Envestnet Asset Management Inc. Has $752,000 Stock Holdings in Wayfair Inc. (NYSE:W)

Envestnet Asset Management Inc. lifted its holdings in shares of Wayfair Inc. (NYSE:W - Free Report) by 148.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,971 shares of the company's stock after acquiring an additional 10,152 shares during the period. Envestnet Asset Management Inc.'s holdings in Wayfair were worth $752,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Vanguard Group Inc. increased its position in Wayfair by 3.6% during the 4th quarter. Vanguard Group Inc. now owns 9,315,337 shares of the company's stock worth $412,856,000 after purchasing an additional 327,603 shares during the period. Baillie Gifford & Co. lifted its holdings in Wayfair by 13.6% in the fourth quarter. Baillie Gifford & Co. now owns 6,179,761 shares of the company's stock valued at $273,887,000 after acquiring an additional 740,641 shares during the period. Geode Capital Management LLC boosted its position in shares of Wayfair by 1.4% during the 4th 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 in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Wayfair by 3.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,009,312 shares of the company's stock worth $44,733,000 after purchasing an additional 35,057 shares during the period. Finally, Norges Bank purchased a new position in shares of Wayfair in the 4th quarter valued at about $31,472,000. 89.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Wayfair

In other news, CFO Kate Gulliver sold 19,296 shares of the business's stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 144,474 shares in the company, valued at approximately $4,575,491.58. The trade was a 11.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jon Blotner sold 19,257 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $31.68, for a total value of $610,061.76. Following the completion of the sale, the insider now owns 78,308 shares in the company, valued at approximately $2,480,797.44. This represents a 19.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 92,915 shares of company stock valued at $3,389,028 over the last three months. 21.91% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Raymond James set a $60.00 price objective on shares of Wayfair and gave the company a "strong-buy" rating in a research note on Friday, February 21st. Deutsche Bank Aktiengesellschaft downgraded Wayfair from a "buy" rating to a "hold" rating and set a $25.00 price objective for the company. in a research report on Monday, April 14th. Loop Capital lowered their target price on Wayfair from $55.00 to $45.00 and set a "hold" rating on the stock in a report on Friday, February 21st. JPMorgan Chase & Co. cut 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, Citigroup upped 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. Fourteen research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $48.25.

Wayfair Stock Up 0.6 %

Shares of Wayfair stock traded up $0.19 on Wednesday, hitting $30.34. 2,463,425 shares of the company's stock traded hands, compared to its average volume of 4,644,007. Wayfair Inc. has a 52-week low of $20.41 and a 52-week high of $76.18. The stock has a market cap of $3.85 billion, a P/E ratio of -7.51 and a beta of 2.93. The firm's 50-day moving average is $30.90 and its 200 day moving average is $40.45.

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

Wayfair Company 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.