Vanguard Group Inc. lowered its stake in shares of Wayfair Inc (NYSE:W) by 2.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,333,112 shares of the company’s stock after selling 122,439 shares during the quarter. Vanguard Group Inc. owned about 5.78% of Wayfair worth $778,634,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. FMR LLC increased its holdings in Wayfair by 2.0% in the 1st quarter. FMR LLC now owns 9,454,927 shares of the company’s stock worth $1,403,584,000 after buying an additional 184,311 shares during the period. Baillie Gifford & Co. increased its holdings in Wayfair by 14.2% in the 2nd quarter. Baillie Gifford & Co. now owns 3,992,065 shares of the company’s stock worth $582,841,000 after buying an additional 497,644 shares during the period. Janus Henderson Group PLC increased its holdings in Wayfair by 1.7% in the 2nd quarter. Janus Henderson Group PLC now owns 2,305,740 shares of the company’s stock worth $336,638,000 after buying an additional 39,445 shares during the period. FIL Ltd acquired a new position in Wayfair in the 1st quarter worth approximately $272,369,000. Finally, William Blair Investment Management LLC increased its holdings in Wayfair by 494.4% in the 1st quarter. William Blair Investment Management LLC now owns 750,968 shares of the company’s stock worth $111,481,000 after buying an additional 624,622 shares during the period. Hedge funds and other institutional investors own 75.98% of the company’s stock.
Shares of NYSE:W traded down $2.05 during midday trading on Tuesday, reaching $116.24. 1,279,134 shares of the company’s stock traded hands, compared to its average volume of 1,861,602. Wayfair Inc has a 1 year low of $76.60 and a 1 year high of $173.72. The company has a market cap of $11.33 billion, a P/E ratio of -20.72 and a beta of 1.93. The company has a fifty day simple moving average of $119.26 and a two-hundred day simple moving average of $142.56.
Several equities analysts recently weighed in on the stock. Berenberg Bank assumed coverage on shares of Wayfair in a report on Friday. They issued a “sell” rating and a $100.00 price target on the stock. Needham & Company LLC assumed coverage on shares of Wayfair in a report on Monday, July 1st. They issued a “buy” rating and a $175.00 price target on the stock. Stifel Nicolaus upgraded shares of Wayfair from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a report on Wednesday, August 21st. Credit Suisse Group cut their price target on shares of Wayfair from $195.00 to $165.00 and set an “outperform” rating on the stock in a report on Tuesday, July 30th. Finally, Piper Jaffray Companies set a $175.00 price objective on shares of Wayfair and gave the stock a “buy” rating in a research note on Friday, July 19th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and fifteen have assigned a buy rating to the company. Wayfair presently has an average rating of “Buy” and an average price target of $154.75.
In other Wayfair news, Director Michael Andrew Kumin bought 21,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were purchased at an average price of $109.85 per share, for a total transaction of $2,306,850.00. Following the transaction, the director now directly owns 195,228 shares of the company’s stock, valued at approximately $21,445,795.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Thomas Netzer sold 2,946 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $126.96, for a total value of $374,024.16. Following the transaction, the chief operating officer now owns 18,255 shares in the company, valued at approximately $2,317,654.80. The disclosure for this sale can be found here. Insiders have sold a total of 33,260 shares of company stock worth $4,561,460 in the last quarter. Insiders own 33.86% of the company’s stock.
Wayfair Company Profile
Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. It provides approximately 14 million products for the home sector under various brands. The company offers selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold.
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