Achmea Investment Management B.V. bought a new position in shares of Wayfair Inc (NYSE:W) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,094 shares of the company’s stock, valued at approximately $1,089,000.

Several other large investors also recently modified their holdings of W. LS Investment Advisors LLC purchased a new stake in Wayfair during the fourth quarter valued at $60,000. JS Capital Management LLC purchased a new stake in Wayfair during the third quarter valued at $103,000. Enlightenment Research LLC purchased a new stake in Wayfair during the fourth quarter valued at $144,000. MERIAN GLOBAL INVESTORS UK Ltd purchased a new stake in Wayfair during the fourth quarter valued at $144,000. Finally, Wedbush Securities Inc. purchased a new stake in Wayfair during the third quarter valued at $207,000. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Shares of Wayfair stock opened at $166.01 on Friday. Wayfair Inc has a 1 year low of $60.53 and a 1 year high of $172.79. The stock has a market cap of $15.00 billion, a price-to-earnings ratio of -29.59 and a beta of 2.06.

Wayfair (NYSE:W) last released its quarterly earnings results on Friday, February 22nd. The company reported ($1.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.80) by $0.68. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the prior year, the business posted ($0.58) earnings per share. The firm’s quarterly revenue was up 40.0% on a year-over-year basis. On average, equities analysts anticipate that Wayfair Inc will post -7.82 earnings per share for the current year.

W has been the topic of several recent analyst reports. Robert W. Baird increased their target price on shares of Wayfair from $108.00 to $150.00 and gave the company a “neutral” rating in a research note on Monday, February 25th. Argus initiated coverage on shares of Wayfair in a research note on Thursday, February 28th. They issued a “hold” rating and a $163.85 target price on the stock. Zacks Investment Research downgraded shares of Wayfair from a “buy” rating to a “hold” rating in a research note on Monday, February 11th. Buckingham Research increased their target price on shares of Wayfair from $130.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, February 25th. Finally, Bank of America reissued a “neutral” rating and issued a $175.00 target price (up previously from $163.00) on shares of Wayfair in a research note on Friday, March 1st. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Wayfair has an average rating of “Hold” and a consensus target price of $141.99.

In other Wayfair news, CEO Niraj Shah sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, December 17th. The shares were sold at an average price of $95.80, for a total transaction of $383,200.00. Following the completion of the transaction, the chief executive officer now directly owns 83,633 shares of the company’s stock, valued at approximately $8,012,041.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Champlin Mulliken sold 4,915 shares of the firm’s stock in a transaction that occurred on Monday, December 17th. The stock was sold at an average price of $100.20, for a total transaction of $492,483.00. Following the transaction, the insider now directly owns 6,614 shares of the company’s stock, valued at $662,722.80. The disclosure for this sale can be found here. Insiders sold a total of 197,423 shares of company stock valued at $26,572,689 over the last ninety days. 37.75% of the stock is currently owned by insiders.

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About Wayfair

Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. The company offers approximately 10 million products for the home sector under various brands. It offers a selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, such as Wayfair, Joss & Main, AllModern, DwellStudio, Perigold, and Birch Lane.

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Institutional Ownership by Quarter for Wayfair (NYSE:W)

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