As Wayfair INC (W) Market Value Rose, Holder Light Street Capital Management LLC Trimmed Its Stake by $36.93 Million

October 2, 2018 - By Hazel Jackson

Wayfair Inc. (NYSE:W) LogoInvestors sentiment decreased to 1.1 in 2018 Q2. Its down 0.08, from 1.18 in 2018Q1. It worsened, as 36 investors sold W shares while 61 reduced holdings. 43 funds opened positions while 64 raised stakes. 63.82 million shares or 2.11% less from 65.20 million shares in 2018Q1 were reported. Coatue Ltd Liability Com reported 7,507 shares stake. Altimeter Cap Lp invested in 60,000 shares. Price T Rowe Md holds 166,871 shares. Us State Bank De has invested 0% in Wayfair Inc. (NYSE:W). Axa has 9,200 shares for 0% of their portfolio. Prudential holds 2,920 shares. Bnp Paribas Asset Management Sa has 0.17% invested in Wayfair Inc. (NYSE:W) for 174,481 shares. Northeast accumulated 20,285 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 3,318 shares. Grp Incorporated has 1,355 shares. Bluemountain Capital Management Limited Liability Corp stated it has 21,473 shares. Parametric Port Assocs Lc holds 0.01% of its portfolio in Wayfair Inc. (NYSE:W) for 55,170 shares. Venator Cap Mngmt holds 3.9% of its portfolio in Wayfair Inc. (NYSE:W) for 48,000 shares. State Board Of Administration Of Florida Retirement Systems reported 0.02% stake. Maverick Cap Ltd holds 0.01% or 7,760 shares.

Since April 3, 2018, it had 0 insider purchases, and 95 insider sales for $79.82 million activity. Conine Steven had sold 4,000 shares worth $419,521. $68,228 worth of Wayfair Inc. (NYSE:W) shares were sold by Macri Edmond. HARBOURVEST PARTNERS 2007 DIRECT ASSOCIATES L.P. sold $25,812 worth of stock. Mulliken John Champlin also sold $163,880 worth of Wayfair Inc. (NYSE:W) on Sunday, July 15. Oblak Steve had sold 18,366 shares worth $2.01M on Thursday, June 14. FLEISHER MICHAEL D had sold 4,390 shares worth $306,949 on Saturday, April 21.

Light Street Capital Management Llc decreased its stake in Wayfair Inc (W) by 19.82% based on its latest 2018Q2 regulatory filing with the SEC. Light Street Capital Management Llc sold 312,945 shares as the company’s stock rose 39.16% with the market. The hedge fund held 1.27 million shares of the catalog and specialty distribution company at the end of 2018Q2, valued at $150.35 million, down from 1.58M at the end of the previous reported quarter. Light Street Capital Management Llc who had been investing in Wayfair Inc for a number of months, seems to be less bullish one the $12.25 billion market cap company. The stock decreased 4.88% or $7.01 during the last trading session, reaching $136.63. About 1.00M shares traded. Wayfair Inc. (NYSE:W) has risen 81.48% since October 2, 2017 and is uptrending. It has outperformed by 65.86% the S&P500.

Light Street Capital Management Llc, which manages about $928.09M and $1.43 billion US Long portfolio, upped its stake in Alibaba Group Hldg Ltd (NYSE:BABA) by 258,949 shares to 410,924 shares, valued at $76.24M in 2018Q2, according to the filing. It also increased its holding in Gridsum Hldg Inc by 912,060 shares in the quarter, for a total of 2.61 million shares, and has risen its stake in Pagseguro Digital Ltd.

Analysts await Wayfair Inc. (NYSE:W) to report earnings on November, 1. They expect $-1.50 EPS, down 70.45 % or $0.62 from last year’s $-0.88 per share. After $-1.13 actual EPS reported by Wayfair Inc. for the previous quarter, Wall Street now forecasts 32.74 % negative EPS growth.

More notable recent Wayfair Inc. (NYSE:W) news were published by: Benzinga.com which released: “Supreme Court Ruling On Internet Sales Tax Clears The Air, But Muddies The Water” on September 10, 2018, also Seekingalpha.com with their article: “The Amazon Threat Is Increasing For Wayfair” published on September 20, 2018, Seekingalpha.com published: “Canaccord expects Wayfair rally to extend” on September 28, 2018. More interesting news about Wayfair Inc. (NYSE:W) were released by: Seekingalpha.com and their article: “Buy the Amazon-related dip in Wayfair – Piper” published on September 24, 2018 as well as Bizjournals.com‘s news article titled: “Wayfair stock drops after Amazon unveils furniture-focused site” with publication date: September 19, 2018.

Wayfair Inc. (NYSE:W) Ratings Coverage

Among 11 analysts covering Wayfair Inc (NYSE:W), 5 have Buy rating, 0 Sell and 6 Hold. Therefore 45% are positive. Wayfair Inc had 18 analyst reports since April 3, 2018 according to SRatingsIntel. The rating was maintained by Canaccord Genuity with “Buy” on Friday, August 3. Wells Fargo maintained the stock with “Market Perform” rating in Wednesday, September 12 report. The firm has “Buy” rating by Buckingham Research given on Friday, August 3. The firm has “Neutral” rating given on Tuesday, June 19 by Robert W. Baird. Canaccord Genuity maintained it with “Buy” rating and $165 target in Friday, September 28 report. The stock has “Neutral” rating by Credit Suisse on Thursday, May 3. Bank of America maintained it with “Buy” rating and $125 target in Wednesday, June 27 report. The stock of Wayfair Inc. (NYSE:W) has “Neutral” rating given on Thursday, September 13 by Bank of America. As per Tuesday, April 3, the company rating was maintained by Piper Jaffray. The rating was upgraded by Bank of America to “Buy” on Wednesday, May 2.

Wayfair Inc. (NYSE:W) Institutional Positions Chart

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