Ameritas Advisory Services LLC Increases Stock Holdings in Wayfair Inc. (NYSE:W)

Ameritas Advisory Services LLC boosted its stake in Wayfair Inc. (NYSE:W - Free Report) by 304.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,916 shares of the company's stock after purchasing an additional 15,742 shares during the period. Ameritas Advisory Services LLC's holdings in Wayfair were worth $672,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in W. True Wealth Design LLC grew its position in shares of Wayfair by 207.1% in the 4th quarter. True Wealth Design LLC now owns 565 shares of the company's stock worth $25,000 after buying an additional 381 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Wayfair by 577.0% in the fourth quarter. Jones Financial Companies Lllp now owns 589 shares of the company's stock worth $26,000 after acquiring an additional 502 shares during the period. J.Safra Asset Management Corp boosted its holdings in Wayfair by 71.3% in the fourth quarter. J.Safra Asset Management Corp now owns 586 shares of the company's stock valued at $26,000 after acquiring an additional 244 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in Wayfair during the 4th quarter valued at $41,000. Finally, GAMMA Investing LLC increased its position in Wayfair by 85.8% during the 1st quarter. GAMMA Investing LLC now owns 1,319 shares of the company's stock valued at $42,000 after purchasing an additional 609 shares during the period. 89.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

W has been the topic of a number of research reports. Evercore ISI lifted their target price on shares of Wayfair from $50.00 to $60.00 and gave the company an "outperform" rating in a research note on Tuesday, June 24th. Citigroup raised their price objective on shares of Wayfair from $30.00 to $32.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Piper Sandler reissued an "overweight" rating and issued a $61.00 target price (up previously from $46.00) on shares of Wayfair in a research report on Friday, June 13th. Loop Capital restated a "sell" rating and issued a $35.00 target price on shares of Wayfair in a research note on Wednesday, May 14th. Finally, Bank of America upped their price target on Wayfair from $36.00 to $43.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $45.67.

Insider Buying and Selling

In related news, CTO Fiona Tan sold 3,214 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $49.00, for a total value of $157,486.00. Following the sale, the chief technology officer owned 70,891 shares in the company, valued at approximately $3,473,659. This trade represents a 4.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Steven Conine sold 180,943 shares of Wayfair stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $52.59, for a total transaction of $9,515,792.37. Following the completion of the sale, the insider directly owned 236,167 shares of the company's stock, valued at approximately $12,420,022.53. This trade represents a 43.38% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 652,067 shares of company stock worth $31,829,662. 21.91% of the stock is owned by corporate insiders.

Wayfair Trading Up 0.7%

W stock traded up $0.42 during midday trading on Thursday, hitting $56.88. The company's stock had a trading volume of 3,314,876 shares, compared to its average volume of 4,823,375. The firm's 50-day moving average is $41.40 and its 200-day moving average is $40.10. Wayfair Inc. has a 12 month low of $20.41 and a 12 month high of $58.42. The company has a market cap of $7.30 billion, a PE ratio of -19.96 and a beta of 2.97.

Wayfair (NYSE:W - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.71 billion. During the same quarter in the prior year, the firm earned ($0.32) EPS. The firm's revenue for the quarter was up .0% compared to the same quarter last year. Analysts expect that Wayfair Inc. will post -2.54 earnings per share 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.