Livforsakringsbolaget Skandia Omsesidigt Acquires 500 Shares of Wayfair Inc. (NYSE:W)

Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Wayfair Inc. (NYSE:W) by 100.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,000 shares of the company’s stock after acquiring an additional 500 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Wayfair were worth $226,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of W. Arrowstreet Capital Limited Partnership acquired a new position in shares of Wayfair in the 3rd quarter worth approximately $1,804,000. Great West Life Assurance Co. Can lifted its position in shares of Wayfair by 180.8% in the 3rd quarter. Great West Life Assurance Co. Can now owns 66,615 shares of the company’s stock worth $206,000 after purchasing an additional 42,892 shares during the period. Guggenheim Capital LLC lifted its position in shares of Wayfair by 4.3% in the 3rd quarter. Guggenheim Capital LLC now owns 4,632 shares of the company’s stock worth $1,348,000 after purchasing an additional 192 shares during the period. Profund Advisors LLC acquired a new position in shares of Wayfair in the 3rd quarter worth approximately $240,000. Finally, Truist Financial Corp acquired a new position in shares of Wayfair in the 3rd quarter worth approximately $845,000. Hedge funds and other institutional investors own 81.27% of the company’s stock.

In related news, CFO Michael D. Fleisher sold 750 shares of the stock in a transaction dated Monday, April 5th. The shares were sold at an average price of $336.37, for a total transaction of $252,277.50. Following the completion of the transaction, the chief financial officer now owns 96,496 shares in the company, valued at $32,458,359.52. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Niraj Shah sold 35,902 shares of the stock in a transaction dated Thursday, January 14th. The shares were sold at an average price of $349.81, for a total transaction of $12,558,878.62. Following the transaction, the chief executive officer now owns 69,869 shares of the company’s stock, valued at approximately $24,440,874.89. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 95,519 shares of company stock valued at $32,257,117. 30.86% of the stock is owned by company insiders.

A number of research analysts recently issued reports on W shares. DA Davidson boosted their target price on shares of Wayfair from $325.00 to $450.00 in a research report on Wednesday, March 31st. Morgan Stanley upgraded shares of Wayfair from an “underweight” rating to an “equal weight” rating and set a $270.00 target price on the stock in a research report on Wednesday, March 3rd. TheStreet upgraded shares of Wayfair from a “d+” rating to a “c” rating in a research report on Monday, March 1st. Citigroup boosted their target price on shares of Wayfair from $230.00 to $250.00 in a research report on Tuesday, March 2nd. Finally, Gordon Haskett downgraded shares of Wayfair from a “buy” rating to a “neutral” rating and set a $300.00 target price on the stock. in a research report on Thursday, January 28th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $292.55.

NYSE W opened at $325.92 on Thursday. Wayfair Inc. has a 1 year low of $72.50 and a 1 year high of $369.00. The firm has a market cap of $33.76 billion, a price-to-earnings ratio of -46.69, a PEG ratio of 98.63 and a beta of 3.43. The company has a fifty day moving average price of $311.65 and a 200-day moving average price of $281.97.

Wayfair (NYSE:W) last posted its earnings results on Thursday, February 25th. The company reported $1.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.88. The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.77 billion. The business’s revenue was up 46.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($2.80) EPS. Equities analysts forecast that Wayfair Inc. will post 0.13 EPS for the current fiscal year.

About Wayfair

Wayfair Inc engages in the e-commerce business in the United States and internationally. It provides approximately twenty-two million products for the home sector under various brands. The company offers online selections of furniture, décor, housewares, and home improvement products through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold brands.

Further Reading: What is a Fiduciary?

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Institutional Ownership by Quarter for Wayfair (NYSE:W)

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