Wayfair Inc. (NYSE:W) Shares Purchased by Heartland Advisors Inc.

Heartland Advisors Inc. boosted its stake in shares of Wayfair Inc. (NYSE:W - Free Report) by 57.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,000 shares of the company's stock after purchasing an additional 20,000 shares during the quarter. Heartland Advisors Inc.'s holdings in Wayfair were worth $2,438,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in W. Charles Schwab Investment Management Inc. lifted its stake in Wayfair by 35.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 974,255 shares of the company's stock valued at $54,734,000 after acquiring an additional 253,681 shares in the last quarter. Cerity Partners LLC bought a new position in Wayfair during the third quarter worth $1,070,000. Brooklyn Investment Group bought a new stake in Wayfair in the 3rd quarter valued at about $50,000. Bridgewater Associates LP bought a new position in shares of Wayfair in the third quarter valued at $7,203,000. Finally, Northwest & Ethical Investments L.P. purchased a new stake in Wayfair in the 3rd quarter valued at $67,000. 89.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Wedbush restated a "neutral" rating and set a $46.00 price target (up from $44.00) on shares of Wayfair in a research note on Friday, February 21st. Loop Capital decreased their target price on Wayfair from $55.00 to $45.00 and set a "hold" rating for the company in a research report on Friday, February 21st. BMO Capital Markets raised their price objective on shares of Wayfair from $50.00 to $55.00 and gave the company a "market perform" rating in a research report on Friday, February 21st. Needham & Company LLC restated a "buy" rating and issued a $50.00 price target on shares of Wayfair in a research report on Friday, February 21st. Finally, StockNews.com upgraded shares of Wayfair from a "sell" rating to a "hold" rating in a research note on Thursday, December 19th. Fourteen equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Wayfair has an average rating of "Moderate Buy" and a consensus price target of $56.81.

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Wayfair Trading Down 5.2 %

Shares of W traded down $1.75 during mid-day trading on Monday, reaching $32.10. The company's stock had a trading volume of 6,052,715 shares, compared to its average volume of 4,312,570. The company's fifty day moving average price is $41.29 and its two-hundred day moving average price is $45.29. Wayfair Inc. has a 52 week low of $29.68 and a 52 week high of $76.18. The stock has a market cap of $4.07 billion, a PE ratio of -7.98 and a beta of 3.44.

Wayfair (NYSE:W - Get Free Report) last released 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 business had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.07 billion. Research analysts anticipate that Wayfair Inc. will post -2.54 EPS for the current year.

Insiders Place Their Bets

In other news, insider Jon Blotner sold 5,669 shares of Wayfair stock in a transaction on Monday, January 13th. The stock was sold at an average price of $42.83, for a total transaction of $242,803.27. Following the transaction, the insider now owns 57,899 shares in the company, valued at $2,479,814.17. The trade was a 8.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Steven Conine sold 30,000 shares of the company's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $48.45, for a total transaction of $1,453,500.00. Following the completion of the transaction, the insider now directly owns 589,073 shares in the company, valued at $28,540,586.85. The trade was a 4.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 103,189 shares of company stock valued at $4,810,693 in the last quarter. 26.81% of the stock is currently owned by insiders.

Wayfair 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.