Vanguard Personalized Indexing Management LLC Has $391,000 Stake in Wayfair Inc. (NYSE:W)

Vanguard Personalized Indexing Management LLC reduced its holdings in shares of Wayfair Inc. (NYSE:W) by 6.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 6,336 shares of the company’s stock after selling 413 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Wayfair were worth $391,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Allspring Global Investments Holdings LLC lifted its holdings in Wayfair by 31.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 398,795 shares of the company’s stock worth $24,606,000 after purchasing an additional 94,540 shares during the last quarter. Federated Hermes Inc. bought a new stake in shares of Wayfair in the third quarter valued at about $1,147,000. Vanguard Group Inc. grew its stake in shares of Wayfair by 5.2% in the third quarter. Vanguard Group Inc. now owns 7,830,300 shares of the company’s stock valued at $474,281,000 after acquiring an additional 386,717 shares in the last quarter. Canada Pension Plan Investment Board increased its position in Wayfair by 3,978.9% during the third quarter. Canada Pension Plan Investment Board now owns 367,100 shares of the company’s stock worth $22,235,000 after acquiring an additional 358,100 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Wayfair by 88.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 634,611 shares of the company’s stock worth $38,438,000 after acquiring an additional 297,235 shares during the period. 89.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

W has been the topic of a number of analyst reports. StockNews.com lowered shares of Wayfair from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. Piper Sandler restated an “overweight” rating and set a $91.00 price objective (up previously from $88.00) on shares of Wayfair in a research note on Friday, May 3rd. Raymond James upgraded Wayfair from a “market perform” rating to a “strong-buy” rating and set a $65.00 target price for the company in a research report on Friday, February 16th. Royal Bank of Canada raised their price target on Wayfair from $61.00 to $65.00 and gave the stock a “sector perform” rating in a research report on Monday, May 6th. Finally, Argus raised shares of Wayfair from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research report on Thursday, May 16th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $77.83.

Insider Transactions at Wayfair

In related news, COO Thomas Netzer sold 20,000 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $59.72, for a total value of $1,194,400.00. Following the transaction, the chief operating officer now owns 116,622 shares in the company, valued at $6,964,665.84. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, insider Steven Conine sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $68.26, for a total transaction of $682,600.00. Following the transaction, the insider now directly owns 229,073 shares of the company’s stock, valued at $15,636,522.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Thomas Netzer sold 20,000 shares of Wayfair stock in a transaction on Friday, March 1st. The shares were sold at an average price of $59.72, for a total transaction of $1,194,400.00. Following the completion of the sale, the chief operating officer now directly owns 116,622 shares of the company’s stock, valued at approximately $6,964,665.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 86,664 shares of company stock worth $5,449,893. Company insiders own 26.81% of the company’s stock.

Wayfair Stock Performance

NYSE W opened at $61.18 on Friday. Wayfair Inc. has a twelve month low of $34.27 and a twelve month high of $90.71. The stock has a fifty day simple moving average of $62.26 and a 200 day simple moving average of $57.73.

Wayfair (NYSE:W) last issued its quarterly earnings results on Thursday, May 2nd. The company reported ($1.38) earnings per share for the quarter, beating the consensus estimate of ($1.49) by $0.11. The company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.64 billion. Research analysts predict that Wayfair Inc. will post -3.03 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.