Mirae Asset Global Investments Co. Ltd. Has $9.17 Million Holdings in Wayfair Inc. (NYSE:W)

Mirae Asset Global Investments Co. Ltd. decreased its holdings in shares of Wayfair Inc. (NYSE:W) by 0.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 161,523 shares of the company’s stock after selling 853 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.13% of Wayfair worth $9,168,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in W. Vanguard Group Inc. grew its position in Wayfair by 4.5% during the 1st quarter. Vanguard Group Inc. now owns 8,467,900 shares of the company’s stock worth $574,801,000 after acquiring an additional 363,948 shares during the last quarter. SageView Advisory Group LLC bought a new stake in shares of Wayfair during the first quarter worth about $937,000. Sei Investments Co. increased its stake in shares of Wayfair by 14.6% in the first quarter. Sei Investments Co. now owns 100,447 shares of the company’s stock valued at $6,818,000 after buying an additional 12,809 shares during the period. Highland Peak Capital LLC bought a new position in Wayfair in the 2nd quarter valued at approximately $5,165,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new stake in Wayfair during the 2nd quarter worth approximately $8,189,000. Institutional investors own 89.67% of the company’s stock.

Wayfair Stock Down 2.1 %

NYSE W opened at $44.39 on Monday. Wayfair Inc. has a 52 week low of $38.02 and a 52 week high of $76.18. The business has a 50 day moving average price of $48.77 and a 200-day moving average price of $52.95. The company has a market cap of $5.34 billion, a price-to-earnings ratio of -8.28 and a beta of 3.42.

Wayfair (NYSE:W) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). The business had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.18 billion. During the same period in the previous year, the business earned ($1.27) EPS. The company’s quarterly revenue was up .2% compared to the same quarter last year. On average, equities research analysts anticipate that Wayfair Inc. will post -2.68 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on W. Needham & Company LLC restated a “buy” rating and issued a $60.00 price target on shares of Wayfair in a research report on Wednesday, October 23rd. Bank of America downgraded Wayfair from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $85.00 to $58.00 in a report on Thursday, August 1st. Loop Capital lifted their target price on Wayfair from $45.00 to $55.00 and gave the stock a “hold” rating in a report on Thursday, September 26th. Gordon Haskett lowered Wayfair from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, The Goldman Sachs Group lowered their price objective on Wayfair from $67.00 to $54.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Twelve equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $65.20.

Insider Transactions at Wayfair

In other news, insider Jon Blotner sold 4,600 shares of the stock in a transaction that occurred on Monday, October 14th. The stock was 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 of the company’s stock, valued at $2,791,380.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Jon Blotner sold 4,600 shares of the stock in a transaction dated 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 owns 52,078 shares in the company, valued at $2,791,380.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Thomas Netzer sold 1,011 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $49.42, for a total transaction of $49,963.62. Following the transaction, the chief operating officer now directly owns 151,802 shares in the company, valued at $7,502,054.84. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,891 shares of company stock valued at $2,007,213 over the last three months. Corporate insiders own 26.81% of the company’s stock.

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.