Vontobel Holding Ltd. Raises Position in Wayfair Inc. (NYSE:W)

Vontobel Holding Ltd. boosted its holdings in shares of Wayfair Inc. (NYSE:W - Free Report) by 182.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,717 shares of the company's stock after buying an additional 21,790 shares during the quarter. Vontobel Holding Ltd.'s holdings in Wayfair were worth $1,080,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. True Wealth Design LLC boosted its position in shares of Wayfair by 207.1% in the 4th quarter. True Wealth Design LLC now owns 565 shares of the company's stock worth $25,000 after purchasing an additional 381 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of Wayfair by 0.4% in the 4th quarter. California State Teachers Retirement System now owns 87,089 shares of the company's stock worth $3,860,000 after purchasing an additional 383 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Wayfair by 577.0% in the 4th quarter. Jones Financial Companies Lllp now owns 589 shares of the company's stock worth $26,000 after purchasing an additional 502 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Wayfair by 85.8% in the 1st quarter. GAMMA Investing LLC now owns 1,319 shares of the company's stock worth $42,000 after purchasing an additional 609 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in shares of Wayfair by 2.4% in the 4th quarter. Arizona State Retirement System now owns 26,951 shares of the company's stock worth $1,194,000 after purchasing an additional 624 shares in the last quarter. 89.67% of the stock is owned by hedge funds and other institutional investors.

Wayfair Price Performance

Wayfair stock traded up $0.42 during midday trading on Friday, reaching $56.88. The company had a trading volume of 3,314,876 shares, compared to its average volume of 4,848,729. The company has a market capitalization of $7.30 billion, a P/E ratio of -19.96 and a beta of 2.97. Wayfair Inc. has a 12-month low of $20.41 and a 12-month high of $58.42. The firm's fifty day simple moving average is $42.50 and its 200-day simple moving average is $40.15.

Wayfair (NYSE:W - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.10 EPS for the quarter, beating analysts' consensus estimates of ($0.14) by $0.24. The business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.71 billion. The firm's revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.32) EPS. On average, analysts expect that Wayfair Inc. will post -2.54 EPS for the current fiscal year.

Insider Activity at Wayfair

In related news, CEO Niraj Shah sold 179,707 shares of Wayfair stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $52.58, for a total value of $9,448,994.06. Following the completion of the sale, the chief executive officer owned 236,850 shares in the company, valued at approximately $12,453,573. This trade represents a 43.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Steven Conine sold 180,943 shares of Wayfair stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $52.59, for a total transaction of $9,515,792.37. Following the completion of the sale, the insider owned 236,167 shares of the company's stock, valued at $12,420,022.53. This trade represents a 43.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold 652,067 shares of company stock valued at $31,829,662 over the last quarter. 21.91% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on W shares. Wedbush raised shares of Wayfair to a "hold" rating in a report on Thursday, May 1st. UBS Group dropped their price objective on shares of Wayfair from $60.00 to $55.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Loop Capital reissued a "sell" rating and set a $35.00 price objective on shares of Wayfair in a report on Wednesday, May 14th. Argus raised shares of Wayfair from a "hold" rating to a "buy" rating and set a $40.00 price objective on the stock in a report on Monday, May 12th. Finally, Bank of America boosted their price objective on shares of Wayfair from $36.00 to $43.00 and gave the company a "neutral" rating in a report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $45.67.

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.