Vanguard Group Inc. Has $500.01 Million Stake in Wayfair Inc. (NYSE:W)

Vanguard Group Inc. boosted its holdings in shares of Wayfair Inc. (NYSE:W - Free Report) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,103,952 shares of the company's stock after buying an additional 273,652 shares during the period. Vanguard Group Inc. owned about 6.73% of Wayfair worth $500,014,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of W. McGlone Suttner Wealth Management Inc. bought a new stake in Wayfair during the 4th quarter worth approximately $29,000. GAMMA Investing LLC acquired a new stake in shares of Wayfair in the 4th quarter valued at approximately $31,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Wayfair in the 3rd quarter valued at approximately $34,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Wayfair in the 4th quarter valued at $74,000. Finally, Magnus Financial Group LLC bought a new stake in Wayfair in the 4th quarter valued at $200,000. Institutional investors and hedge funds own 89.67% of the company's stock.

Insider Buying and Selling at Wayfair

In other news, CEO Niraj Shah sold 10,000 shares of the company's stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $64.58, for a total value of $645,800.00. Following the completion of the transaction, the chief executive officer now owns 239,137 shares of the company's stock, valued at $15,443,467.46. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Jon Blotner sold 4,144 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $60.52, for a total value of $250,794.88. Following the sale, the insider now directly owns 37,957 shares in the company, valued at $2,297,157.64. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Niraj Shah sold 10,000 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $64.58, for a total value of $645,800.00. Following the completion of the transaction, the chief executive officer now directly owns 239,137 shares in the company, valued at approximately $15,443,467.46. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 65,680 shares of company stock worth $4,164,783. 26.81% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on W. TD Cowen increased their price objective on Wayfair from $55.00 to $58.00 and gave the stock a "hold" rating in a research report on Friday, May 3rd. Wedbush restated an "outperform" rating and issued a $70.00 price target on shares of Wayfair in a research report on Friday, May 3rd. Needham & Company LLC reaffirmed a "buy" rating and issued a $75.00 price objective on shares of Wayfair in a research note on Thursday, May 16th. Piper Sandler reissued an "overweight" rating and set a $91.00 price target (up from $88.00) on shares of Wayfair in a research note on Friday, May 3rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Wayfair from $63.00 to $79.00 and gave the company a "buy" rating in a research note on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $78.50.

Wayfair Price Performance

Shares of NYSE:W traded up $0.43 on Wednesday, hitting $50.23. The company's stock had a trading volume of 2,916,164 shares, compared to its average volume of 4,288,691. The company has a market capitalization of $6.05 billion, a PE ratio of -9.37 and a beta of 3.39. Wayfair Inc. has a 1 year low of $38.37 and a 1 year high of $90.71. The company has a 50-day simple moving average of $58.96 and a 200 day simple moving average of $58.56.

Wayfair (NYSE:W - Get Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The company reported ($1.38) EPS for the quarter, topping analysts' consensus estimates of ($1.49) by $0.11. The company had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.64 billion. On average, equities research analysts expect that Wayfair Inc. will post -2.94 earnings per share for the current fiscal year.

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.