International Assets Investment Management LLC Acquires 67,244 Shares of Wayfair Inc. (NYSE:W)

International Assets Investment Management LLC increased its holdings in Wayfair Inc. (NYSE:W) by 8,977.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,993 shares of the company’s stock after purchasing an additional 67,244 shares during the period. International Assets Investment Management LLC’s holdings in Wayfair were worth $4,195,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Captrust Financial Advisors lifted its position in Wayfair by 24.1% during 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 last quarter. IFP Advisors Inc lifted its position in Wayfair by 7.9% during the 2nd quarter. IFP Advisors Inc now owns 2,842 shares of the company’s stock worth $185,000 after acquiring an additional 208 shares during the last quarter. M&T Bank Corp raised its position in shares of Wayfair by 4.3% during the third 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 raised its position 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 buying an additional 276 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. raised its position in shares of Wayfair by 5.0% during the first quarter. Candriam Luxembourg S.C.A. now owns 5,854 shares of the company’s stock valued at $648,000 after buying an additional 281 shares during the last quarter. 89.67% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, COO Thomas Netzer sold 984 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $60.58, for a total transaction of $59,610.72. Following the sale, the chief operating officer now directly owns 117,841 shares of the company’s stock, valued at $7,138,807.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, COO Thomas Netzer sold 984 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $60.58, for a total transaction of $59,610.72. Following the sale, the chief operating officer now directly owns 117,841 shares of the company’s stock, valued at $7,138,807.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Niraj Shah sold 1,700 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $52.02, for a total transaction of $88,434.00. Following the sale, the chief executive officer now directly owns 267,437 shares in the company, valued at $13,912,072.74. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 85,664 shares of company stock valued at $5,194,427. 26.81% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

W has been the subject of a number of research analyst reports. Piper Sandler reaffirmed an “overweight” rating and set a $88.00 price objective (down previously from $93.00) on shares of Wayfair in a research report on Friday, February 23rd. Barclays cut their price objective on shares of Wayfair from $85.00 to $60.00 and set an “equal weight” rating for the company in a research report on Thursday, January 4th. BMO Capital Markets initiated coverage on shares of Wayfair in a research report on Tuesday, January 9th. They set a “market perform” rating and a $57.00 price objective for the company. Stifel Nicolaus upped their price objective on shares of Wayfair from $52.00 to $55.00 and gave the company a “hold” rating in a research report on Tuesday, January 9th. Finally, Evercore ISI raised shares of Wayfair from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $65.00 to $80.00 in a research report on Thursday, April 4th. Ten investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $77.03.

Wayfair Trading Down 1.9 %

Shares of Wayfair stock opened at $55.34 on Wednesday. The stock has a market capitalization of $6.66 billion, a price-to-earnings ratio of -8.49 and a beta of 3.29. Wayfair Inc. has a 1-year low of $29.51 and a 1-year high of $90.71. The firm’s 50-day moving average price is $59.25 and its two-hundred day moving average price is $55.18.

Wayfair (NYSE:W) last issued its quarterly earnings data on Thursday, February 22nd. The company reported ($1.46) earnings per share for the quarter, topping the consensus estimate of ($1.54) by $0.08. The firm had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.10 billion. As a group, equities research analysts predict that Wayfair Inc. will post -3.37 EPS for the current year.

About Wayfair

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.