DXP Enterprises, Inc. (DXPE) Reaches $39.13 After 9.00% Up Move; Zevenbergen Capital Investments Has Increased By $13.07 Million Its Wayfair (W) Holding

May 15, 2018 - By Darrin Black

Wayfair Inc. (NYSE:W) Logo

Zevenbergen Capital Investments Llc increased Wayfair Inc. (W) stake by 35.43% reported in 2017Q4 SEC filing. Zevenbergen Capital Investments Llc acquired 163,415 shares as Wayfair Inc. (W)’s stock declined 16.33%. The Zevenbergen Capital Investments Llc holds 624,605 shares with $50.14 million value, up from 461,190 last quarter. Wayfair Inc. now has $7.59B valuation. The stock increased 1.80% or $1.51 during the last trading session, reaching $85.24. About 578,347 shares traded. Wayfair Inc. (NYSE:W) has risen 69.10% since May 15, 2017 and is uptrending. It has outperformed by 57.55% the S&P500.

The stock of DXP Enterprises, Inc. (NASDAQ:DXPE) is a huge mover today! The stock increased 4.10% or $1.54 during the last trading session, reaching $39.13. About 65,639 shares traded. DXP Enterprises, Inc. (NASDAQ:DXPE) has risen 24.48% since May 15, 2017 and is uptrending. It has outperformed by 12.93% the S&P500.The move comes after 6 months positive chart setup for the $679.83 million company. It was reported on May, 15 by Barchart.com. We have $42.65 PT which if reached, will make NASDAQ:DXPE worth $61.18 million more.

Among 33 analysts covering Wayfair LLC (NYSE:W), 15 have Buy rating, 2 Sell and 16 Hold. Therefore 45% are positive. Wayfair LLC had 96 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Wednesday, August 9 by Credit Suisse. The stock of Wayfair Inc. (NYSE:W) has “Hold” rating given on Wednesday, August 23 by KeyBanc Capital Markets. Piper Jaffray maintained Wayfair Inc. (NYSE:W) rating on Friday, September 29. Piper Jaffray has “Buy” rating and $89.0 target. The firm has “Underperform” rating by DA Davidson given on Friday, March 16. Gordon Haskett downgraded the stock to “Accumulate” rating in Wednesday, January 31 report. Cowen & Co maintained the stock with “Buy” rating in Friday, February 23 report. The firm has “Buy” rating by Oppenheimer given on Friday, August 4. On Friday, February 23 the stock rating was maintained by Canaccord Genuity with “Buy”. The stock of Wayfair Inc. (NYSE:W) has “Sector Weight” rating given on Tuesday, December 8 by Pacific Crest. Bank of America maintained the stock with “Neutral” rating in Tuesday, February 20 report.

More notable recent Wayfair Inc. (NYSE:W) news were published by: Benzinga.com which released: “Morgan Stanley Says Wayfair Will Be Profitable, But Later Than Expected” on April 25, 2018, also Seekingalpha.com with their article: “Wayfair: Unlocking Huge Potential” published on May 03, 2018, Benzinga.com published: “Rising Customer Acquisition Costs Could Pressure Wayfair, Wedbush Says Ahead Of Q1 Print” on April 30, 2018. More interesting news about Wayfair Inc. (NYSE:W) were released by: Benzinga.com and their article: “Piper Jaffray: Wayfair’s ‘Way Day’ Could Land Retailer New Customers” published on April 18, 2018 as well as Seekingalpha.com‘s news article titled: “Wayfair sees 33% jump in active customers” with publication date: May 02, 2018.

Since December 12, 2017, it had 1 insider buy, and 76 selling transactions for $12.91 million activity. 300 shares were sold by Oblak Steve, worth $20,616. Mulliken John Champlin sold $61,401 worth of stock. 3,330 shares valued at $294,971 were sold by FLEISHER MICHAEL D on Sunday, January 21. 1,213 shares were sold by Shah Niraj, worth $92,613 on Friday, December 15. The insider Conine Steven sold $184,420. 4,606 shares valued at $351,668 were sold by Savarese James on Friday, December 15. The insider Macri Edmond sold 755 shares worth $69,860.

Investors sentiment decreased to 1.23 in Q4 2017. Its down 0.40, from 1.63 in 2017Q3. It dived, 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. Parallax Volatility Advisers Lp reported 31 shares stake. Ruane Cunniff & Goldfarb Inc owns 0.76% invested in Wayfair Inc. (NYSE:W) for 1.16 million shares. Voya Inv Management Ltd Liability Corporation holds 0% of its portfolio in Wayfair Inc. (NYSE:W) for 14,044 shares. State Board Of Administration Of Florida Retirement Systems has invested 0.01% in Wayfair Inc. (NYSE:W). Citigroup Inc reported 542,495 shares. Wells Fargo Company Mn holds 67,877 shares or 0% of its portfolio. Daiwa Securities Grp Incorporated holds 0.01% in Wayfair Inc. (NYSE:W) or 18,692 shares. Royal Bancorporation Of Canada reported 0% stake. D E Shaw And Com invested 0.06% in Wayfair Inc. (NYSE:W). 30,095 were accumulated by Invesco Limited. Pub Employees Retirement Of Ohio invested 0.02% in Wayfair Inc. (NYSE:W). California Employees Retirement System has 124,658 shares for 0.01% of their portfolio. Moreover, Mitsubishi Ufj Banking Corporation has 0.06% invested in Wayfair Inc. (NYSE:W). Artisan Prtnrs Limited Partnership reported 0.2% stake. New York State Common Retirement Fund has invested 0.01% of its portfolio in Wayfair Inc. (NYSE:W).

Zevenbergen Capital Investments Llc decreased Regeneron Pharmaceuticals Inc (NASDAQ:REGN) stake by 13,020 shares to 129,665 valued at $48.75M in 2017Q4. It also reduced Exact Sciences Corporation (NASDAQ:EXAS) stake by 234,380 shares and now owns 1.88 million shares. Adobe Systems Incorporated (NASDAQ:ADBE) was reduced too.

More news for DXP Enterprises, Inc. (NASDAQ:DXPE) were recently published by: Globenewswire.com, which released: “New Research: Key Drivers of Growth for Global Medical REIT, DXP Enterprises, SJW, FTI Consulting, Anthera …” on May 04, 2018. Businesswire.com‘s article titled: “DXP Enterprises Reports First Quarter 2018 Results” and published on May 08, 2018 is yet another important article.

Since December 29, 2017, it had 0 insider purchases, and 6 insider sales for $2.72 million activity. 49,841 DXP Enterprises, Inc. (NASDAQ:DXPE) shares with value of $2.01 million were sold by LITTLE DAVID R. $291,600 worth of DXP Enterprises, Inc. (NASDAQ:DXPE) was sold by VINSON DAVID C. HAMLIN TODD also sold $74,200 worth of DXP Enterprises, Inc. (NASDAQ:DXPE) shares. Another trade for 3,000 shares valued at $120,000 was made by Jeffery John Jay on Monday, March 26. 3,175 shares were sold by YEE KENT NEE HUNG, worth $124,936.

Among 2 analysts covering DXP Enterprises (NASDAQ:DXPE), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. DXP Enterprises had 5 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Sector Weight” rating on Friday, May 26 by KeyBanc Capital Markets. The firm has “Hold” rating by KeyBanc Capital Markets given on Friday, September 15. The rating was initiated by KeyBanc Capital Markets with “Sector Weight” on Tuesday, July 21. The stock of DXP Enterprises, Inc. (NASDAQ:DXPE) has “Buy” rating given on Wednesday, March 21 by Stephens. As per Monday, October 16, the company rating was maintained by KeyBanc Capital Markets.

Analysts await DXP Enterprises, Inc. (NASDAQ:DXPE) to report earnings on July, 24. They expect $0.27 EPS, up 17.39% or $0.04 from last year’s $0.23 per share. DXPE’s profit will be $4.69M for 36.23 P/E if the $0.27 EPS becomes a reality. After $0.24 actual EPS reported by DXP Enterprises, Inc. for the previous quarter, Wall Street now forecasts 12.50% EPS growth.

Investors sentiment decreased to 0.98 in 2017 Q4. Its down 0.47, from 1.45 in 2017Q3. It is negative, as 11 investors sold DXP Enterprises, Inc. shares while 38 reduced holdings. 13 funds opened positions while 35 raised stakes. 12.94 million shares or 0.89% more from 12.83 million shares in 2017Q3 were reported. King Luther Capital Management has invested 0.11% of its portfolio in DXP Enterprises, Inc. (NASDAQ:DXPE). Bnp Paribas Arbitrage Sa has 0% invested in DXP Enterprises, Inc. (NASDAQ:DXPE) for 6,608 shares. Ameriprise reported 110,282 shares or 0% of all its holdings. Bancshares Of America Corp De owns 13,806 shares. Sei Invs holds 35,306 shares or 0% of its portfolio. Bank Of Montreal Can reported 738 shares. Penn Mgmt Inc accumulated 453,654 shares. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 211 shares. New York State Common Retirement Fund accumulated 145,135 shares. Aqr Cap Management Ltd Liability Com holds 0% in DXP Enterprises, Inc. (NASDAQ:DXPE) or 71,550 shares. American Intll Gp owns 12,541 shares. New Jersey-based Jacobs Levy Equity Mgmt has invested 0% in DXP Enterprises, Inc. (NASDAQ:DXPE). Sector Pension Inv Board holds 0% or 9,821 shares in its portfolio. Schwab Charles Management holds 0% or 66,396 shares in its portfolio. Ny State Teachers Retirement System invested in 0% or 6,155 shares.

DXP Enterprises, Inc. (NASDAQ:DXPE) Institutional Positions Chart

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