Wayfair Inc. (NYSE:W) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its stake in shares of Wayfair Inc. (NYSE:W - Free Report) by 11.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 202,619 shares of the company's stock after selling 26,105 shares during the quarter. Victory Capital Management Inc. owned 0.16% of Wayfair worth $11,383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of W. Capital Performance Advisors LLP bought a new position in Wayfair during the third quarter valued at approximately $29,000. International Assets Investment Management LLC purchased a new stake in Wayfair during the 2nd quarter valued at about $58,000. Comerica Bank lifted its position in Wayfair by 210.9% during the first quarter. Comerica Bank now owns 1,222 shares of the company's stock valued at $83,000 after purchasing an additional 829 shares during the period. Emerald Mutual Fund Advisers Trust purchased a new stake in Wayfair in the second quarter worth about $109,000. Finally, Quarry LP raised its stake in Wayfair by 880.0% during the 2nd quarter. Quarry LP now owns 2,548 shares of the company's stock valued at $134,000 after purchasing an additional 2,288 shares during the period. Hedge funds and other institutional investors own 89.67% of the company's stock.

Insiders Place Their Bets

In other news, COO Thomas Netzer sold 1,011 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $49.42, for a total value of $49,963.62. Following the sale, the chief operating officer now directly owns 151,802 shares in the company, valued at $7,502,054.84. This represents a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jon Blotner sold 4,600 shares of the company's stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $53.60, for a total value of $246,560.00. Following the completion of the sale, the insider now directly owns 52,078 shares in the company, valued at approximately $2,791,380.80. The trade was a 8.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,868 shares of company stock worth $2,003,248 in the last 90 days. Corporate insiders own 26.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on W. Robert W. Baird cut their price objective on Wayfair from $56.00 to $50.00 and set a "neutral" rating for the company in a research report on Monday, November 4th. Citigroup reduced their price objective on Wayfair from $70.00 to $54.00 and set a "buy" rating on the stock in a research note on Monday, November 4th. Needham & Company LLC reiterated a "buy" rating and set a $60.00 target price on shares of Wayfair in a research report on Friday, November 1st. Stifel Nicolaus reduced their price target on shares of Wayfair from $55.00 to $47.00 and set a "hold" rating on the stock in a research report on Monday, November 4th. Finally, UBS Group lowered their price objective on shares of Wayfair from $70.00 to $65.00 and set a "buy" rating for the company in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Wayfair currently has an average rating of "Moderate Buy" and an average price target of $60.28.

Wayfair Trading Up 0.5 %

W traded up $0.22 on Thursday, hitting $42.63. The company had a trading volume of 3,194,927 shares, compared to its average volume of 4,443,834. The firm has a market cap of $5.34 billion, a P/E ratio of -9.44 and a beta of 3.46. The company's fifty day moving average price is $47.97 and its 200 day moving average price is $51.08. Wayfair Inc. has a 1 year low of $37.35 and a 1 year high of $76.18.

Wayfair (NYSE:W - Get Free Report) last posted its earnings results on Friday, November 1st. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.09. The company had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same quarter last year, the business posted ($1.38) EPS. The firm's revenue for the quarter was down 2.0% on a year-over-year basis. On average, analysts predict that Wayfair Inc. will post -2.92 earnings per share for the current year.

Wayfair Company Profile

Wayfair Inc provides e-commerce business in the United States and internationally. The company offers approximately thirty million products for the home sector. It offers online selections of furniture, décor, housewares, and home improvement products through its sites consisting of Wayfair, Joss & Main, AllModern, Birch Lane, Perigold, and Wayfair Professional.