Wayfair Inc. (NYSE:W) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its stake in Wayfair Inc. (NYSE:W) by 243.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,714 shares of the company’s stock after acquiring an additional 5,470 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Wayfair were worth $476,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. AQR Capital Management LLC grew its holdings in shares of Wayfair by 422.6% during the third quarter. AQR Capital Management LLC now owns 511,454 shares of the company’s stock valued at $30,979,000 after buying an additional 413,592 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Wayfair by 5.2% during the third quarter. Vanguard Group Inc. now owns 7,830,300 shares of the company’s stock valued at $474,281,000 after buying an additional 386,717 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Wayfair by 3,978.9% during the third quarter. Canada Pension Plan Investment Board now owns 367,100 shares of the company’s stock valued at $22,235,000 after buying an additional 358,100 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Wayfair by 88.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 634,611 shares of the company’s stock valued at $38,438,000 after buying an additional 297,235 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Wayfair by 3,144.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 304,255 shares of the company’s stock valued at $18,429,000 after purchasing an additional 294,877 shares during the last quarter. 89.67% of the stock is currently owned by institutional investors and hedge funds.

Wayfair Stock Performance

NYSE:W opened at $52.02 on Friday. The stock’s fifty day moving average price is $59.59 and its two-hundred day moving average price is $55.03. Wayfair Inc. has a 52-week low of $29.51 and a 52-week high of $90.71. The company has a market cap of $6.26 billion, a price-to-earnings ratio of -7.98 and a beta of 3.29.

Wayfair (NYSE:W) last posted its quarterly earnings results on Thursday, February 22nd. The company reported ($1.46) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.54) by $0.08. The company had revenue of $3.11 billion during the quarter, compared to analyst estimates of $3.10 billion. On average, equities analysts predict that Wayfair Inc. will post -3.37 EPS for the current fiscal year.

Insider Activity

In other news, insider Jon Blotner sold 4,144 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $60.52, for a total value of $250,794.88. Following the transaction, the insider now owns 37,957 shares of the company’s stock, valued at approximately $2,297,157.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, COO Thomas Netzer sold 20,000 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $59.72, for a total value of $1,194,400.00. Following the completion of the sale, the chief operating officer now owns 116,622 shares in the company, valued at approximately $6,964,665.84. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jon Blotner sold 4,144 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $60.52, for a total transaction of $250,794.88. Following the completion of the sale, the insider now owns 37,957 shares of the company’s stock, valued at approximately $2,297,157.64. The disclosure for this sale can be found here. Insiders have sold a total of 89,808 shares of company stock valued at $5,445,222 in the last 90 days. 26.81% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on W shares. StockNews.com raised Wayfair from a “sell” rating to a “hold” rating in a research report on Friday, March 29th. Wedbush reaffirmed an “outperform” rating and issued a $70.00 price target on shares of Wayfair in a research report on Monday, April 22nd. BMO Capital Markets assumed coverage on Wayfair in a research report on Tuesday, January 9th. They issued a “market perform” rating and a $57.00 price target for the company. Deutsche Bank Aktiengesellschaft boosted their price target on Wayfair from $63.00 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Finally, Citigroup boosted their price target on Wayfair from $73.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Ten analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $76.21.

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.