Interval Partners LP Grows Position in Wayfair Inc. $W

Interval Partners LP raised its holdings in shares of Wayfair Inc. (NYSE:W) by 1,581.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 184,223 shares of the company’s stock after purchasing an additional 173,265 shares during the quarter. Interval Partners LP’s holdings in Wayfair were worth $18,498,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership grew its holdings in Wayfair by 826.0% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,817,056 shares of the company’s stock valued at $251,648,000 after buying an additional 2,512,854 shares in the last quarter. Voloridge Investment Management LLC purchased a new position in Wayfair during the 3rd quarter valued at about $108,125,000. Norges Bank purchased a new position in Wayfair during the 4th quarter valued at about $117,973,000. AQR Capital Management LLC grew its holdings in Wayfair by 197.3% during the 2nd quarter. AQR Capital Management LLC now owns 1,557,937 shares of the company’s stock valued at $79,673,000 after buying an additional 1,033,865 shares in the last quarter. Finally, Holocene Advisors LP grew its holdings in Wayfair by 351.9% during the 2nd quarter. Holocene Advisors LP now owns 1,294,057 shares of the company’s stock valued at $66,178,000 after buying an additional 1,007,676 shares in the last quarter. 89.67% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Wayfair

In other news, Director Steven Conine sold 112,861 shares of the business’s stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $77.50, for a total transaction of $8,746,727.50. Following the completion of the transaction, the director owned 436,212 shares of the company’s stock, valued at approximately $33,806,430. The trade was a 20.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Niraj Shah sold 113,863 shares of the firm’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $77.49, for a total value of $8,823,243.87. Following the sale, the chief executive officer owned 435,274 shares in the company, valued at $33,729,382.26. The trade was a 20.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 463,785 shares of company stock valued at $35,864,224. 18.44% of the stock is owned by corporate insiders.

Wayfair Trading Down 1.9%

Shares of NYSE W opened at $81.62 on Thursday. Wayfair Inc. has a 12 month low of $47.21 and a 12 month high of $119.98. The firm has a market capitalization of $10.77 billion, a price-to-earnings ratio of -34.88, a PEG ratio of 4.37 and a beta of 3.02. The business has a 50-day moving average of $71.17 and a 200-day moving average of $84.94.

Wayfair (NYSE:W) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. Wayfair had a negative return on equity of 2.20% and a negative net margin of 2.41%.The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same quarter in the previous year, the firm earned $0.10 earnings per share. Wayfair’s revenue was up 7.4% on a year-over-year basis. On average, analysts predict that Wayfair Inc. will post 0.63 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on W shares. Royal Bank Of Canada reduced their target price on Wayfair from $92.00 to $76.00 and set a “sector perform” rating for the company in a report on Thursday, April 30th. Mizuho reduced their target price on Wayfair from $110.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, May 8th. Wells Fargo & Company reduced their target price on Wayfair from $125.00 to $100.00 and set an “overweight” rating for the company in a report on Friday, May 1st. UBS Group reduced their target price on Wayfair from $130.00 to $115.00 and set a “buy” rating for the company in a report on Friday, May 1st. Finally, Wall Street Zen lowered Wayfair from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Wayfair presently has an average rating of “Moderate Buy” and a consensus price target of $99.68.

About Wayfair

Wayfair Inc (NYSE: W) is an e-commerce company focused on home furnishings and décor. Through its platform, Wayfair offers a broad assortment of furniture, lighting, home textiles, kitchenware and decorative accessories. The company’s portfolio includes flagship sites such as Wayfair.com, as well as specialty retail brands like Joss & Main, AllModern, Birch Lane and Perigold, each catering to distinct design styles and price points.

Founded in 2002 by Niraj Shah and Steve Conine under the name CSN Stores, the business rebranded as Wayfair in 2011 and went public in 2014.