Charles Schwab Investment Management Inc. lifted its stake in shares of Wayfair Inc. (NYSE:W - Free Report) by 3.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,009,312 shares of the company's stock after acquiring an additional 35,057 shares during the period. Charles Schwab Investment Management Inc. owned 0.81% of Wayfair worth $44,733,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in W. Jones Financial Companies Lllp lifted its position in Wayfair by 577.0% during the fourth quarter. Jones Financial Companies Lllp now owns 589 shares of the company's stock worth $26,000 after buying an additional 502 shares during the period. GAMMA Investing LLC raised its holdings in shares of Wayfair by 65.5% in the 4th quarter. GAMMA Investing LLC now owns 710 shares of the company's stock worth $31,000 after purchasing an additional 281 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Wayfair in the 3rd quarter worth about $44,000. Venturi Wealth Management LLC purchased a new position in shares of Wayfair in the 4th quarter worth about $45,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of Wayfair in the 4th quarter worth about $48,000. Institutional investors and hedge funds own 89.67% of the company's stock.
Wayfair Stock Down 6.2 %
Shares of W traded down $1.99 during mid-day trading on Tuesday, hitting $30.11. The stock had a trading volume of 4,801,219 shares, compared to its average volume of 4,198,619. The company has a market cap of $3.82 billion, a PE ratio of -7.49 and a beta of 3.44. The company's fifty day simple moving average is $43.06 and its two-hundred day simple moving average is $45.81. Wayfair Inc. has a fifty-two week low of $29.69 and a fifty-two week high of $76.18.
Wayfair (NYSE:W - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported ($0.96) EPS for the quarter, missing the consensus estimate of $0.05 by ($1.01). The firm had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.07 billion. Equities analysts expect that Wayfair Inc. will post -2.54 earnings per share for the current year.
Analysts Set New Price Targets
W has been the topic of a number of research reports. Guggenheim restated a "buy" rating and issued a $60.00 price objective on shares of Wayfair in a report on Monday, March 10th. BMO Capital Markets raised their price objective on Wayfair from $50.00 to $55.00 and gave the stock a "market perform" rating in a report on Friday, February 21st. Canaccord Genuity Group lowered their target price on Wayfair from $76.00 to $68.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Truist Financial lowered their target price on Wayfair from $55.00 to $53.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Finally, Jefferies Financial Group upgraded Wayfair from a "hold" rating to a "buy" rating and increased their target price for the company from $45.00 to $47.00 in a research note on Friday, March 7th. Fourteen equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $56.81.
Get Our Latest Stock Analysis on W
Insider Buying and Selling
In other Wayfair news, insider Jon Blotner sold 4,966 shares of Wayfair stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $44.93, for a total transaction of $223,122.38. Following the sale, the insider now owns 68,089 shares of the company's stock, valued at $3,059,238.77. The trade was a 6.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Fiona Tan sold 8,249 shares of Wayfair stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $44.91, for a total value of $370,462.59. Following the sale, the chief technology officer now directly owns 96,557 shares in the company, valued at $4,336,374.87. The trade was a 7.87 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 133,189 shares of company stock valued at $6,183,193. Insiders own 26.81% of the company's stock.
Wayfair Company Profile
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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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