Strs Ohio Purchases 2,240 Shares of Wayfair Inc. $W

Strs Ohio lifted its position in Wayfair Inc. (NYSE:W) by 2.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 97,240 shares of the company’s stock after acquiring an additional 2,240 shares during the period. Strs Ohio’s holdings in Wayfair were worth $4,973,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in W. GAMMA Investing LLC raised its position in shares of Wayfair by 85.8% in the 1st quarter. GAMMA Investing LLC now owns 1,319 shares of the company’s stock worth $42,000 after acquiring an additional 609 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Wayfair by 229.0% in the 2nd quarter. Parallel Advisors LLC now owns 1,576 shares of the company’s stock worth $81,000 after acquiring an additional 1,097 shares in the last quarter. IFP Advisors Inc raised 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 worth $96,000 after acquiring an additional 617 shares in the last quarter. GFG Capital LLC bought a new position in shares of Wayfair in the 2nd quarter worth approximately $102,000. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of Wayfair by 15,266.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 4,610 shares of the company’s stock worth $148,000 after acquiring an additional 4,580 shares in the last quarter. Institutional investors own 89.67% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Barclays increased their target price on Wayfair from $70.00 to $104.00 and gave the stock a “positive” rating in a research report on Wednesday. Royal Bank Of Canada upped their price target on Wayfair from $51.00 to $86.00 and gave the stock a “sector perform” rating in a research note on Thursday. Truist Financial upped their price target on Wayfair from $95.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Guggenheim upped their price target on Wayfair from $90.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Evercore ISI upped their price target on Wayfair from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $102.04.

Insider Buying and Selling at Wayfair

In other Wayfair news, insider Steven Conine sold 30,000 shares of the stock in a transaction on Tuesday, October 28th. The stock was sold at an average price of $105.09, for a total transaction of $3,152,700.00. Following the sale, the insider directly owned 139,073 shares in the company, valued at approximately $14,615,181.57. This trade represents a 17.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Niraj Shah sold 30,000 shares of the stock in a transaction on Tuesday, October 28th. The shares were sold at an average price of $105.10, for a total value of $3,153,000.00. Following the sale, the chief executive officer owned 139,137 shares in the company, valued at approximately $14,623,298.70. This represents a 17.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,260,000 shares of company stock worth $103,696,337. Company insiders own 21.91% of the company’s stock.

Wayfair Trading Up 1.1%

Shares of W opened at $103.51 on Monday. The business’s fifty day simple moving average is $84.70 and its two-hundred day simple moving average is $62.66. Wayfair Inc. has a 12 month low of $20.41 and a 12 month high of $108.72. The company has a market cap of $13.42 billion, a price-to-earnings ratio of -40.43 and a beta of 3.03.

Wayfair (NYSE:W) last issued its earnings results on Tuesday, October 28th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.44 by $0.26. The business had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter in the prior year, the business posted $0.22 earnings per share. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, research analysts forecast that Wayfair Inc. will post -2.54 EPS for the current year.

About Wayfair

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.