Vontobel Holding Ltd. Has $529,000 Stake in Wayfair Inc. (NYSE:W)

Vontobel Holding Ltd. lifted its position in Wayfair Inc. (NYSE:W - Free Report) by 118.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,927 shares of the company's stock after acquiring an additional 6,477 shares during the period. Vontobel Holding Ltd.'s holdings in Wayfair were worth $529,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Creative Planning raised its holdings in Wayfair by 2.1% during the 3rd quarter. Creative Planning now owns 13,261 shares of the company's stock worth $745,000 after buying an additional 272 shares during the period. International Assets Investment Management LLC raised its holdings in Wayfair by 3,988.6% during the 3rd quarter. International Assets Investment Management LLC now owns 45,056 shares of the company's stock worth $2,531,000 after buying an additional 43,954 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in Wayfair during the 3rd quarter worth approximately $304,000. Semanteon Capital Management LP acquired a new stake in shares of Wayfair in the third quarter valued at approximately $277,000. Finally, Nisa Investment Advisors LLC lifted its position in shares of Wayfair by 801.5% in the third quarter. Nisa Investment Advisors LLC now owns 42,460 shares of the company's stock worth $2,385,000 after purchasing an additional 37,750 shares in the last quarter. 89.67% of the stock is currently owned by institutional investors and hedge funds.

Wayfair Stock Down 7.9 %

Shares of W stock traded down $3.64 on Friday, reaching $42.42. The company had a trading volume of 3,331,069 shares, compared to its average volume of 3,677,049. The stock has a market capitalization of $5.32 billion, a PE ratio of -9.44 and a beta of 3.43. Wayfair Inc. has a one year low of $37.35 and a one year high of $76.18. The business's 50-day moving average is $46.42 and its 200 day moving average is $46.50.

Wayfair (NYSE:W - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported ($0.96) EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($1.01). The firm had revenue of $3.12 billion for the quarter, compared to analysts' expectations of $3.07 billion. On average, sell-side analysts forecast that Wayfair Inc. will post -2.89 earnings per share for the current fiscal year.

Insider Activity at Wayfair

In other Wayfair news, insider Steven Conine sold 30,000 shares of the firm's stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $48.45, for a total transaction of $1,453,500.00. Following the completion of the transaction, the insider now owns 589,073 shares in the company, valued at approximately $28,540,586.85. This trade represents a 4.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kate Gulliver sold 5,974 shares of the firm's stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $44.95, for a total transaction of $268,531.30. Following the transaction, the chief financial officer now owns 129,964 shares of the company's stock, valued at approximately $5,841,881.80. The trade was a 4.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 134,228 shares of company stock worth $6,440,118 in the last quarter. 26.81% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Canaccord Genuity Group cut their price objective on shares of Wayfair from $76.00 to $68.00 and set a "buy" rating on the stock in a research report on Friday. Needham & Company LLC reissued a "buy" rating and issued a $50.00 price objective on shares of Wayfair in a research report on Friday. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Wayfair from $69.00 to $46.00 and set a "buy" rating on the stock in a research report on Monday, November 4th. Royal Bank of Canada decreased their price objective on shares of Wayfair from $53.00 to $50.00 and set a "sector perform" rating on the stock in a report on Monday, November 4th. Finally, Mizuho decreased their price objective on shares of Wayfair from $65.00 to $60.00 and set an "outperform" rating on the stock in a report on Monday, November 4th. Fourteen research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $58.72.

Wayfair 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.