Nomura Holdings Inc. Has $3.84 Million Position in Wayfair Inc (W)
Nomura Holdings Inc. trimmed its position in Wayfair Inc (NYSE:W) by 98.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 32,299 shares of the company’s stock after selling 1,970,701 shares during the period. Nomura Holdings Inc.’s holdings in Wayfair were worth $3,836,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of W. Global X Management Co LLC boosted its holdings in shares of Wayfair by 82.8% during the 2nd quarter. Global X Management Co LLC now owns 2,639 shares of the company’s stock worth $313,000 after purchasing an additional 1,195 shares during the last quarter. Scopia Capital Management LP acquired a new position in Wayfair in the second quarter valued at approximately $252,032,000. Metropolitan Life Insurance Co. NY lifted its holdings in Wayfair by 54.0% in the second quarter. Metropolitan Life Insurance Co. NY now owns 4,414 shares of the company’s stock valued at $524,000 after acquiring an additional 1,547 shares during the last quarter. Marshall Wace LLP acquired a new position in Wayfair in the second quarter valued at approximately $4,170,000. Finally, Vident Investment Advisory LLC acquired a new position in Wayfair in the second quarter valued at approximately $945,000. Institutional investors own 72.43% of the company’s stock.
Shares of W stock traded up $6.67 on Friday, reaching $122.67. 1,789,895 shares of the stock were exchanged, compared to its average volume of 1,693,318. The company has a current ratio of 0.89, a quick ratio of 0.86 and a debt-to-equity ratio of -2.47. The company has a market cap of $13.24 billion, a P/E ratio of -43.81 and a beta of 1.51. Wayfair Inc has a twelve month low of $55.33 and a twelve month high of $151.20.
In other Wayfair news, insider Steven Conine sold 14,000 shares of the company’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $112.97, for a total value of $1,581,580.00. Following the completion of the transaction, the insider now owns 88,853 shares in the company, valued at $10,037,723.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Niraj Shah sold 17,600 shares of the company’s stock in a transaction on Monday, October 8th. The shares were sold at an average price of $131.10, for a total transaction of $2,307,360.00. Following the completion of the transaction, the chief executive officer now owns 112,638 shares of the company’s stock, valued at approximately $14,766,841.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 431,583 shares of company stock valued at $58,474,993. Insiders own 37.75% of the company’s stock.
A number of analysts have issued reports on the company. Zacks Investment Research raised Wayfair from a “sell” rating to a “hold” rating in a research report on Wednesday, August 8th. Loop Capital set a $155.00 target price on Wayfair and gave the company a “buy” rating in a research report on Monday, September 10th. Buckingham Research boosted their target price on Wayfair from $95.00 to $137.00 and gave the company a “buy” rating in a research report on Wednesday, June 20th. Robert W. Baird boosted their target price on Wayfair from $80.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, June 19th. Finally, Piper Jaffray Companies reissued an “overweight” rating and issued a $150.00 target price (up previously from $96.00) on shares of Wayfair in a research report on Wednesday, June 27th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Wayfair presently has a consensus rating of “Hold” and a consensus price target of $126.81.
Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. The company offers approximately 10 million products for the home sector under various brands. It offers a selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, such as Wayfair, Joss & Main, AllModern, DwellStudio, Perigold, and Birch Lane.
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