Wayfair Inc. (NYSE:W) Shares Acquired by WealthPlan Investment Management LLC

WealthPlan Investment Management LLC raised its holdings in Wayfair Inc. (NYSE:W) by 5.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,097 shares of the company’s stock after purchasing an additional 271 shares during the quarter. WealthPlan Investment Management LLC’s holdings in Wayfair were worth $346,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Riverview Trust Co acquired a new position in Wayfair in the first quarter valued at about $27,000. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Wayfair in the 4th quarter valued at $29,000. GAMMA Investing LLC acquired a new stake in Wayfair in the fourth quarter valued at $31,000. ORG Partners LLC purchased a new position in Wayfair in the first quarter valued at approximately $37,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Wayfair during the 4th quarter worth $74,000. Institutional investors and hedge funds own 89.67% of the company’s stock.

Insider Activity

In related news, insider Steven Conine sold 10,000 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $56.79, for a total value of $567,900.00. Following the transaction, the insider now owns 219,073 shares of the company’s stock, valued at approximately $12,441,155.67. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Steven Conine sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $56.79, for a total transaction of $567,900.00. Following the sale, the insider now directly owns 219,073 shares in the company, valued at approximately $12,441,155.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jon Blotner sold 4,801 shares of the stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $50.95, for a total transaction of $244,610.95. Following the completion of the sale, the insider now directly owns 53,152 shares in the company, valued at $2,708,094.40. The disclosure for this sale can be found here. Insiders sold a total of 59,682 shares of company stock worth $3,306,949 over the last quarter. 26.81% of the stock is currently owned by corporate insiders.

Wayfair Trading Down 8.1 %

NYSE:W traded down $4.42 during trading hours on Thursday, hitting $50.01. 12,443,385 shares of the company were exchanged, compared to its average volume of 4,278,646. The stock has a market capitalization of $6.02 billion, a price-to-earnings ratio of -9.32 and a beta of 3.43. The company has a fifty day simple moving average of $54.43 and a 200 day simple moving average of $57.25. Wayfair Inc. has a one year low of $38.37 and a one year high of $90.71.

Wayfair (NYSE:W) last posted its quarterly earnings results on Thursday, May 2nd. The company reported ($1.38) earnings per share for the quarter, beating the consensus estimate of ($1.49) by $0.11. The company 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 -2.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on W. TD Cowen upped their price target on Wayfair from $55.00 to $58.00 and gave the stock a “hold” rating in a research note on Friday, May 3rd. Truist Financial boosted their target price on Wayfair from $63.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Bank of America cut Wayfair from a “buy” rating to a “neutral” rating and reduced their price target for the company from $85.00 to $58.00 in a report on Thursday. Argus raised Wayfair from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a report on Thursday, May 16th. Finally, Wedbush reissued an “outperform” rating and set a $70.00 price target on shares of Wayfair in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $77.64.

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.