Daiwa Securities Group Inc. Purchases 9,108 Shares of Wayfair Inc. (NYSE:W)

Daiwa Securities Group Inc. boosted its holdings in shares of Wayfair Inc. (NYSE:WFree Report) by 118.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,822 shares of the company’s stock after buying an additional 9,108 shares during the period. Daiwa Securities Group Inc.’s holdings in Wayfair were worth $1,141,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC raised its holdings in shares of Wayfair by 31.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 398,795 shares of the company’s stock valued at $24,606,000 after buying an additional 94,540 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Wayfair by 5.2% during the third quarter. Vanguard Group Inc. now owns 7,830,300 shares of the company’s stock worth $474,281,000 after acquiring an additional 386,717 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Wayfair by 250.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 167,170 shares of the company’s stock worth $11,347,000 after acquiring an additional 119,415 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Wayfair by 8,977.8% in the 4th quarter. International Assets Investment Management LLC now owns 67,993 shares of the company’s stock worth $4,195,000 after acquiring an additional 67,244 shares during the last quarter. Finally, Honeycomb Asset Management LP bought a new stake in shares of Wayfair in the fourth quarter worth about $6,170,000. Institutional investors own 89.67% of the company’s stock.

Wayfair Trading Up 1.1 %

Shares of NYSE:W opened at $53.42 on Thursday. The stock has a 50 day moving average of $58.80 and a 200 day moving average of $57.85. The company has a market cap of $6.43 billion, a PE ratio of -9.97 and a beta of 3.43. Wayfair Inc. has a 12-month low of $38.37 and a 12-month high of $90.71.

Wayfair (NYSE:WGet Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The company reported ($1.38) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.49) by $0.11. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.64 billion. Equities research analysts predict that Wayfair Inc. will post -2.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CTO Fiona Tan sold 8,036 shares of the stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $50.64, for a total transaction of $406,943.04. Following the completion of the sale, the chief technology officer now owns 64,074 shares in the company, valued at $3,244,707.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CTO Fiona Tan sold 8,036 shares of Wayfair stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $50.64, for a total value of $406,943.04. Following the sale, the chief technology officer now directly owns 64,074 shares of the company’s stock, valued at $3,244,707.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Niraj Shah sold 10,000 shares of the stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $52.62, for a total value of $526,200.00. Following the transaction, the chief executive officer now directly owns 209,137 shares of the company’s stock, valued at $11,004,788.94. The disclosure for this sale can be found here. In the last quarter, insiders sold 59,779 shares of company stock worth $3,331,694. Corporate insiders own 23.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on W shares. Wedbush reiterated an “outperform” rating and issued a $70.00 price objective on shares of Wayfair in a report on Friday, May 3rd. Morgan Stanley lifted their price target on shares of Wayfair from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Monday, May 13th. Truist Financial upped their price objective on shares of Wayfair from $63.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Argus upgraded shares of Wayfair from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research report on Thursday, May 16th. Finally, 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 report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $78.50.

Get Our Latest Stock Analysis on W

Wayfair Company 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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