a “buy” rating on shares of Wayfair in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the stock. Wayfair currently has an average rating of “Buy” and an average price target of $76.01.

Wayfair Inc. (NYSE:W) opened at $64.90 on Wednesday. The company has a debt-to-equity ratio of 135.98, a current ratio of 1.19 and a quick ratio of 1.17. Wayfair Inc. has a 12-month low of $32.61 and a 12-month high of $84.19.

Wayfair (NYSE:W) last announced its quarterly earnings results on Thursday, November 2nd. The company reported ($0.65) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.68) by $0.03. Wayfair had a negative net margin of 5.06% and a negative return on equity of 658.45%. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the prior year, the company posted ($0.54) EPS. The company’s revenue was up 39.1% on a year-over-year basis. sell-side analysts forecast that Wayfair Inc. will post -2.58 EPS for the current fiscal year.

In related news, SVP Steve Oblak sold 400 shares of the stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $77.92, for a total transaction of $31,168.00. Following the transaction, the senior vice president now directly owns 120,621 shares of the company’s stock, valued at $9,398,788.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Steven Conine sold 41,200 shares of the stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $67.87, for a total transaction of $2,796,244.00. Following the transaction, the insider now directly owns 260,270 shares in the company, valued at $17,664,524.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 252,801 shares of company stock valued at $17,363,676. 56.93% of the stock is currently owned by corporate insiders.

About Wayfair

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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