Ameritas Advisory Services LLC Has $1.42 Million Stock Holdings in Wayfair Inc. $W

Key Points

• Ameritas Advisory Services LLC increased its stake in Wayfair Inc. by 32.9% during the second quarter, now holding 27,800 shares worth approximately $1.42 million.
• Wayfair reported an earnings per share (EPS) of $0.87 for the latest quarter, surpassing analysts' expectations, with revenue rising 5.0% year-over-year to $3.27 billion.
• Insider trading activity has increased, with key executives selling a total of 85,000 shares each, resulting in substantial decreases in their stock ownership.

Ameritas Advisory Services LLC boosted its stake in Wayfair Inc. (NYSE:W - Free Report) by 32.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,800 shares of the company's stock after purchasing an additional 6,884 shares during the quarter. Ameritas Advisory Services LLC's holdings in Wayfair were worth $1,422,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. GAMMA Investing LLC grew its stake in shares of Wayfair by 85.8% in the 1st quarter. GAMMA Investing LLC now owns 1,319 shares of the company's stock valued at $42,000 after buying an additional 609 shares during the period. Parallel Advisors LLC grew its stake in Wayfair by 229.0% in the second quarter. Parallel Advisors LLC now owns 1,576 shares of the company's stock valued at $81,000 after acquiring an additional 1,097 shares during the period. Pallas Capital Advisors LLC acquired a new stake in Wayfair in the second quarter valued at approximately $234,000. Caitong International Asset Management Co. Ltd grew its stake in Wayfair by 15,266.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 4,610 shares of the company's stock valued at $148,000 after acquiring an additional 4,580 shares during the period. Finally, Stonehearth Capital Management LLC acquired a new stake in Wayfair in the second quarter valued at approximately $265,000. 89.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

W has been the subject of several research reports. Gordon Haskett raised shares of Wayfair from a "hold" rating to a "moderate buy" rating in a research report on Monday, August 4th. UBS Group lifted their price objective on shares of Wayfair from $80.00 to $91.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Mizuho lifted their price objective on shares of Wayfair from $50.00 to $88.00 and gave the company an "outperform" rating in a report on Tuesday, August 5th. Wells Fargo & Company set a $84.00 price target on Wayfair and gave the company an "overweight" rating in a research note on Tuesday, August 5th. Finally, Wedbush reiterated a "neutral" rating on shares of Wayfair in a research note on Tuesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $73.27.

Wayfair Price Performance

NYSE:W opened at $88.51 on Friday. The stock's fifty day moving average price is $79.83 and its two-hundred day moving average price is $54.45. The company has a market cap of $11.48 billion, a P/E ratio of -36.88 and a beta of 3.03. Wayfair Inc. has a 1 year low of $20.41 and a 1 year high of $91.77.

Wayfair (NYSE:W - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.54. The company had revenue of $3.27 billion for the quarter, compared to analysts' expectations of $3.11 billion. During the same period last year, the company posted $0.47 EPS. The business's revenue for the quarter was up 5.0% on a year-over-year basis. On average, analysts expect that Wayfair Inc. will post -2.54 earnings per share for the current fiscal year.

Insider Transactions at Wayfair

In related news, insider Steven Conine sold 85,000 shares of the stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $86.79, for a total value of $7,377,150.00. Following the sale, the insider owned 374,073 shares in the company, valued at approximately $32,465,795.67. This trade represents a 18.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Niraj Shah sold 85,000 shares of the firm's stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $86.79, for a total value of $7,377,150.00. Following the completion of the sale, the chief executive officer directly owned 374,137 shares in the company, valued at approximately $32,471,350.23. The trade was a 18.51% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 923,857 shares of company stock worth $71,090,564. Insiders own 21.91% of the company's stock.

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.

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