The stock of Wayfair Inc (NYSE:W) is a huge mover today! About 953,668 shares traded hands. Wayfair Inc (NYSE:W) has declined 14.07% since April 13, 2016 and is downtrending. It has underperformed by 18.00% the S&P500.
The move comes after 5 months positive chart setup for the $3.18 billion company. It was reported on Nov, 15 by Barchart.com. We have $61.76 PT which if reached, will make NYSE:W worth $2.16 billion more.
Wayfair Inc (NYSE:W) Ratings Coverage
Out of 18 analysts covering Wayfair LLC (NYSE:W), 8 rate it a “Buy”, 1 “Sell”, while 9 “Hold”. This means 44% are positive. Wayfair LLC has been the topic of 28 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Wednesday, April 6 by Sterne Agee CRT. Maxim Group maintained Wayfair Inc (NYSE:W) rating on Wednesday, November 9. Maxim Group has “Buy” rating and $45 price target. Goldman Sachs downgraded it to “Neutral” rating and $43 target price in Wednesday, August 10 report. The stock of Wayfair Inc (NYSE:W) earned “Negative” rating by OTR on Friday, October 2. Citigroup upgraded the shares of W in a report on Wednesday, January 20 to “Buy” rating. The rating was maintained by Piper Jaffray on Thursday, February 25 with “Overweight”. The stock has “Buy” rating given by Evercore on Friday, July 31. The rating was initiated by Maxim Group on Thursday, May 26 with “Buy”. The firm earned “Outperform” rating on Wednesday, August 10 by Wedbush. The company was downgraded on Tuesday, March 22 by Raymond James.
According to Zacks Investment Research, “Wayfair Inc. engages in the e-commerce business. It offers bedroom, living room, kitchen and dining, home entertainment, home office, game room and bar, patio, hallway and entryway, and bathroom furniture. The Company operates under the Wayfair.com, Joss & Main, AllModern, DwellStudio, and Birch Lane brands. It offers products and services primarily in the United States. Wayfair LLC is headquartered in Boston, Massachusetts.”
Insitutional Activity: The institutional sentiment increased to 1.43 in 2016 Q2. Its up 0.30, from 1.13 in 2016Q1. The ratio improved, as 31 funds sold all Wayfair Inc shares owned while 32 reduced positions. 29 funds bought stakes while 61 increased positions. They now own 59.77 million shares or 11.15% more from 53.78 million shares in 2016Q1.
Soros Fund Mgmt Limited Com accumulated 0.29% or 352,632 shares. Glenmede Company Na holds 1,000 shares or 0% of its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in the company for 828 shares. Washington Capital Inc has 0.5% invested in the company for 9,100 shares. The Massachusetts-based Wellington Mgmt Group Inc Limited Liability Partnership has invested 0.04% in Wayfair Inc (NYSE:W). Credit Suisse Ag has 28,711 shares for 0% of their US portfolio. Fincl Bank Of Montreal Can accumulated 0% or 142 shares. Moreover, Coatue Management Ltd Com has 0.55% invested in Wayfair Inc (NYSE:W) for 992,320 shares. Loring Wolcott & Coolidge Fiduciary Advisors Llp Ma reported 302 shares or 0% of all its holdings. Samlyn Capital Ltd Liability Co has invested 0.37% of its portfolio in Wayfair Inc (NYSE:W). Raymond James Fincl Serv Incorporated reported 19,294 shares or 0.01% of all its holdings. Hennessy Advisors accumulated 1% or 848,327 shares. Schwab Charles Invest Mgmt holds 0% of its portfolio in Wayfair Inc (NYSE:W) for 100,671 shares. Kcg Holdg has invested 0.01% of its portfolio in Wayfair Inc (NYSE:W). Chilton Investment Limited Liability has 2.34% invested in the company for 1.69 million shares.
Insider Transactions: Since May 17, 2016, the stock had 0 buys, and 127 insider sales for $64.83 million net activity. Another trade for 2,730 shares valued at $106,525 was made by Delinsky Jeremy on Thursday, September 1. Another trade for 4,635 shares valued at $177,335 was sold by FLEISHER MICHAEL D. The insider Oblak Steve sold 375 shares worth $14,265. Macri Edmond had sold 600 shares worth $24,342. 40,200 Wayfair Inc (NYSE:W) shares with value of $1.65M were sold by HARBOURVEST PARTNERS 2007 DIRECT ASSOCIATES L.P.. Savarese James sold $21,115 worth of stock or 500 shares. Conine Steven also sold $480,600 worth of Wayfair Inc (NYSE:W) shares.
More recent Wayfair Inc (NYSE:W) news were published by: Fool.com which released: “Wayfair Inc. Produces a Solid Quarter, but the Market Still Has Its Doubts” on November 08, 2016. Also Investorplace.com published the news titled: “Why Wayfair Inc (W) Stock Is Plunging Today” on November 08, 2016. Schaeffersresearch.com‘s news article titled: “Wayfair Inc’s (W) Post-Earnings Plunge Draws Rare Batch of Put Players” with publication date: November 08, 2016 was also an interesting one.
W Company Profile
Wayfair Inc. (Wayfair), incorporated on August 8, 2014, which 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 Firm offers a range of furniture, home furnishings, decor and goods. Wayfair produces editorial content both in-house and through third parties. The Firm offers its suppliers a real-time view of its demand and inventory needs via data and analytics.
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