Today’s Market Runner: What’s Propelling Wayfair Inc to Decline So Much?

Today's Market Runner: What's Propelling Wayfair Inc to Decline So Much?

The stock of Wayfair Inc (NYSE:W) is a huge mover today! About 1.14M shares traded hands. Wayfair Inc (NYSE:W) has declined 12.94% since April 18, 2016 and is downtrending. It has underperformed by 17.37% the S&P500.
The move comes after 5 months negative chart setup for the $2.84B company. It was reported on Nov, 18 by Barchart.com. We have $32.02 PT which if reached, will make NYSE:W worth $142.00 million less.

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 company was initiated on Friday, July 31 by Evercore. Piper Jaffray maintained the stock with “Overweight” rating in Thursday, February 25 report. The stock of Wayfair Inc (NYSE:W) earned “Hold” rating by Zacks on Wednesday, August 19. The rating was upgraded by Raymond James on Tuesday, November 10 to “Strong Buy”. The stock of Wayfair Inc (NYSE:W) has “Neutral” rating given on Wednesday, August 10 by Goldman Sachs. JP Morgan initiated it with “Neutral” rating and $45 target price in Monday, April 25 report. Buckingham Research initiated Wayfair Inc (NYSE:W) rating on Monday, April 11. Buckingham Research has “Buy” rating and $52 price target. The firm earned “Buy” rating on Wednesday, January 20 by Citigroup. The stock of Wayfair Inc (NYSE:W) has “Neutral” rating given on Wednesday, August 10 by Bank of America. As per Friday, August 14, the company rating was maintained by Citigroup.

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 decreased to 1.08 in 2016 Q2. Its down 0.35, from 1.43 in 2016Q1. The ratio dropped, 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.
Kcg holds 0.01% of its portfolio in Wayfair Inc (NYSE:W) for 7,472 shares. The California-based Light Street Mgmt Lc has invested 6.94% in Wayfair Inc (NYSE:W). Great Hill Partners L P owns 7.16M shares or 100% of their US portfolio. Moreover, Pnc Service Group Inc has 0% invested in Wayfair Inc (NYSE:W) for 100 shares. Royal Fincl Bank Of Canada reported 142,824 shares or 0% of all its holdings. The New Jersey-based Blackrock Mngmt Lc has invested 0.01% in Wayfair Inc (NYSE:W). Pacad Invest holds 12,100 shares or 0.07% of its portfolio. Deutsche Bancorporation Ag accumulated 63,988 shares or 0% of the stock. Parametric Portfolio Assoc Limited Liability last reported 0% of its portfolio in the stock. Advisors Cap Mngmt Llc reported 7,035 shares or 0.03% of all its holdings. Alpinvest Prtn Bv reported 33,872 shares or 2.62% of all its holdings. Dimensional Fund Advisors Limited Partnership last reported 11,576 shares in the company. Loring Wolcott And Coolidge Fiduciary Advsrs Ltd Liability Partnership Ma holds 0% or 302 shares in its portfolio. Bp Public Lc has 5,241 shares for 0.01% of their US portfolio. Loomis Sayles And L P has 0.04% invested in the company for 333,603 shares.

Insider Transactions: Since May 19, 2016, the stock had 0 insider buys, and 131 selling transactions for $64.13 million net activity. Shares for $154,560 were sold by Macri Edmond. $574,200 worth of Wayfair Inc (NYSE:W) was sold by Shah Niraj. Shares for $20,425 were sold by Savarese James. HARBOURVEST PARTNERS 2007 DIRECT ASSOCIATES L.P. sold $2.75 million worth of stock or 68,100 shares. Mulliken John Champlin also sold $33,349 worth of Wayfair Inc (NYSE:W) shares. The insider Oblak Steve sold 500 shares worth $24,040. The insider Malone Nicholas sold $9,408.

More news for Wayfair Inc (NYSE:W) were recently published by: Fool.com, which released: “Wayfair Inc. Produces a Solid Quarter, but the Market Still Has Its Doubts” on November 08, 2016. Investorplace.com‘s article titled: “Why Wayfair Inc (W) Stock Is Plunging Today” and published on November 08, 2016 is yet another important article.

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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