19,037 Shares in Wayfair Inc. (NYSE:W) Bought by Cerity Partners LLC

Cerity Partners LLC acquired a new stake in Wayfair Inc. (NYSE:W - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,037 shares of the company's stock, valued at approximately $1,070,000.

Several other large investors have also bought and sold shares of W. Capital Performance Advisors LLP acquired a new stake in shares of Wayfair during the third quarter worth $29,000. International Assets Investment Management LLC acquired a new position in shares of Wayfair in the second quarter worth about $58,000. Comerica Bank raised its holdings in shares of Wayfair by 210.9% during the first quarter. Comerica Bank now owns 1,222 shares of the company's stock valued at $83,000 after acquiring an additional 829 shares during the period. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Wayfair in the 2nd quarter valued at approximately $109,000. Finally, Quarry LP boosted its stake in Wayfair by 880.0% in the 2nd quarter. Quarry LP now owns 2,548 shares of the company's stock worth $134,000 after purchasing an additional 2,288 shares during the period. Institutional investors own 89.67% of the company's stock.

Insider Activity at Wayfair

In other news, insider Steven Conine sold 30,000 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $42.31, for a total value of $1,269,300.00. Following the completion of the transaction, the insider now owns 179,073 shares of the company's stock, valued at approximately $7,576,578.63. This represents a 14.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jon Blotner sold 4,600 shares of the firm's stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $53.60, for a total transaction of $246,560.00. Following the completion of the sale, the insider now owns 52,078 shares in the company, valued at $2,791,380.80. This represents a 8.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 67,868 shares of company stock valued at $3,272,548 over the last quarter. 26.81% of the stock is owned by corporate insiders.

Wayfair Stock Down 0.8 %

W traded down $0.40 on Thursday, reaching $49.29. The company had a trading volume of 2,262,781 shares, compared to its average volume of 4,418,629. Wayfair Inc. has a fifty-two week low of $37.35 and a fifty-two week high of $76.18. The company's fifty day moving average is $47.10 and its 200 day moving average is $49.43.

Wayfair (NYSE:W - Get Free Report) last announced its earnings results on Friday, November 1st. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.09. The business had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the previous year, the firm posted ($1.38) EPS. The company's revenue was down 2.0% compared to the same quarter last year. On average, analysts forecast that Wayfair Inc. will post -2.88 earnings per share for the current year.

Wall Street Analyst Weigh In

W has been the topic of several recent research reports. Truist Financial cut their target price on Wayfair from $60.00 to $55.00 and set a "buy" rating on the stock in a report on Monday, November 4th. Citigroup dropped their price objective on Wayfair from $70.00 to $54.00 and set a "buy" rating on the stock in a research note on Monday, November 4th. BMO Capital Markets decreased their price target on shares of Wayfair from $58.00 to $50.00 and set a "market perform" rating on the stock in a research report on Monday, November 4th. StockNews.com cut Wayfair from a "hold" rating to a "sell" rating in a report on Thursday, November 21st. Finally, Stifel Nicolaus lowered their price target on shares of Wayfair from $55.00 to $47.00 and set a "hold" rating on the stock in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Wayfair presently has a consensus rating of "Moderate Buy" and an average price target of $60.28.

Wayfair Company Profile

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.