Qsemble Capital Management LP Makes New Investment in Wayfair Inc. (NYSE:W)

Qsemble Capital Management LP purchased a new position in Wayfair Inc. (NYSE:W) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,840 shares of the company’s stock, valued at approximately $668,000.

Other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. raised its position in shares of Wayfair by 48.9% during the third quarter. American Century Companies Inc. now owns 308,168 shares of the company’s stock worth $18,666,000 after purchasing an additional 101,270 shares during the period. Wellington Management Group LLP lifted its stake in shares of Wayfair by 67.7% in the third quarter. Wellington Management Group LLP now owns 644,622 shares of the company’s stock valued at $39,045,000 after buying an additional 260,237 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Wayfair by 5.2% during the third quarter. Vanguard Group Inc. now owns 7,830,300 shares of the company’s stock valued at $474,281,000 after buying an additional 386,717 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Wayfair by 50.6% during the third quarter. Public Employees Retirement System of Ohio now owns 56,670 shares of the company’s stock valued at $3,433,000 after buying an additional 19,031 shares during the last quarter. Finally, Handelsinvest Investeringsforvaltning bought a new stake in shares of Wayfair during the fourth quarter worth about $256,000. Institutional investors and hedge funds own 89.67% of the company’s stock.

Analysts Set New Price Targets

W has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft lifted their price target on Wayfair from $63.00 to $79.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. StockNews.com downgraded shares of Wayfair from a “hold” rating to a “sell” rating in a report on Sunday, June 23rd. Needham & Company LLC reissued a “buy” rating and set a $75.00 price target on shares of Wayfair in a research report on Thursday, May 16th. TD Cowen upped their price objective on shares of Wayfair from $55.00 to $58.00 and gave the stock a “hold” rating in a research report on Friday, May 3rd. Finally, BMO Capital Markets lifted their target price on shares of Wayfair from $57.00 to $61.00 and gave the stock a “market perform” rating in a research report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $78.44.

Insider Activity

In other Wayfair news, CTO Fiona Tan sold 8,036 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $50.64, for a total value of $406,943.04. Following the sale, the chief technology officer now directly owns 64,074 shares in the company, valued at approximately $3,244,707.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Jon Blotner sold 4,395 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $56.09, for a total transaction of $246,515.55. Following the completion of the transaction, the insider now owns 43,926 shares of the company’s stock, valued at $2,463,809.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Fiona Tan sold 8,036 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $50.64, for a total transaction of $406,943.04. Following the completion of the sale, the chief technology officer now directly owns 64,074 shares in the company, valued at $3,244,707.36. The disclosure for this sale can be found here. Insiders have sold a total of 60,030 shares of company stock worth $3,327,414 over the last ninety days. Company insiders own 26.81% of the company’s stock.

Wayfair Trading Down 5.1 %

W stock traded down $2.94 during midday trading on Wednesday, reaching $54.29. 1,113,958 shares of the company’s stock traded hands, compared to its average volume of 4,180,451. The company has a 50-day moving average price of $58.06 and a two-hundred day moving average price of $57.56. Wayfair Inc. has a 52 week low of $38.37 and a 52 week high of $90.71.

Wayfair (NYSE:W) last released its quarterly earnings data on Thursday, May 2nd. The company reported ($1.38) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.49) by $0.11. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.64 billion. As a group, analysts anticipate that Wayfair Inc. will post -2.93 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.