Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in Wayfair Inc. (NYSE:W – Free Report) by 105.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 36,757 shares of the company’s stock after acquiring an additional 18,872 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Wayfair were worth $1,270,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. WealthPlan Investment Management LLC bought a new stake in Wayfair during the first quarter worth $79,000. Illinois Municipal Retirement Fund bought a new stake in shares of Wayfair in the 1st quarter valued at about $372,000. Howland Capital Management LLC lifted its stake in Wayfair by 8.0% in the 1st quarter. Howland Capital Management LLC now owns 55,983 shares of the company’s stock valued at $1,922,000 after purchasing an additional 4,159 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Wayfair by 24.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,967 shares of the company’s stock worth $1,853,000 after purchasing an additional 10,741 shares during the period. Finally, Triatomic Management LP increased its position in Wayfair by 22.0% during the first quarter. Triatomic Management LP now owns 30,860 shares of the company’s stock worth $1,060,000 after buying an additional 5,560 shares during the last quarter. Institutional investors and hedge funds own 87.35% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on W shares. Truist Financial lifted their target price on Wayfair from $56.00 to $96.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Stephens upgraded shares of Wayfair from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $34.00 to $105.00 in a research note on Thursday, August 3rd. StockNews.com upgraded shares of Wayfair from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. TD Cowen boosted their price objective on Wayfair from $60.00 to $78.00 and gave the stock a “market perform” rating in a report on Friday, August 4th. Finally, Moffett Nathanson upgraded Wayfair from an “underperform” rating to a “market perform” rating and set a $44.00 target price on the stock in a research note on Friday, June 23rd. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $81.44.
Insider Buying and Selling
In other news, insider Steve Oblak sold 24,653 shares of the stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $39.54, for a total value of $974,779.62. Following the completion of the transaction, the insider now directly owns 219,548 shares in the company, valued at approximately $8,680,927.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Steve Oblak sold 24,653 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $39.54, for a total value of $974,779.62. Following the completion of the transaction, the insider now owns 219,548 shares of the company’s stock, valued at $8,680,927.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Thomas Netzer sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $85.00, for a total transaction of $425,000.00. Following the completion of the transaction, the chief operating officer now owns 104,379 shares of the company’s stock, valued at approximately $8,872,215. The disclosure for this sale can be found here. Insiders sold a total of 127,489 shares of company stock worth $7,540,837 in the last three months. 26.81% of the stock is owned by corporate insiders.
Wayfair Price Performance
W stock opened at $78.41 on Tuesday. The firm has a 50-day moving average price of $65.81 and a 200-day moving average price of $49.42. Wayfair Inc. has a 12 month low of $28.11 and a 12 month high of $90.71.
Wayfair Profile
Wayfair Inc engages in the e-commerce business in the United States and internationally. The company provides approximately fourty million products for the home sector under various brands. It offers online selections of furniture, décor, housewares, and home improvement products through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, Perigold, and Wayfair Professional.
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