Wayfair Inc. (NYSE:W) shares saw unusually-strong trading volume on Tuesday . Approximately 1,519,650 shares traded hands during trading, an increase of 79% from the previous session’s volume of 848,350 shares.The stock last traded at $46.33 and had previously closed at $44.34.

Several equities research analysts recently weighed in on W shares. Zacks Investment Research raised Wayfair from a “sell” rating to a “hold” rating in a report on Saturday, July 9th. Vetr downgraded Wayfair from a “buy” rating to a “hold” rating and set a $43.83 target price for the company. in a report on Monday, April 4th. Citigroup Inc. downgraded Wayfair from a “buy” rating to a “neutral” rating and reduced their target price for the company from $51.00 to $45.00 in a report on Tuesday, May 10th. Sterne Agee CRT initiated coverage on Wayfair in a report on Wednesday, April 6th. They issued a “neutral” rating for the company. Finally, JPMorgan Chase & Co. initiated coverage on Wayfair in a report on Monday, April 25th. They issued a “neutral” rating and a $45.00 target price for the company. Eleven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $53.18.

The stock’s market capitalization is $3.93 billion. The stock has a 50 day moving average price of $40.01 and a 200 day moving average price of $40.48.

Wayfair (NYSE:W) last posted its earnings results on Monday, May 9th. The company reported ($0.36) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.33) by $0.03. During the same period in the previous year, the business earned ($0.23) EPS. The company earned $747.30 million during the quarter, compared to analyst estimates of $693.95 million. Wayfair’s revenue for the quarter was up 76.1% compared to the same quarter last year. On average, equities analysts expect that Wayfair Inc. will post ($1.12) earnings per share for the current fiscal year.

In other news, insider Harbourvest Partners 2007 Dire sold 68,100 shares of Wayfair stock in a transaction on Friday, May 20th. The stock was sold at an average price of $40.35, for a total value of $2,747,835.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Steven Conine sold 12,000 shares of Wayfair stock in a transaction on Wednesday, May 18th. The shares were sold at an average price of $40.04, for a total value of $480,480.00. Following the completion of the sale, the insider now directly owns 46,000 shares of the company’s stock, valued at $1,841,840. The disclosure for this sale can be found here.

Other large investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System boosted its stake in Wayfair by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 37,171 shares of the company’s stock valued at $1,770,000 after buying an additional 632 shares during the period. First Trust Advisors LP purchased a new stake in Wayfair during the fourth quarter valued at approximately $2,895,000. Russell Frank Co boosted its stake in Wayfair by 72.5% in the fourth quarter. Russell Frank Co now owns 95,996 shares of the company’s stock valued at $4,697,000 after buying an additional 40,358 shares during the period. Marshall Wace LLP purchased a new stake in Wayfair during the fourth quarter valued at approximately $5,425,000. Finally, State of New Jersey Common Pension Fund D boosted its stake in Wayfair by 14.3% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 480,000 shares of the company’s stock valued at $22,858,000 after buying an additional 60,000 shares during the period.

Wayfair Inc (Wayfair) offers browsing, merchandising, product discovery and prices for a range of products from suppliers across various brands, including Wayfair.com, Joss & Main, AllModern, DwellStudio and Birch Lane. The Company offers a range of furniture, home furnishings, decor and goods. Wayfair produces editorial content both in-house and through third parties.

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