Signaturefd LLC Has $18.04 Million Stock Holdings in Wayfair Inc. (NYSE:W)

Signaturefd LLC boosted its holdings in Wayfair Inc. (NYSE:W) by 56.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 321,098 shares of the company’s stock after purchasing an additional 115,778 shares during the quarter. Signaturefd LLC owned 0.27% of Wayfair worth $18,039,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Riverview Trust Co bought a new position in Wayfair in the 1st quarter valued at about $27,000. ORG Partners LLC acquired a new position in Wayfair during the first quarter valued at approximately $37,000. International Assets Investment Management LLC bought a new stake in Wayfair during the second quarter worth $58,000. Comerica Bank boosted its holdings in shares of Wayfair by 210.9% in the 1st quarter. Comerica Bank now owns 1,222 shares of the company’s stock valued at $83,000 after purchasing an additional 829 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in shares of Wayfair during the 2nd quarter worth $109,000. Institutional investors and hedge funds own 89.67% of the company’s stock.

Wall Street Analysts Forecast Growth

W has been the topic of several research analyst reports. Argus lowered Wayfair from a “buy” rating to a “hold” rating in a research note on Monday, August 26th. StockNews.com upgraded shares of Wayfair from a “sell” rating to a “hold” rating in a research note on Monday, August 5th. Barclays lowered their price objective on shares of Wayfair from $58.00 to $51.00 and set an “equal weight” rating for the company in a research report on Monday, August 5th. Royal Bank of Canada cut their target price on shares of Wayfair from $65.00 to $53.00 and set a “sector perform” rating on the stock in a research report on Friday, August 2nd. Finally, Loop Capital upped their price target on shares of Wayfair from $45.00 to $55.00 and gave the stock a “hold” rating in a report on Thursday, September 26th. Twelve equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $65.80.

Insiders Place Their Bets

In related news, COO Thomas Netzer sold 1,011 shares of Wayfair 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 completion of the transaction, the chief operating officer now directly owns 151,802 shares in the company, valued at approximately $7,502,054.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO Thomas Netzer sold 1,011 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $49.42, for a total transaction of $49,963.62. Following the sale, the chief operating officer now directly owns 151,802 shares in the company, valued at $7,502,054.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Jon Blotner sold 6,055 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $53.07, for a total value of $321,338.85. Following the completion of the transaction, the insider now owns 62,817 shares in the company, valued at $3,333,698.19. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,891 shares of company stock worth $2,007,213 over the last quarter. 26.81% of the stock is currently owned by company insiders.

Wayfair Stock Up 0.0 %

Wayfair stock traded up $0.01 during mid-day trading on Tuesday, reaching $47.35. 2,912,065 shares of the company’s stock were exchanged, compared to its average volume of 4,256,163. The firm has a market capitalization of $5.70 billion, a PE ratio of -8.70 and a beta of 3.42. The business’s fifty day simple moving average is $48.51 and its 200 day simple moving average is $53.40. Wayfair Inc. has a one year low of $38.02 and a one year high of $76.18.

Wayfair (NYSE:W) last released its earnings results on Thursday, August 1st. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). The firm had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.18 billion. During the same period in the prior year, the company earned ($1.27) earnings per share. The firm’s revenue for the quarter was up .2% on a year-over-year basis. On average, sell-side analysts forecast that Wayfair Inc. will post -2.68 earnings per share for the current year.

Wayfair 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.