Advisory Services Network LLC Buys Shares of 3,250 Wayfair Inc. (NYSE:W)

Advisory Services Network LLC bought a new stake in Wayfair Inc. (NYSE:WFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,250 shares of the company’s stock, valued at approximately $201,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. McGlone Suttner Wealth Management Inc. acquired a new stake in Wayfair in the fourth quarter valued at $29,000. GAMMA Investing LLC purchased a new position in shares of Wayfair in the fourth quarter valued at $31,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Wayfair in the third quarter valued at $34,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Wayfair in the fourth quarter valued at $74,000. Finally, Magnus Financial Group LLC purchased a new position in shares of Wayfair in the fourth quarter valued at $200,000. Institutional investors and hedge funds own 89.67% of the company’s stock.

Insider Buying and Selling

In other Wayfair news, insider Steven Conine sold 10,000 shares of the company’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 transaction, the insider now directly owns 229,073 shares of the company’s stock, valued at approximately $15,636,522.98. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Wayfair news, insider Steven Conine sold 10,000 shares of the company’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 transaction, the insider now directly owns 229,073 shares of the company’s stock, valued at approximately $15,636,522.98. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jon Blotner sold 4,144 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $60.52, for a total value of $250,794.88. Following the completion of the transaction, the insider now directly owns 37,957 shares in the company, valued at $2,297,157.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 56,664 shares of company stock valued at $3,656,493. Corporate insiders own 26.81% of the company’s stock.

Wayfair Price Performance

Wayfair stock opened at $58.77 on Thursday. The stock’s 50 day moving average price is $61.48 and its 200 day moving average price is $58.50. Wayfair Inc. has a one year low of $38.37 and a one year high of $90.71.

Wayfair (NYSE:WGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The company reported ($1.38) EPS for the quarter, topping the consensus estimate of ($1.49) by $0.11. The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.64 billion. As a group, research analysts predict that Wayfair Inc. will post -3.03 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised their price target on Wayfair from $63.00 to $79.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Piper Sandler reiterated an “overweight” rating and set a $91.00 price objective (up previously from $88.00) on shares of Wayfair in a research report on Friday, May 3rd. Needham & Company LLC reiterated a “buy” rating and set a $75.00 price objective on shares of Wayfair in a research report on Thursday, May 16th. TD Cowen lifted their price objective on Wayfair from $55.00 to $58.00 and gave the stock a “hold” rating in a research report on Friday, May 3rd. Finally, Citigroup lifted their price objective on Wayfair from $73.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Ten investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $77.83.

Check Out Our Latest Research Report on Wayfair

Wayfair Profile

(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.

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Institutional Ownership by Quarter for Wayfair (NYSE:W)

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