200,000 Wayfair Inc. $W Shares Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. decreased its position in Wayfair Inc. (NYSE:W) by 61.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,000 shares of the company’s stock after selling 200,000 shares during the period. Jefferies Financial Group Inc. owned approximately 0.09% of Wayfair worth $12,717,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Atreides Management LP grew its stake in Wayfair by 64.3% during the 1st quarter. Atreides Management LP now owns 1,430,997 shares of the company’s stock valued at $107,625,000 after purchasing an additional 560,133 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Wayfair by 46.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,036,531 shares of the company’s stock valued at $77,923,000 after purchasing an additional 328,358 shares during the period. Janus Henderson Group PLC raised its stake in shares of Wayfair by 8.3% in the first quarter. Janus Henderson Group PLC now owns 3,866,708 shares of the company’s stock worth $290,813,000 after purchasing an additional 296,233 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Wayfair by 42.2% in the second quarter. Assenagon Asset Management S.A. now owns 818,591 shares of the company’s stock worth $75,654,000 after purchasing an additional 242,791 shares during the last quarter. Finally, Baird Financial Group Inc. purchased a new position in shares of Wayfair in the second quarter worth about $16,362,000. Hedge funds and other institutional investors own 89.67% of the company’s stock.

Wayfair Stock Performance

Shares of W opened at $114.13 on Thursday. The business’s 50-day moving average is $106.82 and its two-hundred day moving average is $89.26. The company has a market capitalization of $15.06 billion, a P/E ratio of 116.00, a P/E/G ratio of 5.10 and a beta of 3.10. Wayfair Inc. has a fifty-two week low of $55.60 and a fifty-two week high of $127.99.

Wayfair (NYSE:W) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.13. The business had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.38 billion. Wayfair had a negative return on equity of 5.14% and a negative net margin of 1.21%. The company’s revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the business posted $0.70 EPS. Analysts forecast that Wayfair Inc. will post 0.97 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Wayfair in a report on Monday, September 14th. Deutsche Bank increased their price target on shares of Wayfair from $120.00 to $140.00 and gave the stock a “hold” rating in a report on Thursday, November 5th. Moffett Nathanson raised their price target on shares of Wayfair from $43.00 to $63.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Wall Street Zen raised shares of Wayfair from a “hold” rating to a “buy” rating in a research report on Saturday, November 7th. Finally, Evercore began coverage on shares of Wayfair in a research note on Friday, November 6th. They set a “strong-buy” rating for the company. Four equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Wayfair has an average rating of “Moderate Buy” and a consensus target price of $128.44.

Insider Buying and Selling

In other Wayfair news, CTO Fiona Tan sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $122.73, for a total value of $859,110.00. Following the completion of the transaction, the chief technology officer directly owned 181,698 shares of the company’s stock, valued at approximately $22,299,795.54. The trade was a 3.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Niraj Shah sold 117,000 shares of the company’s stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $111.25, for a total value of $13,016,250.00. Following the completion of the sale, the chief executive officer owned 105,137 shares in the company, valued at approximately $11,696,491.25. This represents a 52.67% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 554,070 shares of company stock valued at $59,832,364 in the last three months. 18.44% of the stock is currently owned by insiders.

About Wayfair

Wayfair Inc. is an e-commerce company focused on furniture and home furnishings. Its online platform offers products for living rooms, bedrooms, kitchens, bathrooms, outdoor spaces and other areas of the home, including furniture, décor, lighting, rugs and housewares. The company operates a portfolio of retail brands, including Wayfair, AllModern, Birch Lane, Joss & Main and Perigold. It serves customers primarily in the United States and Canada, as well as in select international markets. Wayfair was founded in 2002 by Niraj Shah and Steve Conine as CSN Stores and adopted the Wayfair name in 2011.