Vanguard Personalized Indexing Management LLC Has $603,000 Holdings in Wayfair Inc. $W

Key Points

• Vanguard Personalized Indexing Management LLC has increased its stake in Wayfair Inc. by 40.4%, reaching $603,000 in holdings after acquiring 3,395 additional shares in the second quarter.
• Several hedge funds have also strengthened their positions in Wayfair, with IFP Advisors Inc. increasing their stake by 49.3%, and KLP Kapitalforvaltning AS owning 20,400 shares valued at over $1 million after a 6.3% increase.
• Wayfair stock has been the subject of various analyst upgrades, with targets ranging from $70.00 to $90.00 and an average target of $74.50, amidst ratings indicating a general outlook of Moderate Buy.

Vanguard Personalized Indexing Management LLC boosted its stake in Wayfair Inc. (NYSE:W - Free Report) by 40.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,794 shares of the company's stock after purchasing an additional 3,395 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Wayfair were worth $603,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of W. IFP Advisors Inc grew its position in shares of Wayfair by 49.3% in the 2nd quarter. IFP Advisors Inc now owns 1,869 shares of the company's stock valued at $96,000 after buying an additional 617 shares during the last quarter. GFG Capital LLC acquired a new position in shares of Wayfair in the second quarter worth approximately $102,000. Maryland State Retirement & Pension System bought a new stake in Wayfair in the second quarter valued at approximately $270,000. KLP Kapitalforvaltning AS increased its position in Wayfair by 6.3% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 20,400 shares of the company's stock valued at $1,043,000 after purchasing an additional 1,200 shares during the period. Finally, QRG Capital Management Inc. bought a new position in Wayfair during the 2nd quarter worth approximately $342,000. 89.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Needham & Company LLC upped their price objective on shares of Wayfair from $40.00 to $83.00 and gave the company a "buy" rating in a research note on Monday, August 4th. Guggenheim restated a "buy" rating and issued a $90.00 target price on shares of Wayfair in a report on Wednesday, August 27th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Wayfair in a research report on Tuesday, August 5th. Zacks Research downgraded Wayfair from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 29th. Finally, Canaccord Genuity Group upped their target price on Wayfair from $58.00 to $70.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, Wayfair has an average rating of "Moderate Buy" and an average price target of $74.50.

Insider Buying and Selling at Wayfair

In other news, CEO Niraj Shah sold 85,000 shares of Wayfair stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $86.79, for a total transaction of $7,377,150.00. Following the completion of the transaction, the chief executive officer directly owned 374,137 shares in the company, valued at $32,471,350.23. This trade represents a 18.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Steven Conine sold 85,000 shares of the business's stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $86.79, for a total transaction of $7,377,150.00. Following the sale, the insider directly owned 374,073 shares of the company's stock, valued at approximately $32,465,795.67. The trade was a 18.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 790,000 shares of company stock valued at $63,585,337. 21.91% of the stock is currently owned by insiders.

Wayfair Price Performance

Shares of Wayfair stock opened at $80.92 on Wednesday. Wayfair Inc. has a one year low of $20.41 and a one year high of $91.77. The firm has a market capitalization of $10.49 billion, a price-to-earnings ratio of -33.72 and a beta of 3.03. The business has a 50-day simple moving average of $82.27 and a 200 day simple moving average of $58.43.

Wayfair (NYSE:W - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.54. The firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.11 billion. The firm's revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.47 EPS. On average, sell-side analysts expect that Wayfair Inc. will post -2.54 EPS for the current year.

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.

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