Check Capital Management Inc. CA Sells 919 Shares of Wayfair Inc. (NYSE:W)

Check Capital Management Inc. CA decreased its holdings in shares of Wayfair Inc. (NYSE:W) by 0.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 199,433 shares of the company’s stock after selling 919 shares during the quarter. Wayfair comprises about 0.3% of Check Capital Management Inc. CA’s investment portfolio, making the stock its 13th largest position. Check Capital Management Inc. CA owned about 0.16% of Wayfair worth $11,204,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Oppenheimer & Co. Inc. bought a new stake in shares of Wayfair in the 1st quarter valued at approximately $438,000. Swiss National Bank boosted its stake in Wayfair by 2.4% during the first quarter. Swiss National Bank now owns 163,900 shares of the company’s stock worth $11,126,000 after buying an additional 3,800 shares during the period. Sei Investments Co. increased its position in Wayfair by 14.6% during the first quarter. Sei Investments Co. now owns 100,447 shares of the company’s stock valued at $6,818,000 after acquiring an additional 12,809 shares during the last quarter. QRG Capital Management Inc. raised its stake in shares of Wayfair by 12.0% in the first quarter. QRG Capital Management Inc. now owns 3,716 shares of the company’s stock valued at $252,000 after acquiring an additional 399 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Wayfair by 4.5% in 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. Institutional investors own 89.67% of the company’s stock.

Insider Buying and Selling

In other news, CTO Fiona Tan sold 10,040 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $53.06, for a total transaction of $532,722.40. Following the transaction, the chief technology officer now owns 84,655 shares in the company, valued at $4,491,794.30. This trade represents a 10.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jon Blotner sold 4,600 shares of the business’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $53.60, for a total transaction 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 approximately $2,791,380.80. The trade was a 8.12 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,868 shares of company stock valued at $2,003,248. Corporate insiders own 26.81% of the company’s stock.

Wayfair Trading Up 0.8 %

Shares of NYSE W opened at $38.80 on Friday. Wayfair Inc. has a 52 week low of $37.51 and a 52 week high of $76.18. The business’s 50 day moving average price is $48.29 and its 200 day moving average price is $51.59.

Wayfair (NYSE:W) last announced its quarterly earnings results on Friday, November 1st. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.09. The company had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.87 billion. Wayfair’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the prior year, the business posted ($1.38) earnings per share. On average, sell-side analysts expect that Wayfair Inc. will post -2.92 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on W shares. Deutsche Bank Aktiengesellschaft decreased their price target on Wayfair from $69.00 to $46.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Barclays cut their price target on shares of Wayfair from $58.00 to $51.00 and set an “equal weight” rating on the stock in a report on Monday, August 5th. Bank of America cut shares of Wayfair from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $85.00 to $58.00 in a research report on Thursday, August 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $60.00 target price on shares of Wayfair in a research report on Friday, November 1st. Finally, Wedbush lowered their price target on Wayfair from $50.00 to $45.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Thirteen analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Wayfair presently has an average rating of “Moderate Buy” and an average price target of $60.28.

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.