Hennessy Advisors Inc. cut its stake in shares of Wayfair Inc. (NYSE:W) by 12.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 742,727 shares of the company’s stock after selling 105,600 shares during the period. Hennessy Advisors Inc.’s holdings in Wayfair were worth $29,241,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. BNP Paribas Arbitrage SA raised its position in shares of Wayfair by 112.9% in the third quarter. BNP Paribas Arbitrage SA now owns 2,629 shares of the company’s stock valued at $104,000 after buying an additional 1,394 shares in the last quarter. BlackRock Inc. raised its position in shares of Wayfair by 70.0% in the second quarter. BlackRock Inc. now owns 2,689 shares of the company’s stock valued at $105,000 after buying an additional 1,107 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new position in shares of Wayfair during the second quarter valued at approximately $107,000. Legal & General Group Plc raised its position in shares of Wayfair by 28.8% in the second quarter. Legal & General Group Plc now owns 3,810 shares of the company’s stock valued at $149,000 after buying an additional 853 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of Wayfair by 42.4% in the second quarter. Teacher Retirement System of Texas now owns 3,905 shares of the company’s stock valued at $152,000 after buying an additional 1,163 shares in the last quarter. Institutional investors own 71.63% of the company’s stock.

Institutional Ownership by Quarter for Wayfair (NYSE:W)

Shares of Wayfair Inc. (NYSE:W) traded up 2.35% during mid-day trading on Tuesday, reaching $34.83. 105,122 shares of the company were exchanged. The company’s 50-day moving average is $34.91 and its 200 day moving average is $38.86. Wayfair Inc. has a 12 month low of $27.60 and a 12 month high of $50.00. The firm’s market capitalization is $2.98 billion.

Wayfair (NYSE:W) last announced its quarterly earnings results on Tuesday, November 8th. The company reported ($0.54) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.59) by $0.05. The firm had revenue of $861.50 million for the quarter, compared to analysts’ expectations of $849.42 million. Wayfair had a negative net margin of 5.29% and a negative return on equity of 91.94%. Wayfair’s revenue was up 45.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.13) earnings per share. Analysts predict that Wayfair Inc. will post ($1.84) EPS for the current year.

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W has been the topic of several recent research reports. Maxim Group set a $49.00 target price on shares of Wayfair and gave the stock a “buy” rating in a research note on Tuesday, August 9th. Veritas Investment Research reissued a “hold” rating on shares of Wayfair in a research report on Friday, August 5th. Zacks Investment Research raised shares of Wayfair from a “sell” rating to a “hold” rating in a research report on Wednesday, September 21st. Vetr downgraded shares of Wayfair from a “buy” rating to a “hold” rating and set a $42.28 price objective on the stock. in a research report on Thursday, September 8th. Finally, Pacific Crest reissued an “equal weight” rating on shares of Wayfair in a research report on Sunday, August 14th. Fourteen analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $51.15.

In related news, CFO Michael D. Fleisher sold 4,608 shares of Wayfair stock in a transaction on Monday, November 21st. The shares were sold at an average price of $33.50, for a total value of $154,368.00. Following the completion of the sale, the chief financial officer now owns 45,852 shares in the company, valued at $1,536,042. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Nicholas Malone sold 6,400 shares of Wayfair stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $43.06, for a total transaction of $275,584.00. Following the completion of the sale, the insider now owns 10,705 shares of the company’s stock, valued at approximately $460,957.30. The disclosure for this sale can be found here. Insiders own 63.94% of the company’s stock.

Wayfair Company Profile

Wayfair Inc (Wayfair) offers browsing, merchandising, product discovery and prices for a range of products from suppliers across various brands, including Wayfair.com, Joss & Main, AllModern, DwellStudio and Birch Lane. The Company offers a range of furniture, home furnishings, decor and goods. Wayfair produces editorial content both in-house and through third parties.

5 Day Chart for NYSE:W

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