Wayfair Inc. (NYSE:W) Stock Holdings Boosted by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its position in Wayfair Inc. (NYSE:W) by 8,977.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 67,993 shares of the company’s stock after buying 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 institutional investors have also modified their holdings of the company. Commonwealth Equity Services LLC lifted its position in shares of Wayfair by 5.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 10,274 shares of the company’s stock valued at $622,000 after acquiring an additional 537 shares during the last quarter. Raymond James & Associates boosted its position in shares of Wayfair by 9.3% in the 3rd quarter. Raymond James & Associates now owns 5,730 shares of the company’s stock valued at $347,000 after purchasing an additional 486 shares during the period. Bank of New York Mellon Corp increased its stake in Wayfair by 2.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 273,523 shares of the company’s stock worth $16,567,000 after purchasing an additional 7,719 shares in the last quarter. ING Groep NV purchased a new stake in Wayfair during the third quarter valued at about $4,016,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Wayfair by 3,144.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 304,255 shares of the company’s stock worth $18,429,000 after buying an additional 294,877 shares during the period. Institutional investors and hedge funds own 89.67% of the company’s stock.

Wayfair Stock Performance

Shares of W stock opened at $68.21 on Thursday. The company has a market capitalization of $8.21 billion, a price-to-earnings ratio of -12.73 and a beta of 3.32. The stock’s 50 day simple moving average is $60.70 and its 200 day simple moving average is $55.73. Wayfair Inc. has a twelve month low of $33.85 and a twelve month high of $90.71.

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 analysts’ consensus estimates of ($1.54) by $0.08. The firm had revenue of $3.11 billion during the quarter, compared to analyst estimates of $3.10 billion. On average, analysts forecast that Wayfair Inc. will post -3.37 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on W shares. Truist Financial boosted their price target on shares of Wayfair from $63.00 to $70.00 and gave the company a “buy” rating in a report on Friday, May 3rd. StockNews.com cut Wayfair from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. Loop Capital upped their price target on Wayfair from $55.00 to $65.00 and gave the company a “hold” rating in a research report on Tuesday, April 2nd. Canaccord Genuity Group restated a “buy” rating and set a $80.00 price objective on shares of Wayfair in a research report on Friday, February 23rd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $75.00 target price on shares of Wayfair in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.29.

Insiders Place Their Bets

In other Wayfair news, insider Steven Conine sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $68.26, for a total value of $682,600.00. Following the sale, the insider now owns 229,073 shares of the company’s stock, valued at approximately $15,636,522.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Steven Conine sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $68.26, for a total transaction of $682,600.00. Following the transaction, the insider now owns 229,073 shares in the company, valued at approximately $15,636,522.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jon Blotner sold 3,282 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $63.10, for a total transaction of $207,094.20. Following the completion of the sale, the insider now owns 48,322 shares of the company’s stock, valued at approximately $3,049,118.20. The disclosure for this sale can be found here. Insiders sold a total of 94,964 shares of company stock valued at $5,884,066 in the last quarter. Insiders own 23.50% of the company’s stock.

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.