Wayfair Inc. $W Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its holdings in Wayfair Inc. (NYSE:W) by 0.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,012,048 shares of the company’s stock after purchasing an additional 2,736 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.80% of Wayfair worth $32,416,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC boosted its stake in shares of Wayfair by 5,850.4% in the first quarter. GAMMA Investing LLC now owns 42,248 shares of the company’s stock worth $1,319,000 after buying an additional 41,538 shares during the last quarter. SG Americas Securities LLC boosted its position in Wayfair by 74.4% in the 1st quarter. SG Americas Securities LLC now owns 21,963 shares of the company’s stock worth $703,000 after purchasing an additional 9,372 shares in the last quarter. Northern Trust Corp grew its stake in shares of Wayfair by 11.4% during the 4th quarter. Northern Trust Corp now owns 463,457 shares of the company’s stock worth $20,540,000 after purchasing an additional 47,326 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Wayfair during the 4th quarter worth approximately $4,262,000. Finally, Ameritas Advisory Services LLC increased its holdings in shares of Wayfair by 304.3% during the 1st quarter. Ameritas Advisory Services LLC now owns 20,916 shares of the company’s stock valued at $672,000 after purchasing an additional 15,742 shares in the last quarter. Hedge funds and other institutional investors own 89.67% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on W shares. BMO Capital Markets reissued a “market perform” rating and set a $68.00 price target (up from $38.00) on shares of Wayfair in a report on Tuesday, August 5th. Raymond James Financial reiterated a “strong-buy” rating on shares of Wayfair in a research report on Tuesday, August 5th. Bank of America upped their price target on Wayfair from $36.00 to $43.00 and gave the stock a “neutral” rating in a report on Wednesday, May 14th. Argus raised Wayfair from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Monday, May 12th. Finally, Wall Street Zen raised Wayfair from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $65.96.

Insider Transactions at Wayfair

In related news, insider Steven Conine sold 199,473 shares of the company’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $78.40, for a total transaction of $15,638,683.20. Following the completion of the sale, the insider directly owned 544,073 shares of the company’s stock, valued at approximately $42,655,323.20. This represents a 26.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Niraj Shah sold 199,422 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $78.40, for a total value of $15,634,684.80. Following the completion of the sale, the chief executive officer owned 544,137 shares of the company’s stock, valued at approximately $42,660,340.80. This represents a 26.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,215,789 shares of company stock worth $73,975,995. 21.91% of the stock is currently owned by company insiders.

Wayfair Price Performance

Shares of NYSE:W opened at $78.9750 on Wednesday. The firm has a market capitalization of $10.24 billion, a price-to-earnings ratio of -32.91 and a beta of 2.92. Wayfair Inc. has a 12 month low of $20.41 and a 12 month high of $81.94. The business’s 50 day simple moving average is $60.42 and its 200-day simple moving average is $44.62.

Wayfair (NYSE:W) last announced its earnings results on Monday, August 4th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.54. The company had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.11 billion. Wayfair’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.47 EPS. On average, equities analysts anticipate that Wayfair Inc. will post -2.54 earnings per share for the current year.

Wayfair Company 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.