123,960 Shares in Wayfair Inc. (NYSE:W) Purchased by iA Global Asset Management Inc.

iA Global Asset Management Inc. purchased a new position in Wayfair Inc. (NYSE:W - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 123,960 shares of the company's stock, valued at approximately $6,964,000. iA Global Asset Management Inc. owned 0.10% of Wayfair as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Comerica Bank grew its stake 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 in the last quarter. Neo Ivy Capital Management purchased a new stake in Wayfair during the 2nd quarter worth approximately $561,000. Lecap Asset Management Ltd. increased its holdings in Wayfair by 63.2% during the 2nd quarter. Lecap Asset Management Ltd. now owns 23,910 shares of the company's stock worth $1,261,000 after purchasing an additional 9,261 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Wayfair by 12.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 290,512 shares of the company's stock valued at $15,319,000 after buying an additional 31,576 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Wayfair by 23.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 636,233 shares of the company's stock worth $33,549,000 after buying an additional 121,792 shares in the last quarter. Institutional investors and hedge funds own 89.67% of the company's stock.

Insider Activity at Wayfair

In other Wayfair news, insider Steven Conine sold 30,000 shares of the company's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $42.31, for a total value of $1,269,300.00. Following 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jon Blotner sold 6,055 shares of the firm's stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $53.07, for a total value of $321,338.85. Following the sale, the insider now directly owns 62,817 shares of the company's stock, valued at approximately $3,333,698.19. This represents a 8.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 67,868 shares of company stock worth $3,272,548 over the last quarter. 26.81% of the stock is currently owned by company insiders.

Wayfair Trading Up 8.6 %

Shares of NYSE:W traded up $4.24 on Friday, hitting $53.53. The company's stock had a trading volume of 5,821,251 shares, compared to its average volume of 4,124,773. Wayfair Inc. has a 12 month low of $37.35 and a 12 month high of $76.18. The stock's 50-day moving average is $46.94 and its two-hundred day moving average is $49.23.

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 company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter in the prior year, the company earned ($1.38) EPS. The business's quarterly revenue was down 2.0% on a year-over-year basis. Equities analysts predict that Wayfair Inc. will post -2.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

W has been the topic of several recent analyst reports. StockNews.com cut shares of Wayfair from a "hold" rating to a "sell" rating in a report on Thursday, November 21st. UBS Group cut their target price on shares of Wayfair from $70.00 to $65.00 and set a "buy" rating on the stock in a research note on Tuesday, October 22nd. Loop Capital lifted their price target on Wayfair from $45.00 to $55.00 and gave the stock a "hold" rating in a research note on Thursday, September 26th. Stifel Nicolaus cut their price objective on Wayfair from $55.00 to $47.00 and set a "hold" rating on the stock in a research note on Monday, November 4th. Finally, Piper Sandler decreased their target price on Wayfair from $67.00 to $63.00 and set an "overweight" rating for the company in a research report on Monday, October 28th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Wayfair presently has an average rating of "Moderate Buy" and an average target price 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.