International Assets Investment Management LLC Purchases 67,244 Shares of Wayfair Inc. (NYSE:W)

International Assets Investment Management LLC lifted its stake in Wayfair Inc. (NYSE:W - Free Report) by 8,977.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,993 shares of the company's stock after buying an additional 67,244 shares during the period. International Assets Investment Management LLC owned about 0.06% of Wayfair worth $4,195,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. HighTower Advisors LLC increased its stake in shares of Wayfair by 16.9% in the 1st quarter. HighTower Advisors LLC now owns 2,360 shares of the company's stock valued at $259,000 after buying an additional 342 shares during the period. MetLife Investment Management LLC bought a new position in shares of Wayfair in the 1st quarter worth $378,000. Panagora Asset Management Inc. boosted its position in shares of Wayfair by 42.7% in the 1st quarter. Panagora Asset Management Inc. now owns 2,204 shares of the company's stock worth $244,000 after purchasing an additional 659 shares during the last quarter. Vontobel Holding Ltd. boosted its position in shares of Wayfair by 51.6% in the 1st quarter. Vontobel Holding Ltd. now owns 12,740 shares of the company's stock worth $1,548,000 after purchasing an additional 4,338 shares during the last quarter. Finally, Aviva PLC boosted its position in shares of Wayfair by 1.5% in the 1st quarter. Aviva PLC now owns 23,470 shares of the company's stock worth $2,600,000 after purchasing an additional 346 shares during the last quarter. 89.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on W. BMO Capital Markets began coverage on Wayfair in a report on Tuesday, January 9th. They set a "market perform" rating and a $57.00 target price on the stock. Truist Financial cut their price target on Wayfair from $65.00 to $63.00 and set a "buy" rating on the stock in a report on Friday, February 23rd. Loop Capital lifted their target price on Wayfair from $55.00 to $65.00 and gave the company a "hold" rating in a research report on Tuesday, April 2nd. Morgan Stanley reaffirmed an "overweight" rating and issued a $80.00 target price on shares of Wayfair in a research report on Monday, March 25th. Finally, Evercore ISI raised Wayfair from an "in-line" rating to an "outperform" rating and lifted their target price for the company from $65.00 to $80.00 in a research report on Thursday, April 4th. Ten equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $77.03.

Wayfair Stock Performance

Shares of W stock traded down $0.61 during trading on Wednesday, hitting $54.74. The company had a trading volume of 3,698,936 shares, compared to its average volume of 4,303,544. The firm has a market capitalization of $6.59 billion, a P/E ratio of -8.40 and a beta of 3.29. The stock's 50-day moving average price is $59.35 and its 200 day moving average price is $55.18. Wayfair Inc. has a one year low of $29.51 and a one year high of $90.71.

Wayfair (NYSE:W - Get Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The company reported ($1.46) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.54) by $0.08. The company had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $3.10 billion. On average, research analysts anticipate that Wayfair Inc. will post -3.37 earnings per share for the current fiscal year.

Insider Activity at Wayfair

In other Wayfair news, CTO Fiona Tan sold 5,315 shares of the company's stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $63.06, for a total transaction of $335,163.90. Following the completion of the sale, the chief technology officer now directly owns 51,095 shares in the company, valued at $3,222,050.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Jon Blotner sold 3,492 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $50.34, for a total value of $175,787.28. Following the completion of the transaction, the insider now directly owns 32,118 shares in the company, valued at approximately $1,616,820.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Fiona Tan sold 5,315 shares of the stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $63.06, for a total value of $335,163.90. Following the completion of the transaction, the chief technology officer now owns 51,095 shares of the company's stock, valued at $3,222,050.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 89,808 shares of company stock worth $5,445,222. Company insiders own 23.50% of the company's stock.

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.