Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Wayfair Inc (NYSE:W) by 13.4% during the first quarter, Holdings Channel reports. The institutional investor owned 13,867 shares of the company’s stock after acquiring an additional 1,641 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Wayfair were worth $741,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC bought a new stake in shares of Wayfair during the 1st quarter worth about $4,723,000. First Trust Advisors LP raised its position in shares of Wayfair by 26.3% during the 1st quarter. First Trust Advisors LP now owns 5,855 shares of the company’s stock worth $313,000 after buying an additional 1,218 shares in the last quarter. Rhumbline Advisers raised its position in shares of Wayfair by 2.1% during the 1st quarter. Rhumbline Advisers now owns 63,529 shares of the company’s stock worth $3,395,000 after buying an additional 1,287 shares in the last quarter. Redmond Asset Management LLC bought a new stake in shares of Wayfair during the 1st quarter worth about $343,000. Finally, Nissay Asset Management Corp Japan ADV raised its position in shares of Wayfair by 4.8% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 5,916 shares of the company’s stock worth $316,000 after buying an additional 269 shares in the last quarter. Institutional investors own 81.48% of the company’s stock.

Shares of W opened at $163.50 on Friday. The company’s 50 day moving average price is $119.32 and its 200 day moving average price is $90.37. Wayfair Inc has a 52 week low of $21.70 and a 52 week high of $197.06. The company has a market capitalization of $15.39 billion, a PE ratio of -14.22 and a beta of 3.20.

Wayfair (NYSE:W) last announced its quarterly earnings data on Tuesday, May 5th. The company reported ($2.30) EPS for the quarter, beating the Zacks’ consensus estimate of ($2.60) by $0.30. The company had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.31 billion. During the same period in the previous year, the firm posted ($1.62) earnings per share. The business’s revenue for the quarter was up 19.8% on a year-over-year basis. As a group, equities analysts predict that Wayfair Inc will post -6.22 earnings per share for the current year.

Several equities analysts have recently issued reports on W shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Wayfair in a research note on Monday, April 6th. Gordon Haskett raised shares of Wayfair from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Wednesday, March 25th. Argus lowered their price objective on shares of Wayfair from $96.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, March 13th. Citigroup cut shares of Wayfair from a “neutral” rating to a “sell” rating and lifted their price objective for the stock from $75.00 to $130.00 in a research note on Friday, May 15th. Finally, Barclays lifted their price objective on shares of Wayfair from $56.00 to $153.00 and gave the stock an “underweight” rating in a research note on Thursday, May 7th. Eight investment analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have assigned a buy rating to the stock. Wayfair has a consensus rating of “Hold” and a consensus target price of $133.65.

In other Wayfair news, CFO Michael D. Fleisher sold 6,196 shares of Wayfair stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $79.82, for a total value of $494,564.72. Following the completion of the sale, the chief financial officer now directly owns 166,105 shares in the company, valued at $13,258,501.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Edmond Macri sold 300 shares of Wayfair stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $192.24, for a total transaction of $57,672.00. Following the completion of the sale, the insider now owns 5,647 shares of the company’s stock, valued at $1,085,579.28. The disclosure for this sale can be found here. Insiders have sold 1,078,279 shares of company stock worth $34,325,356 over the last ninety days. 30.86% of the stock is currently owned by insiders.

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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