Bastion Asset Management Inc. Takes $1.34 Million Position in Wayfair Inc. (NYSE:W)

Bastion Asset Management Inc. acquired a new position in shares of Wayfair Inc. (NYSE:W - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 27,802 shares of the company's stock, valued at approximately $1,340,000.

A number of other institutional investors also recently modified their holdings of W. Capital World Investors grew its position in shares of Wayfair by 6.2% during the 4th quarter. Capital World Investors now owns 13,506,200 shares of the company's stock worth $598,596,000 after buying an additional 782,757 shares during the period. Vanguard Group Inc. raised its position in shares of Wayfair by 3.6% during the 4th quarter. Vanguard Group Inc. now owns 9,315,337 shares of the company's stock valued at $412,856,000 after acquiring an additional 327,603 shares during the last quarter. Baillie Gifford & Co. lifted its stake in shares of Wayfair by 13.6% in the 4th quarter. Baillie Gifford & Co. now owns 6,179,761 shares of the company's stock valued at $273,887,000 after purchasing an additional 740,641 shares during the period. Renaissance Technologies LLC boosted its position in shares of Wayfair by 17.9% in the 4th quarter. Renaissance Technologies LLC now owns 3,834,667 shares of the company's stock worth $169,952,000 after purchasing an additional 581,000 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Wayfair by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 1,546,932 shares of the company's stock worth $68,584,000 after purchasing an additional 22,078 shares during the period. Institutional investors own 89.67% of the company's stock.

Wall Street Analysts Forecast Growth

W has been the topic of several analyst reports. Citigroup increased their target price on Wayfair from $30.00 to $32.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Bank of America cut their price target on shares of Wayfair from $52.00 to $50.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. UBS Group decreased their price objective on shares of Wayfair from $60.00 to $55.00 and set a "buy" rating for the company in a report on Monday, April 14th. JPMorgan Chase & Co. lowered their target price on shares of Wayfair from $63.00 to $50.00 and set an "overweight" rating for the company in a research note on Monday, March 10th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Wayfair from a "buy" rating to a "hold" rating and set a $25.00 price target for the company. in a report on Monday, April 14th. Fourteen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Wayfair presently has a consensus rating of "Moderate Buy" and an average price target of $48.25.

Wayfair Trading Up 0.8 %

Shares of NYSE:W traded up $0.24 on Wednesday, hitting $30.39. The company had a trading volume of 4,646,876 shares, compared to its average volume of 4,647,253. The stock has a 50 day moving average price of $30.90 and a 200 day moving average price of $40.45. The stock has a market cap of $3.86 billion, a price-to-earnings ratio of -7.56 and a beta of 2.93. Wayfair Inc. has a 1-year low of $20.41 and a 1-year high of $76.18.

Wayfair (NYSE:W - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.24. The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same period in the prior year, the company earned ($0.32) earnings per share. The firm's revenue was up .0% compared to the same quarter last year. Sell-side analysts anticipate that Wayfair Inc. will post -2.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Steven Conine sold 30,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $46.33, for a total transaction of $1,389,900.00. Following the sale, the insider now owns 559,073 shares of the company's stock, valued at $25,901,852.09. This represents a 5.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kate Gulliver sold 19,296 shares of Wayfair stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $31.67, for a total value of $611,104.32. Following the completion of the transaction, the chief financial officer now directly 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 92,915 shares of company stock worth $3,389,028 in the last 90 days. Company insiders own 21.91% of the company's stock.

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.