Wayfair Inc. (NYSE:W) Shares Acquired by Northern Trust Corp

Northern Trust Corp increased its position in shares of Wayfair Inc. (NYSE:W - Free Report) by 11.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 463,457 shares of the company's stock after buying an additional 47,326 shares during the period. Northern Trust Corp owned about 0.37% of Wayfair worth $20,540,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. J.Safra Asset Management Corp grew its stake 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 purchasing an additional 244 shares during the last quarter. Jones Financial Companies Lllp grew its stake in Wayfair by 577.0% in the fourth quarter. Jones Financial Companies Lllp now owns 589 shares of the company's stock valued at $26,000 after purchasing an additional 502 shares during the last quarter. GAMMA Investing LLC grew its stake in Wayfair by 65.5% in the fourth quarter. GAMMA Investing LLC now owns 710 shares of the company's stock valued at $31,000 after purchasing an additional 281 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in Wayfair in the fourth quarter valued at about $41,000. Finally, Venturi Wealth Management LLC purchased a new position in Wayfair in the fourth quarter valued at about $45,000. Hedge funds and other institutional investors own 89.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Argus upgraded Wayfair from a "hold" rating to a "buy" rating and set a $40.00 target price on the stock in a research note on Monday, May 12th. Jefferies Financial Group upgraded Wayfair from a "hold" rating to a "buy" rating and lifted their target price for the company from $45.00 to $47.00 in a research note on Friday, March 7th. Citigroup lifted 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. Wedbush raised Wayfair to a "hold" rating in a report on Thursday, May 1st. Finally, BMO Capital Markets set a $38.00 price target on Wayfair in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $43.83.

Insider Buying and Selling at Wayfair

In other news, CEO Niraj Shah sold 2,258 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $40.01, for a total value of $90,342.58. Following the completion of the sale, the chief executive officer now directly owns 541,627 shares in the company, valued at $21,670,496.27. The trade was a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Steven Conine sold 30,000 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $46.33, for a total value of $1,389,900.00. Following the completion of the sale, the insider now owns 559,073 shares of the company's stock, valued at $25,901,852.09. This trade represents a 5.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 127,330 shares of company stock valued at $4,767,406. 21.91% of the stock is owned by company insiders.

Wayfair Stock Up 2.2%

Shares of Wayfair stock traded up $0.84 on Friday, reaching $39.59. 3,709,736 shares of the stock were exchanged, compared to its average volume of 4,728,877. Wayfair Inc. has a twelve month low of $20.41 and a twelve month high of $68.98. The firm has a market capitalization of $5.02 billion, a price-to-earnings ratio of -9.85 and a beta of 2.93. The business has a 50 day moving average price of $31.13 and a two-hundred day moving average price of $39.98.

Wayfair (NYSE:W - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.14) by $0.24. The company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same period in the previous year, the firm posted ($0.32) earnings per share. The company's revenue was up .0% compared to the same quarter last year. 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.