Wayfair Inc. (NYSE:W) Shares Purchased by Northern Trust Corp

Northern Trust Corp lifted its stake in Wayfair Inc. (NYSE:W) by 11.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 463,457 shares of the company’s stock after acquiring an additional 47,326 shares during the period. Northern Trust Corp’s holdings in Wayfair were worth $20,540,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in W. J.Safra Asset Management Corp grew its holdings in Wayfair by 71.3% during the fourth quarter. J.Safra Asset Management Corp now owns 586 shares of the company’s stock worth $26,000 after acquiring an additional 244 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Wayfair by 577.0% in the 4th quarter. Jones Financial Companies Lllp now owns 589 shares of the company’s stock worth $26,000 after purchasing an additional 502 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Wayfair by 65.5% in the 4th quarter. GAMMA Investing LLC now owns 710 shares of the company’s stock worth $31,000 after purchasing an additional 281 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Wayfair in the 4th quarter worth approximately $41,000. Finally, Venturi Wealth Management LLC acquired a new stake in Wayfair during the fourth quarter valued at approximately $45,000. 89.67% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CTO Fiona Tan sold 23,835 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $31.92, for a total transaction of $760,813.20. Following the transaction, the chief technology officer now owns 111,128 shares in the company, valued at approximately $3,547,205.76. This trade represents a 17.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kate Gulliver sold 19,296 shares of the company’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $31.67, for a total transaction of $611,104.32. Following the completion of the sale, the chief financial officer now owns 144,474 shares of the company’s stock, valued at $4,575,491.58. This represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 92,915 shares of company stock valued at $3,389,028 in the last three months. Insiders own 21.91% of the company’s stock.

Wayfair Stock Performance

Wayfair stock opened at $38.97 on Wednesday. The firm’s 50 day moving average price is $30.86 and its two-hundred day moving average price is $40.06. The firm has a market cap of $4.95 billion, a PE ratio of -9.69 and a beta of 2.93. Wayfair Inc. has a twelve month low of $20.41 and a twelve month high of $74.49.

Wayfair (NYSE:W) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.24. The firm had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Wayfair’s revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.32) earnings per share. Equities analysts anticipate that Wayfair Inc. will post -2.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $25.00 target price on shares of Wayfair in a report on Friday, April 25th. Wedbush raised Wayfair to a “hold” rating in a research note on Thursday, May 1st. The Goldman Sachs Group decreased their target price on Wayfair from $50.00 to $31.00 and set a “neutral” rating on the stock in a report on Tuesday, April 22nd. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 target price on shares of Wayfair in a report on Thursday, May 1st. Finally, Citigroup increased their price target on Wayfair from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Friday, May 2nd. Thirteen analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $44.57.

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.