Advisory Research Inc. lifted its position in Wayfair Inc. (NYSE:W) by 79.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 3,513 shares of the company’s stock after purchasing an additional 1,560 shares during the quarter. Advisory Research Inc.’s holdings in Wayfair were worth $1,106,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of W. Baillie Gifford & Co. grew its holdings in shares of Wayfair by 11.0% in the 1st quarter. Baillie Gifford & Co. now owns 8,534,258 shares of the company’s stock worth $2,686,158,000 after purchasing an additional 848,531 shares during the last quarter. Norges Bank bought a new stake in shares of Wayfair in the 4th quarter worth about $146,328,000. Artisan Partners Limited Partnership lifted its position in Wayfair by 118.6% during the 1st quarter. Artisan Partners Limited Partnership now owns 940,965 shares of the company’s stock worth $296,169,000 after buying an additional 510,578 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Wayfair by 172.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 617,531 shares of the company’s stock worth $139,445,000 after buying an additional 390,645 shares in the last quarter. Finally, Steadview Capital Management LLC acquired a new position in Wayfair during the 1st quarter worth about $105,901,000. 83.13% of the stock is currently owned by institutional investors and hedge funds.
In other news, CTO James R. Miller sold 500 shares of the firm’s stock in a transaction that occurred on Friday, May 7th. The shares were sold at an average price of $300.00, for a total transaction of $150,000.00. Following the completion of the transaction, the chief technology officer now directly owns 19,987 shares of the company’s stock, valued at approximately $5,996,100. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael D. Fleisher sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 18th. The stock was sold at an average price of $302.89, for a total transaction of $454,335.00. Over the last three months, insiders have sold 23,015 shares of company stock valued at $6,912,271. 27.53% of the stock is owned by company insiders.
Wayfair (NYSE:W) last posted its earnings results on Thursday, May 6th. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.69) by $1.69. Wayfair had a negative return on equity of 45.45% and a net margin of 3.20%. The business had revenue of $3.48 billion during the quarter, compared to analysts’ expectations of $3.35 billion. During the same period in the prior year, the business earned ($2.30) EPS. Wayfair’s revenue for the quarter was up 49.2% compared to the same quarter last year. On average, analysts anticipate that Wayfair Inc. will post 1.69 EPS for the current fiscal year.
W has been the topic of several research reports. Morgan Stanley upped their price target on shares of Wayfair from $270.00 to $290.00 and gave the stock an “equal weight” rating in a research report on Friday, May 7th. Wedbush upped their price target on shares of Wayfair from $330.00 to $345.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 31st. Piper Sandler upped their price target on shares of Wayfair from $370.00 to $420.00 and gave the stock an “overweight” rating in a research report on Friday, April 9th. Loop Capital upped their price target on shares of Wayfair from $290.00 to $340.00 and gave the stock a “hold” rating in a research report on Monday, April 19th. Finally, Gordon Haskett upgraded shares of Wayfair from a “hold” rating to a “buy” rating and set a $400.00 target price on the stock in a research report on Friday, May 7th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and sixteen have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $315.52.
Wayfair Inc engages in the e-commerce business in the United States and internationally. It provides approximately twenty-two million products for the home sector under various brands. The company offers online selections of furniture, dÃ©cor, housewares, and home improvement products through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold brands.
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