International Assets Investment Management LLC acquired a new position in Wayfair Inc. (NYSE:W – Get Rating) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 9,436 shares of the company’s stock, valued at approximately $310,000.
Other large investors also recently added to or reduced their stakes in the company. HighTower Advisors LLC boosted its stake in Wayfair by 16.9% in the 1st quarter. HighTower Advisors LLC now owns 2,360 shares of the company’s stock worth $259,000 after purchasing an additional 342 shares during the period. MetLife Investment Management LLC bought a new stake in shares of Wayfair during the 1st quarter valued at about $378,000. Panagora Asset Management Inc. boosted its position in shares of Wayfair by 42.7% during the 1st quarter. Panagora Asset Management Inc. now owns 2,204 shares of the company’s stock valued at $244,000 after acquiring an additional 659 shares during the last quarter. Vontobel Holding Ltd. boosted its position in shares of Wayfair by 51.6% during the 1st quarter. Vontobel Holding Ltd. now owns 12,740 shares of the company’s stock valued at $1,548,000 after acquiring an additional 4,338 shares during the last quarter. Finally, Aviva PLC boosted its position in shares of Wayfair by 1.5% during the 1st quarter. Aviva PLC now owns 23,470 shares of the company’s stock valued at $2,600,000 after acquiring an additional 346 shares during the last quarter. Hedge funds and other institutional investors own 90.61% of the company’s stock.
Wayfair Stock Down 0.9 %
NYSE W opened at $34.81 on Friday. The stock’s 50-day moving average price is $40.25 and its 200-day moving average price is $39.08. Wayfair Inc. has a 52 week low of $28.11 and a 52 week high of $108.02. The company has a market capitalization of $3.85 billion, a P/E ratio of -2.77 and a beta of 3.05.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the company. DA Davidson raised their price objective on Wayfair from $45.00 to $49.00 and gave the company a “buy” rating in a report on Friday, February 24th. Wells Fargo & Company dropped their price target on Wayfair from $35.00 to $30.00 and set an “underweight” rating on the stock in a research report on Thursday, January 5th. Credit Suisse Group dropped their price target on Wayfair from $124.00 to $108.00 and set an “outperform” rating on the stock in a research report on Friday, February 24th. Barclays cut their target price on Wayfair from $70.00 to $40.00 in a research note on Monday, February 27th. Finally, KeyCorp began coverage on Wayfair in a research note on Friday, January 20th. They issued a “sector weight” rating on the stock. Five analysts have rated the stock with a sell rating, fourteen have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $53.14.
Insider Buying and Selling at Wayfair
In other news, CTO Fiona Tan sold 7,375 shares of Wayfair stock in a transaction that occurred on Tuesday, April 4th. The stock was sold at an average price of $35.44, for a total value of $261,370.00. Following the completion of the transaction, the chief technology officer now owns 55,741 shares in the company, valued at approximately $1,975,461.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Kate Gulliver sold 1,244 shares of the business’s stock in a transaction on Thursday, February 2nd. The stock was sold at an average price of $69.42, for a total transaction of $86,358.48. Following the completion of the transaction, the chief financial officer now owns 22,787 shares in the company, valued at approximately $1,581,873.54. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Fiona Tan sold 7,375 shares of the business’s stock in a transaction on Tuesday, April 4th. The shares were sold at an average price of $35.44, for a total value of $261,370.00. Following the transaction, the chief technology officer now owns 55,741 shares of the company’s stock, valued at approximately $1,975,461.04. The disclosure for this sale can be found here. Insiders sold 47,755 shares of company stock worth $2,131,062 in the last quarter. 26.81% of the stock is owned by corporate insiders.
About Wayfair
Wayfair, Inc engages in an online home furnishing store. It operates through the U.S. and International segments. The U.S. segment consists of amounts earned through product sales through the company’s five distinct sites in the U.S. and through websites operated by third parties in the U.S. The International segment is composed of earnings through product sales in international sites.
Read More
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