Entropy Technologies LP Acquires 7,884 Shares of Wayfair Inc. (NYSE:W)

Entropy Technologies LP lifted its holdings in Wayfair Inc. (NYSE:W) by 33.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,460 shares of the company’s stock after purchasing an additional 7,884 shares during the quarter. Entropy Technologies LP’s holdings in Wayfair were worth $1,767,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Wayfair by 4.5% in the 1st 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 last quarter. SageView Advisory Group LLC acquired a new stake in shares of Wayfair in the first quarter valued at about $937,000. Sei Investments Co. raised its holdings in Wayfair by 14.6% during the first quarter. Sei Investments Co. now owns 100,447 shares of the company’s stock worth $6,818,000 after acquiring an additional 12,809 shares in the last quarter. Highland Peak Capital LLC acquired a new position in Wayfair during the second quarter valued at approximately $5,165,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new position in Wayfair in the second quarter valued at approximately $8,189,000. Institutional investors and hedge funds own 89.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their price objective on Wayfair from $80.00 to $63.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. UBS Group cut their price target on shares of Wayfair from $70.00 to $65.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. Raymond James lowered their price objective on shares of Wayfair from $70.00 to $65.00 and set a “strong-buy” rating on the stock in a research note on Friday, August 2nd. BMO Capital Markets cut their target price on shares of Wayfair from $58.00 to $50.00 and set a “market perform” rating for the company in a research note on Monday, November 4th. Finally, Mizuho lowered their price target on Wayfair from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Thirteen equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $60.28.

Insider Buying and Selling at Wayfair

In other Wayfair news, insider Jon Blotner sold 4,600 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $53.60, for a total transaction of $246,560.00. Following the completion of the transaction, the insider now directly owns 52,078 shares in the company, valued at $2,791,380.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, COO Thomas Netzer sold 1,011 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $49.42, for a total value of $49,963.62. Following the sale, the chief operating officer now directly owns 151,802 shares in the company, valued at approximately $7,502,054.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jon Blotner sold 4,600 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $53.60, for a total transaction of $246,560.00. Following the transaction, the insider now owns 52,078 shares of the company’s stock, valued at approximately $2,791,380.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,868 shares of company stock valued at $2,003,248 in the last ninety days. 23.50% of the stock is currently owned by company insiders.

Wayfair Price Performance

Shares of NYSE:W opened at $39.19 on Wednesday. The business’s 50 day simple moving average is $48.40 and its 200 day simple moving average is $51.78. Wayfair Inc. has a 1 year low of $37.51 and a 1 year high of $76.18.

Wayfair (NYSE:W) last issued its quarterly earnings results on Friday, November 1st. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.09. The company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter in the previous year, the business posted ($1.38) EPS. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, equities analysts predict that Wayfair Inc. will post -2.92 EPS for the current year.

Wayfair Company Profile

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.