AM Squared Ltd Sells 500 Shares of Wayfair Inc. (NYSE:W)

AM Squared Ltd decreased its holdings in Wayfair Inc. (NYSE:W) by 18.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,200 shares of the company’s stock after selling 500 shares during the quarter. Wayfair makes up 0.3% of AM Squared Ltd’s investment portfolio, making the stock its 26th biggest holding. AM Squared Ltd’s holdings in Wayfair were worth $124,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of W. Sei Investments Co. lifted its holdings in Wayfair by 14.6% in the first quarter. Sei Investments Co. now owns 100,447 shares of the company’s stock valued at $6,818,000 after buying an additional 12,809 shares during the period. QRG Capital Management Inc. lifted its holdings in Wayfair by 12.0% in the first quarter. QRG Capital Management Inc. now owns 3,716 shares of the company’s stock valued at $252,000 after buying an additional 399 shares during the period. Vanguard Group Inc. lifted its holdings in Wayfair by 4.5% in the first quarter. Vanguard Group Inc. now owns 8,467,900 shares of the company’s stock valued at $574,801,000 after buying an additional 363,948 shares during the period. CANADA LIFE ASSURANCE Co lifted its holdings in Wayfair by 7.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 19,998 shares of the company’s stock valued at $1,358,000 after buying an additional 1,400 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Wayfair by 297.3% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 67,545 shares of the company’s stock valued at $4,585,000 after buying an additional 50,545 shares during the period. Institutional investors own 89.67% of the company’s stock.

Insider Buying and Selling at Wayfair

In other news, COO Thomas Netzer sold 1,011 shares of Wayfair stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $49.42, for a total transaction of $49,963.62. Following the completion of the sale, the chief operating officer now directly owns 151,802 shares of the company’s stock, valued at approximately $7,502,054.84. The trade was a 0.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kate Gulliver sold 7,330 shares of Wayfair stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $53.05, for a total transaction of $388,856.50. Following the sale, the chief financial officer now directly owns 117,947 shares of the company’s stock, valued at $6,257,088.35. This represents a 5.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,868 shares of company stock valued at $2,003,248 in the last three months. Company insiders own 26.81% of the company’s stock.

Wayfair Trading Down 1.5 %

Wayfair stock opened at $38.22 on Friday. Wayfair Inc. has a 1-year low of $37.35 and a 1-year high of $76.18. The firm has a 50 day simple moving average of $48.13 and a 200 day simple moving average of $51.41.

Wayfair (NYSE:W) last announced its quarterly earnings results on Friday, November 1st. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.13 by $0.09. The firm had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the previous year, the business earned ($1.38) earnings per share. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. Analysts anticipate that Wayfair Inc. will post -2.92 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Gordon Haskett lowered shares of Wayfair from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Argus lowered shares of Wayfair from a “buy” rating to a “hold” rating in a report on Monday, August 26th. Guggenheim reiterated a “buy” rating and set a $70.00 price objective on shares of Wayfair in a report on Thursday, September 26th. Mizuho dropped their price objective on shares of Wayfair from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. Finally, Stifel Nicolaus dropped their price objective on shares of Wayfair from $55.00 to $47.00 and set a “hold” rating on the stock in a report on Monday, November 4th. Thirteen equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $60.28.

About Wayfair

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.