Canada Pension Plan Investment Board raised its holdings in shares of Wayfair Inc. (NYSE:W - Free Report) by 13.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 134,300 shares of the company's stock after buying an additional 15,900 shares during the period. Canada Pension Plan Investment Board owned about 0.11% of Wayfair worth $5,952,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of W. Vanguard Group Inc. grew its stake in Wayfair by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 9,315,337 shares of the company's stock worth $412,856,000 after acquiring an additional 327,603 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Wayfair in the fourth quarter valued at approximately $6,799,000. Sterling Capital Management LLC grew its stake in Wayfair by 60.1% in the fourth quarter. Sterling Capital Management LLC now owns 5,636 shares of the company's stock worth $250,000 after purchasing an additional 2,116 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Wayfair by 5.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 44,710 shares of the company's stock worth $1,982,000 after purchasing an additional 2,250 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in Wayfair during the 4th quarter worth $229,000. Institutional investors own 89.67% of the company's stock.
Insider Activity
In other news, insider Steven Conine sold 30,000 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $46.33, for a total value of $1,389,900.00. Following the completion of the sale, the insider now directly owns 559,073 shares in the company, valued at $25,901,852.09. The trade was a 5.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jon Blotner sold 19,257 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $31.68, for a total value of $610,061.76. Following the transaction, the insider now owns 78,308 shares in the company, valued at $2,480,797.44. This trade represents a 19.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 92,863 shares of company stock valued at $3,393,929 in the last three months. 21.91% of the stock is currently owned by corporate insiders.
Wayfair Trading Down 0.4 %
W traded down $0.12 during midday trading on Friday, hitting $29.29. 3,868,767 shares of the company were exchanged, compared to its average volume of 4,630,686. The firm has a market capitalization of $3.72 billion, a price-to-earnings ratio of -7.29 and a beta of 3.72. The company's 50 day simple moving average is $32.54 and its 200 day simple moving average is $41.63. Wayfair Inc. has a 1-year low of $20.41 and a 1-year high of $76.18.
Wayfair (NYSE:W - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($0.96) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($1.01). The company had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.07 billion. On average, equities analysts anticipate that Wayfair Inc. will post -2.54 EPS for the current year.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on W. Jefferies Financial Group raised shares of Wayfair from a "hold" rating to a "buy" rating and upped their price target for the stock from $45.00 to $47.00 in a research report on Friday, March 7th. Loop Capital lowered their target price on Wayfair from $55.00 to $45.00 and set a "hold" rating for the company in a report on Friday, February 21st. JPMorgan Chase & Co. cut their price target on Wayfair from $63.00 to $50.00 and set an "overweight" rating on the stock in a report on Monday, March 10th. BMO Capital Markets upped their price objective on Wayfair from $50.00 to $55.00 and gave the stock a "market perform" rating in a research note on Friday, February 21st. Finally, Wedbush reaffirmed a "neutral" rating and set a $46.00 price objective (up previously from $44.00) on shares of Wayfair in a research report on Friday, February 21st. Sixteen research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Wayfair has an average rating of "Hold" and a consensus price target of $50.68.
View Our Latest Research Report on Wayfair
About Wayfair
(
Free Report)
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.
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