Wayfair Inc. (NYSE:W) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. raised its holdings in Wayfair Inc. (NYSE:W) by 11,900.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,000 shares of the company’s stock after purchasing an additional 2,975 shares during the period. Blue Trust Inc.’s holdings in Wayfair were worth $133,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its stake in Wayfair by 2.4% during the third quarter. Geode Capital Management LLC now owns 1,524,854 shares of the company’s stock valued at $85,690,000 after buying an additional 35,268 shares in the last quarter. Southpoint Capital Advisors LP acquired a new stake in shares of Wayfair during the 3rd quarter worth approximately $78,652,000. Holocene Advisors LP raised its position in shares of Wayfair by 5,699.8% during the 3rd quarter. Holocene Advisors LP now owns 1,235,193 shares of the company’s stock worth $69,393,000 after purchasing an additional 1,213,896 shares during the period. Wellington Management Group LLP raised its position in shares of Wayfair by 22.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,097,822 shares of the company’s stock worth $61,676,000 after purchasing an additional 201,157 shares during the period. Finally, Groupama Asset Managment raised its position in shares of Wayfair by 100.0% during the 3rd 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 period. 89.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Wayfair news, COO Thomas Netzer sold 1,039 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $50.65, for a total transaction of $52,625.35. Following the sale, the chief operating officer now directly owns 171,790 shares in the company, valued at approximately $8,701,163.50. This trade represents a 0.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jon Blotner sold 5,669 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $42.83, for a total transaction of $242,803.27. Following the sale, the insider now owns 57,899 shares in the company, valued at approximately $2,479,814.17. The trade was a 8.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 164,228 shares of company stock valued at $7,830,018. 26.81% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on W. BMO Capital Markets raised their price target on shares of Wayfair from $50.00 to $55.00 and gave the company a “market perform” rating in a research note on Friday. Truist Financial lowered their target price on Wayfair from $55.00 to $53.00 and set a “buy” rating on the stock in a report on Friday. Bank of America dropped their price target on Wayfair from $52.00 to $50.00 and set a “neutral” rating on the stock in a research note on Friday. Citigroup lowered their price objective on shares of Wayfair from $70.00 to $54.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Finally, Robert W. Baird lowered their price objective on shares of Wayfair from $56.00 to $50.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. Fourteen research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $58.80.

Wayfair Trading Down 9.0 %

Shares of W stock opened at $41.92 on Friday. Wayfair Inc. has a 1 year low of $37.35 and a 1 year high of $76.18. The firm has a market capitalization of $5.25 billion, a price-to-earnings ratio of -9.34 and a beta of 3.43. The firm’s 50 day moving average is $46.42 and its 200-day moving average is $46.50.

Wayfair (NYSE:W) last released its earnings results on Thursday, February 20th. The company reported ($0.96) earnings per share 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 analysts’ expectations of $3.07 billion. On average, equities research analysts forecast that Wayfair Inc. will post -2.89 earnings per share for the current fiscal year.

Wayfair 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.