Vanguard Group Inc. increased its position in shares of Wayfair Inc. (NYSE:W - Free Report) by 3.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,315,337 shares of the company's stock after buying an additional 327,603 shares during the quarter. Vanguard Group Inc. owned about 7.43% of Wayfair worth $412,856,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in W. Tabor Asset Management LP raised its holdings in shares of Wayfair by 11.3% in the 3rd quarter. Tabor Asset Management LP now owns 156,871 shares of the company's stock worth $8,813,000 after acquiring an additional 15,932 shares during the last quarter. Groupama Asset Managment raised its stake in shares of Wayfair by 100.0% in the third quarter. Groupama Asset Managment now owns 1,000,000 shares of the company's stock worth $56,180,000 after purchasing an additional 500,000 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Wayfair in the fourth quarter valued at approximately $6,799,000. Wellington Management Group LLP boosted its position in shares of Wayfair by 22.4% during the third quarter. Wellington Management Group LLP now owns 1,097,822 shares of the company's stock valued at $61,676,000 after buying an additional 201,157 shares during the last quarter. Finally, Cerity Partners LLC bought a new stake in Wayfair during the third quarter worth $1,070,000. Institutional investors own 89.67% of the company's stock.
Wayfair Price Performance
Shares of Wayfair stock traded up $0.86 during trading hours on Friday, reaching $25.95. The company had a trading volume of 19,467,584 shares, compared to its average volume of 4,467,898. The firm has a market cap of $3.29 billion, a PE ratio of -6.46 and a beta of 3.72. Wayfair Inc. has a one year low of $20.42 and a one year high of $76.18. The business has a fifty day simple moving average of $39.95 and a 200 day simple moving average of $44.87.
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 business had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.07 billion. On average, research analysts forecast that Wayfair Inc. will post -2.54 EPS for the current year.
Insider Activity
In other Wayfair news, insider Jon Blotner sold 4,521 shares of the firm's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $46.88, for a total value of $211,944.48. Following the sale, the insider now owns 63,568 shares of the company's stock, valued at $2,980,067.84. This trade represents a 6.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Fiona Tan sold 23,835 shares of Wayfair stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $31.92, for a total transaction of $760,813.20. Following the completion of the transaction, the chief technology officer now owns 111,128 shares in the company, valued at approximately $3,547,205.76. The trade was a 17.66 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 146,388 shares of company stock worth $5,930,556. 26.81% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on W shares. JPMorgan Chase & Co. dropped their price objective on Wayfair from $63.00 to $50.00 and set an "overweight" rating on the stock in a research note on Monday, March 10th. Guggenheim restated a "buy" rating and set a $60.00 price target on shares of Wayfair in a report on Monday, March 10th. Needham & Company LLC reiterated a "buy" rating and issued a $50.00 price objective on shares of Wayfair in a research note on Friday, February 21st. Raymond James set a $60.00 target price on Wayfair and gave the stock a "strong-buy" rating in a research note on Friday, February 21st. Finally, BMO Capital Markets increased their price target on Wayfair from $50.00 to $55.00 and gave the company a "market perform" rating in a research report on Friday, February 21st. Fifteen analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $55.81.
Check Out Our Latest Analysis on W
About Wayfair
(
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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