Telemark Asset Management LLC Position in Wayfair INC (W) Lowered as Stock Price Declined

April 22, 2018 - By Hazel Jackson

Wayfair Inc. (NYSE:W) LogoInvestors sentiment decreased to 1.23 in 2017 Q4. Its down 0.40, from 1.63 in 2017Q3. It is negative, as 41 investors sold W shares while 50 reduced holdings. 48 funds opened positions while 64 raised stakes. 61.87 million shares or 6.68% more from 58.00 million shares in 2017Q3 were reported. State Of New Jersey Common Pension Fund D holds 64,500 shares or 0.02% of its portfolio. Royal Commercial Bank Of Canada invested 0% in Wayfair Inc. (NYSE:W). Bluemountain Capital Mngmt Ltd Liability Company has 0.15% invested in Wayfair Inc. (NYSE:W) for 93,280 shares. Shanda Asset Mgmt accumulated 0.18% or 15,000 shares. Amundi Pioneer Asset Mgmt has invested 0.01% of its portfolio in Wayfair Inc. (NYSE:W). Sg Americas Lc owns 0% invested in Wayfair Inc. (NYSE:W) for 5,363 shares. Raymond James Fincl Services Advisors invested 0% of its portfolio in Wayfair Inc. (NYSE:W). Balyasny Asset Mngmt Ltd invested in 0.05% or 202,673 shares. Sterling Capital Mgmt Lc reported 0.02% of its portfolio in Wayfair Inc. (NYSE:W). Credit Suisse Ag reported 0% of its portfolio in Wayfair Inc. (NYSE:W). Teacher Retirement System Of Texas owns 12,856 shares for 0.01% of their portfolio. Pub Employees Retirement System Of Ohio owns 46,712 shares. Brandywine Glob Invest Management Ltd Llc reported 245,564 shares. 102,213 were accumulated by Night Owl Cap Mngmt Ltd Liability Corp. Alpine Woods Limited Liability Company reported 11,000 shares.

Since October 23, 2017, it had 1 insider purchase, and 74 selling transactions for $12.60 million activity. Oblak Steve also sold $721,339 worth of Wayfair Inc. (NYSE:W) shares. Mulliken John Champlin also sold $14,029 worth of Wayfair Inc. (NYSE:W) shares. Another trade for 10,000 shares valued at $990,000 was made by FLEISHER MICHAEL D on Tuesday, February 20. 2,000 shares valued at $187,540 were sold by Conine Steven on Monday, January 29. 762 shares were sold by Shah Niraj, worth $64,442 on Thursday, March 15. 12,494 shares valued at $1.25 million were sold by Savarese James on Thursday, February 15.

Telemark Asset Management Llc decreased its stake in Wayfair Inc (W) by 25% based on its latest 2017Q4 regulatory filing with the SEC. Telemark Asset Management Llc sold 100,000 shares as the company’s stock declined 16.33% with the market. The hedge fund held 300,000 shares of the catalog and specialty distribution company at the end of 2017Q4, valued at $24.08M, down from 400,000 at the end of the previous reported quarter. Telemark Asset Management Llc who had been investing in Wayfair Inc for a number of months, seems to be less bullish one the $6.21B market cap company. The stock increased 1.14% or $0.79 during the last trading session, reaching $69.91. About 2.22M shares traded or 12.52% up from the average. Wayfair Inc. (NYSE:W) has risen 69.10% since April 22, 2017 and is uptrending. It has outperformed by 57.55% the S&P500.

Analysts await Wayfair Inc. (NYSE:W) to report earnings on May, 2 before the open. They expect $-1.16 earnings per share, down 75.76 % or $0.50 from last year’s $-0.66 per share. After $-0.83 actual earnings per share reported by Wayfair Inc. for the previous quarter, Wall Street now forecasts 39.76 % negative EPS growth.

Wayfair Inc. (NYSE:W) Ratings Coverage

Among 15 analysts covering Wayfair Inc (NYSE:W), 9 have Buy rating, 1 Sell and 5 Hold. Therefore 60% are positive. Wayfair Inc had 24 analyst reports since October 31, 2017 according to SRatingsIntel. The rating was maintained by Cowen & Co with “Buy” on Tuesday, October 31. The firm earned “Accumulate” rating on Wednesday, January 31 by Gordon Haskett. The stock of Wayfair Inc. (NYSE:W) has “Neutral” rating given on Friday, November 3 by Credit Suisse. The firm has “Buy” rating by Canaccord Genuity given on Friday, February 23. The firm has “Buy” rating by Piper Jaffray given on Thursday, February 15. The stock of Wayfair Inc. (NYSE:W) has “Neutral” rating given on Wednesday, January 3 by Bank of America. The rating was maintained by Citigroup with “Buy” on Friday, November 3. The firm has “Buy” rating by Stifel Nicolaus given on Friday, December 15. On Tuesday, April 3 the stock rating was maintained by Piper Jaffray with “Buy”. The stock of Wayfair Inc. (NYSE:W) has “Buy” rating given on Thursday, January 11 by Cowen & Co.

Wayfair Inc. (NYSE:W) Institutional Positions Chart

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