Chilton Investment Co. LLC Trims Holdings in Wayfair Inc (W)
Chilton Investment Co. LLC decreased its position in shares of Wayfair Inc (NYSE:W) by 53.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 273,269 shares of the company’s stock after selling 315,828 shares during the quarter. Chilton Investment Co. LLC’s holdings in Wayfair were worth $21,935,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Wayfair by 52.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,803 shares of the company’s stock valued at $145,000 after acquiring an additional 624 shares during the last quarter. Delta Asset Management LLC TN raised its position in shares of Wayfair by 375.0% during the 3rd quarter. Delta Asset Management LLC TN now owns 1,900 shares of the company’s stock valued at $128,000 after acquiring an additional 1,500 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Wayfair by 1,512.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,322 shares of the company’s stock valued at $157,000 after acquiring an additional 2,178 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Wayfair during the 4th quarter valued at $224,000. Finally, CIBC Asset Management Inc bought a new stake in shares of Wayfair during the 4th quarter valued at $236,000. 66.89% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Edmond Macri sold 755 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $92.53, for a total transaction of $69,860.15. Following the completion of the transaction, the insider now directly owns 1,000 shares in the company, valued at approximately $92,530. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Steven Conine sold 2,000 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $93.77, for a total transaction of $187,540.00. Following the transaction, the insider now owns 34,894 shares of the company’s stock, valued at $3,272,010.38. The disclosure for this sale can be found here. In the last quarter, insiders have sold 62,010 shares of company stock valued at $4,913,814. Corporate insiders own 56.93% of the company’s stock.
Wayfair (NYSE:W) last released its earnings results on Thursday, November 2nd. The company reported ($0.65) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.68) by $0.03. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Wayfair had a negative return on equity of 658.45% and a negative net margin of 5.06%. The company’s revenue was up 39.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.54) EPS. equities analysts forecast that Wayfair Inc will post -2.78 earnings per share for the current year.
Several analysts have commented on W shares. Wedbush reiterated an “outperform” rating on shares of Wayfair in a research report on Wednesday, December 27th. Moffett Nathanson started coverage on shares of Wayfair in a research report on Monday, December 4th. They set a “buy” rating for the company. Bank of America cut shares of Wayfair from a “buy” rating to a “neutral” rating and set a $88.00 price objective for the company. in a research report on Wednesday, January 3rd. MKM Partners set a $107.00 price objective on shares of Wayfair and gave the company a “buy” rating in a research report on Wednesday, January 24th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $89.00 price objective on shares of Wayfair in a research report on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and twelve have given a buy rating to the company. Wayfair currently has an average rating of “Hold” and a consensus target price of $79.22.
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Wayfair Inc (Wayfair) offers browsing, merchandising and product discovery for a range of products from various suppliers. The Company operates through two segments: U.S. and International. The U.S. segment consists of amounts earned through product sales through the Company’s five sites in the United States and through sites operated by third parties in the United States.
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