Handelsbanken Fonder AB Has $1.06 Million Stock Position in Wayfair Inc. (NYSE:W)

Handelsbanken Fonder AB lifted its holdings in Wayfair Inc. (NYSE:W) by 5.6% in the 4th quarter, Holdings Channel reports. The firm owned 17,100 shares of the company’s stock after buying an additional 900 shares during the quarter. Handelsbanken Fonder AB’s holdings in Wayfair were worth $1,055,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Signaturefd LLC lifted its holdings in Wayfair by 9.0% in the 4th quarter. Signaturefd LLC now owns 203,775 shares of the company’s stock worth $12,573,000 after purchasing an additional 16,905 shares during the last quarter. Flynn Zito Capital Management LLC acquired a new stake in shares of Wayfair in the fourth quarter worth $249,000. Daiwa Securities Group Inc. boosted its holdings in shares of Wayfair by 243.8% during the 4th quarter. Daiwa Securities Group Inc. now owns 7,714 shares of the company’s stock worth $476,000 after buying an additional 5,470 shares during the period. Rothschild & Co Wealth Management UK Ltd boosted its holdings in shares of Wayfair by 5.2% during the 4th quarter. Rothschild & Co Wealth Management UK Ltd now owns 207,533 shares of the company’s stock worth $12,805,000 after buying an additional 10,266 shares during the period. Finally, Ingalls & Snyder LLC raised its holdings in Wayfair by 0.6% in the 4th quarter. Ingalls & Snyder LLC now owns 96,164 shares of the company’s stock worth $5,933,000 after acquiring an additional 535 shares during the period. 89.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

W has been the subject of several recent analyst reports. Barclays decreased their target price on Wayfair from $85.00 to $60.00 and set an “equal weight” rating for the company in a research note on Thursday, January 4th. Evercore ISI upgraded shares of Wayfair from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $65.00 to $80.00 in a research note on Thursday, April 4th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Wayfair from $63.00 to $79.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Canaccord Genuity Group restated a “buy” rating and issued a $80.00 price target on shares of Wayfair in a research report on Friday, February 23rd. Finally, Wedbush restated an “outperform” rating and set a $70.00 price objective on shares of Wayfair in a report on Monday, April 22nd. 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 company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $76.21.

Wayfair Trading Up 2.1 %

Shares of Wayfair stock opened at $52.01 on Monday. Wayfair Inc. has a 12-month low of $29.51 and a 12-month high of $90.71. The company has a 50-day simple moving average of $59.59 and a 200 day simple moving average of $55.03.

Wayfair (NYSE:W) last posted 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 analyst estimates of $3.10 billion. On average, analysts predict that Wayfair Inc. will post -3.37 EPS for the current year.

Insider Buying and Selling

In other Wayfair news, COO Thomas Netzer sold 20,000 shares of Wayfair stock in a transaction on 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 transaction, the chief operating officer now owns 116,622 shares in the company, valued at approximately $6,964,665.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO Kate Gulliver sold 3,395 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $65.04, for a total transaction of $220,810.80. Following the transaction, the chief financial officer now directly owns 82,560 shares in the company, valued at $5,369,702.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Thomas Netzer sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $59.72, for a total transaction of $1,194,400.00. Following the completion of the sale, the chief operating officer now directly owns 116,622 shares of the company’s stock, valued at approximately $6,964,665.84. The disclosure for this sale can be found here. Insiders have sold a total of 89,808 shares of company stock worth $5,445,222 in the last three months. Insiders own 23.50% of the company’s stock.

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.