Swiss National Bank Has $5.77 Million Stock Position in Wayfair Inc. (NYSE:W)

Swiss National Bank cut its holdings in shares of Wayfair Inc. (NYSE:W – Get Rating) by 46.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 175,400 shares of the company’s stock after selling 151,177 shares during the period. Swiss National Bank owned 0.16% of Wayfair worth $5,769,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Parallel Advisors LLC lifted its stake in Wayfair by 132.4% in the fourth quarter. Parallel Advisors LLC now owns 853 shares of the company’s stock valued at $28,000 after buying an additional 486 shares during the period. Captrust Financial Advisors raised its position in shares of Wayfair by 24.1% in the 2nd quarter. Captrust Financial Advisors now owns 968 shares of the company’s stock valued at $42,000 after acquiring an additional 188 shares during the period. Yarbrough Capital LLC bought a new position in Wayfair during the 4th quarter worth approximately $43,000. Canada Pension Plan Investment Board acquired a new position in Wayfair during the third quarter valued at approximately $59,000. Finally, CWM LLC increased its stake in Wayfair by 102.1% in the fourth quarter. CWM LLC now owns 1,991 shares of the company’s stock valued at $65,000 after purchasing an additional 1,006 shares in the last quarter. Institutional investors own 90.61% of the company’s stock.

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Wall Street Analyst Weigh In

W has been the topic of a number of recent analyst reports. Barclays reduced their price target on shares of Wayfair from $70.00 to $40.00 in a research report on Monday, February 27th. Piper Sandler dropped their price target on Wayfair from $42.00 to $35.00 in a research report on Wednesday, April 26th. Loop Capital decreased their price objective on Wayfair from $30.00 to $25.00 in a research report on Friday, May 5th. Oppenheimer lowered their target price on Wayfair from $110.00 to $70.00 and set an “outperform” rating for the company in a research note on Monday, January 23rd. Finally, Robert W. Baird cut their price target on shares of Wayfair from $52.00 to $40.00 and set a “neutral” rating on the stock in a research note on Friday, February 24th. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Wayfair currently has a consensus rating of “Hold” and a consensus target price of $48.43.

Insider Transactions at Wayfair

In related news, COO Thomas Netzer sold 2,913 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $30.96, for a total value of $90,186.48. Following the transaction, the chief operating officer now owns 96,919 shares in the company, valued at $3,000,612.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Wayfair news, COO Thomas Netzer sold 2,913 shares of the company’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $30.96, for a total transaction of $90,186.48. Following the completion of the sale, the chief operating officer now directly owns 96,919 shares in the company, valued at $3,000,612.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kate Gulliver sold 1,442 shares of the firm’s stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $38.61, for a total value of $55,675.62. Following the completion of the sale, the chief financial officer now directly owns 24,269 shares in the company, valued at approximately $937,026.09. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,677 shares of company stock valued at $1,385,880. 26.81% of the stock is currently owned by company insiders.

Wayfair Trading Up 4.4 %

Shares of NYSE W opened at $37.14 on Thursday. The business’s 50 day moving average is $34.71 and its 200-day moving average is $39.52. Wayfair Inc. has a 1-year low of $28.11 and a 1-year high of $76.35.

Wayfair (NYSE:W – Get Rating) last released its quarterly earnings results on Thursday, May 4th. The company reported ($2.50) EPS for the quarter, beating the consensus estimate of ($3.14) by $0.64. The business had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.74 billion. On average, sell-side analysts forecast that Wayfair Inc. will post -9.18 earnings per share for the current fiscal year.

About Wayfair

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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.

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