McGlone Suttner Wealth Management Inc. Invests $29,000 in Wayfair Inc. (NYSE:W)

McGlone Suttner Wealth Management Inc. bought a new position in shares of Wayfair Inc. (NYSE:WFree Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 464 shares of the company’s stock, valued at approximately $29,000.

A number of other institutional investors have also modified their holdings of W. Captrust Financial Advisors boosted its holdings in Wayfair by 24.1% in the 2nd quarter. Captrust Financial Advisors now owns 968 shares of the company’s stock worth $42,000 after acquiring an additional 188 shares during the period. IFP Advisors Inc boosted its stake in shares of Wayfair by 7.9% during the 2nd quarter. IFP Advisors Inc now owns 2,842 shares of the company’s stock valued at $185,000 after buying an additional 208 shares during the last quarter. M&T Bank Corp boosted its stake in shares of Wayfair by 4.3% during the 3rd quarter. M&T Bank Corp now owns 5,262 shares of the company’s stock valued at $318,000 after buying an additional 219 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Wayfair by 4.3% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 6,749 shares of the company’s stock valued at $409,000 after purchasing an additional 276 shares during the period. Finally, Candriam Luxembourg S.C.A. increased its stake in Wayfair by 5.0% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 5,854 shares of the company’s stock worth $648,000 after purchasing an additional 281 shares in the last quarter. Hedge funds and other institutional investors own 89.67% of the company’s stock.

Wayfair Stock Up 0.4 %

Shares of W opened at $67.88 on Monday. Wayfair Inc. has a 12-month low of $29.51 and a 12-month high of $90.71. The firm has a market capitalization of $8.17 billion, a PE ratio of -10.41 and a beta of 3.27. The stock’s fifty day simple moving average is $57.17 and its 200-day simple moving average is $55.19.

Wayfair (NYSE:WGet Free Report) last released its quarterly earnings data on Thursday, February 22nd. The company reported ($1.46) EPS 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 the consensus estimate of $3.10 billion. Analysts anticipate that Wayfair Inc. will post -3.39 EPS for the current year.

Wall Street Analyst Weigh In

W has been the subject of a number of research reports. Mizuho initiated coverage on Wayfair in a research report on Tuesday, March 19th. They set a “buy” rating and a $72.00 price objective for the company. Wedbush restated an “outperform” rating and issued a $70.00 target price on shares of Wayfair in a report on Friday, February 23rd. BMO Capital Markets initiated coverage on Wayfair in a report on Tuesday, January 9th. They issued a “market perform” rating and a $57.00 target price for the company. Needham & Company LLC reiterated a “buy” rating and issued a $75.00 price target on shares of Wayfair in a research report on Thursday, February 22nd. Finally, Truist Financial lowered their price target on Wayfair from $65.00 to $63.00 and set a “buy” rating on the stock in a research report on Friday, February 23rd. Eleven equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $75.00.

Check Out Our Latest Analysis on W

Insider Activity at Wayfair

In other Wayfair news, COO Thomas Netzer sold 20,000 shares of the stock in a transaction dated Friday, March 1st. The stock was 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 directly owns 116,622 shares in the company, valued at $6,964,665.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Wayfair news, COO Thomas Netzer sold 20,000 shares of the stock in a transaction dated Friday, March 1st. The stock was 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 directly owns 116,622 shares in the company, valued at $6,964,665.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Niraj Shah sold 10,000 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $59.90, for a total value of $599,000.00. Following the transaction, the chief executive officer now owns 249,137 shares of the company’s stock, valued at $14,923,306.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 81,300 shares of company stock worth $4,591,396. 26.81% of the stock is owned by insiders.

About Wayfair

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Wayfair (NYSE:W)

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