Wayfair Inc (NYSE:W) shares were up 6.4% on Friday . The stock traded as high as $85.20 and last traded at $84.97, approximately 5,274,782 shares traded hands during mid-day trading. An increase of 164% from the average daily volume of 2,001,589 shares. The stock had previously closed at $79.87.

Several brokerages have recently weighed in on W. Argus upgraded shares of Wayfair from a “hold” rating to a “buy” rating and set a $96.00 price objective on the stock in a report on Monday, November 11th. Credit Suisse Group raised their target price on Wayfair from $160.00 to $180.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Goldman Sachs Group began coverage on Wayfair in a research report on Tuesday, September 3rd. They issued a “buy” rating and a $145.00 target price for the company. Deutsche Bank dropped their price target on Wayfair from $142.00 to $104.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Finally, Loop Capital dropped their price target on Wayfair from $180.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirteen have given a buy rating to the company’s stock. Wayfair presently has an average rating of “Hold” and an average target price of $134.25.

The company has a 50-day moving average of $91.71 and a 200-day moving average of $121.79.

Wayfair (NYSE:W) last released its quarterly earnings results on Thursday, October 31st. The company reported ($2.23) EPS for the quarter, beating analysts’ consensus estimates of ($2.89) by $0.66. The company had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same period in the previous year, the company posted ($1.28) earnings per share. The company’s quarterly revenue was up 35.2% compared to the same quarter last year. On average, analysts predict that Wayfair Inc will post -10.59 earnings per share for the current fiscal year.

In related news, insider Edmond Macri sold 300 shares of Wayfair stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $122.80, for a total transaction of $36,840.00. Following the sale, the insider now directly owns 950 shares in the company, valued at $116,660. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James R. Miller sold 1,617 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $84.09, for a total value of $135,973.53. Following the completion of the transaction, the insider now directly owns 16,076 shares in the company, valued at approximately $1,351,830.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,473 shares of company stock valued at $3,608,145. Company insiders own 33.86% of the company’s stock.

A number of large investors have recently made changes to their positions in W. Steward Partners Investment Advisory LLC purchased a new position in Wayfair in the second quarter valued at approximately $139,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Wayfair by 21.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,226 shares of the company’s stock worth $1,785,000 after purchasing an additional 2,142 shares in the last quarter. Personal Wealth Partners purchased a new stake in Wayfair during the 2nd quarter worth about $107,000. First Trust Advisors LP lifted its holdings in Wayfair by 35.4% during the 2nd quarter. First Trust Advisors LP now owns 149,815 shares of the company’s stock worth $21,873,000 after purchasing an additional 39,171 shares in the last quarter. Finally, Aperio Group LLC boosted its stake in Wayfair by 11.4% in the 2nd quarter. Aperio Group LLC now owns 11,635 shares of the company’s stock worth $1,699,000 after purchasing an additional 1,188 shares during the period. Hedge funds and other institutional investors own 80.95% of the company’s stock.

About Wayfair (NYSE:W)

Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. It provides approximately 14 million products for the home sector under various brands. The company offers selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold.

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