The stock of Wayfair Inc (NYSE:W) is a huge mover today! About 1.65M shares traded hands or 7.14% up from the average. Wayfair Inc (NYSE:W) has declined 15.84% since April 8, 2016 and is downtrending. It has underperformed by 21.49% the S&P500.
The move comes after 7 months positive chart setup for the $3.19 billion company. It was reported on Nov, 10 by Barchart.com. We have $51.92 PT which if reached, will make NYSE:W worth $1.47 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. Evercore initiated the shares of W in a report on Friday, July 31 with “Buy” rating. The rating was initiated by Longbow with “Neutral” on Thursday, June 16. OTR downgraded Wayfair Inc (NYSE:W) on Friday, October 2 to “Negative” rating. The firm has “Buy” rating given on Monday, April 11 by Buckingham Research. As per Thursday, February 4, the company rating was upgraded by Goldman Sachs. The firm earned “Neutral” rating on Wednesday, August 10 by Goldman Sachs. The rating was downgraded by Raymond James to “Outperform” on Tuesday, March 22. The rating was maintained by Piper Jaffray on Thursday, February 25 with “Overweight”. The firm earned “Sector Weight” rating on Tuesday, December 8 by Pacific Crest. The rating was maintained by Maxim Group on Wednesday, November 9 with “Buy”.
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.
Seven Eight Cap Ltd Liability Corp last reported 1 shares in the company. Moreover, Bnp Paribas Arbitrage Sa has 0% invested in Wayfair Inc (NYSE:W) for 1,235 shares. Whale Rock Mngmt Limited Liability Com has 405,727 shares for 1.31% of their US portfolio. Tremblant Capital Group Inc, a New York-based fund reported 505,061 shares. Blackrock Fund accumulated 0.01% or 760,793 shares. Contour Asset Management Ltd Llc has 936,182 shares for 2.47% of their US portfolio. Great West Life Assurance Can owns 3,200 shares or 0% of their US portfolio. Swiss Bank has 0% invested in the company for 45,600 shares. Rhumbline Advisers accumulated 0% or 28,495 shares. Fmr Limited Liability Corporation owns 7.09 million shares or 0.04% of their US portfolio. Schwab Charles Invest Mngmt reported 100,671 shares or 0% of all its holdings. Janus Mgmt Limited Liability Com owns 690,202 shares or 0.02% of their US portfolio. Coatue Management Limited Liability Corporation owns 992,320 shares or 0.55% of their US portfolio. Samlyn Ltd Com holds 396,111 shares or 0.37% of its portfolio. State Of New Jersey Common Pension Fund D last reported 0.13% of its portfolio in the stock.
Insider Transactions: Since May 11, 2016, the stock had 0 buys, and 135 insider sales for $69.63 million net activity. Savarese James also sold $19,205 worth of Wayfair Inc (NYSE:W) shares. Macri Edmond sold 600 shares worth $17,550. $491,040 worth of shares were sold by Conine Steven on Friday, May 20. $96,775 worth of Wayfair Inc (NYSE:W) was sold by FLEISHER MICHAEL D on Monday, August 29. $1.21 million worth of Wayfair Inc (NYSE:W) shares were sold by HARBOURVEST PARTNERS 2007 DIRECT ASSOCIATES L.P.. Oblak Steve also sold $20,190 worth of Wayfair Inc (NYSE:W) on Monday, July 11. $32,278 worth of Wayfair Inc (NYSE:W) shares were sold by Shah Niraj.
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. Nasdaq.com‘s news article titled: “Earnings Reaction History: WAYFAIR INC, 50.0% Follow-Through Indicator, 14.8 …” 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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