Wayfair Inc. (NYSE:W) Shares Bought by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Wayfair Inc. (NYSE:W) by 297.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 67,545 shares of the company’s stock after purchasing an additional 50,545 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Wayfair were worth $4,585,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the business. Riverview Trust Co purchased a new position in shares of Wayfair in the 1st quarter valued at about $27,000. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Wayfair in the 4th quarter valued at approximately $29,000. GAMMA Investing LLC acquired a new stake in shares of Wayfair in the 4th quarter valued at $31,000. ORG Partners LLC purchased a new stake in shares of Wayfair during the 1st quarter worth $37,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Wayfair during the fourth quarter worth $74,000. 89.67% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Steven Conine sold 10,000 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $68.26, for a total value of $682,600.00. Following the completion of the transaction, the insider now owns 229,073 shares in the company, valued at approximately $15,636,522.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Jon Blotner sold 4,801 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $50.95, for a total value of $244,610.95. Following the completion of the transaction, the insider now owns 53,152 shares in the company, valued at $2,708,094.40. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Steven Conine sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $68.26, for a total transaction of $682,600.00. Following the completion of the sale, the insider now owns 229,073 shares in the company, valued at $15,636,522.98. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 60,030 shares of company stock worth $3,327,414. Corporate insiders own 26.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on W. Evercore ISI raised Wayfair from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $65.00 to $80.00 in a report on Thursday, April 4th. Morgan Stanley boosted their target price on Wayfair from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Monday, May 13th. Piper Sandler reiterated an “overweight” rating and issued a $91.00 price target (up from $88.00) on shares of Wayfair in a research note on Friday, May 3rd. BMO Capital Markets boosted their price objective on shares of Wayfair from $57.00 to $61.00 and gave the stock a “market perform” rating in a research report on Friday, May 3rd. Finally, TD Cowen lifted their price target on shares of Wayfair from $55.00 to $58.00 and gave the stock a “hold” rating in a research note on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $78.37.

Wayfair Trading Up 2.3 %

Shares of W opened at $49.15 on Friday. The stock’s 50 day moving average is $55.34 and its two-hundred day moving average is $57.26. Wayfair Inc. has a twelve month low of $38.37 and a twelve month high of $90.71. The firm has a market capitalization of $5.92 billion, a PE ratio of -9.17 and a beta of 3.43.

Wayfair (NYSE:W) last posted its quarterly earnings results on Thursday, May 2nd. The company reported ($1.38) EPS for the quarter, beating the consensus estimate of ($1.49) by $0.11. The business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.64 billion. On average, sell-side analysts predict that Wayfair Inc. will post -2.93 EPS for the current year.

About Wayfair

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.