An overview of Wayfair Inc.’s (W) institutional holdings

The price of Wayfair Inc. (NYSE:W) shares last traded on Wall Street rose 7.40% to $52.95.

Based on available information, 36 analysts follow Wayfair Inc. (NYSE:W). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $118.00 and a low of $25.00, we find $45.00. Given the previous closing price of $49.30, this indicates a potential downside of -8.72 percent. W stock price is now 44.20% away from the 50-day moving average and 32.11% away from the 200-day moving average. The market capitalization of the company currently stands at $5.92B.

Among analysts, 18 rate the stock a hold while 13 rate it a buy. Brokers who have rated the stock have averaged $49.72 as their price target over the next twelve months.

With the price target maintained at $70, Barclays recently Upgraded its rating from Underweight to Equal Weight for Wayfair Inc. (NYSE: W).

In other news, Schaferkordt Anke, Director sold 11 shares of the company’s stock on Jun 02. The stock was sold for $488 at an average price of $44.40. Upon completion of the transaction, the Director now directly owns 9,965 shares in the company, valued at $0.53 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 01, Chief Commercial Officer Oblak Steve sold 24,653 shares of the business’s stock. A total of $974,780 was realized by selling the stock at an average price of $39.54. This leaves the insider owning 219,548 shares of the company worth $11.63 million. Insiders disposed of 129,949 shares of company stock worth roughly $6.88 million over the past 1 year. A total of 0.50% of the company’s stock is owned by insiders.

There have been several recent changes in the stakes of large investors in W stock. A new stake in Wayfair Inc. shares was purchased by DAVIDSON KEMPNER PARTNERS during the first quarter worth $39,677,000. NEWBROOK CAPITAL ADVISORS LP invested $32,680,000 in shares of W during the first quarter. In the first quarter, ALYESKA INVESTMENT GROUP, L.P. acquired a new stake in Wayfair Inc. valued at approximately $29,249,000. MARSHALL WACE, LLP acquired a new stake in W for approximately $21,574,000. WELLINGTON MANAGEMENT GROUP LLP purchased a new stake in W valued at around $21,034,000 in the second quarter. In total, there are 411 active investors with 118.60% ownership of the company’s stock.

A candlestick chart of Wayfair Inc. (NYSE: W) showed a price of $50.41 on Thursday morning. During the past 12 months, Wayfair Inc. has had a low of $28.11 and a high of $76.35. The fifty day moving average price for W is $37.12 and a two-hundred day moving average price translates $40.07 for the stock.

The latest earnings results from Wayfair Inc. (NYSE: W) was released for Mar, 2023. According to the Internet Retail Company, earnings per share came in at -$1.13, beating analysts’ expectations of -$1.69 by 0.56. This compares to -$3.04 EPS in the same period last year. The net profit margin was -11.40% and return on equity was 55.70% for W. The company reported revenue of $2.77 billion for the quarter, compared to $2.99 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.32 percent. For the current quarter, analysts expect W to generate $3.06B in revenue.

Wayfair Inc.(W) Company Profile

Wayfair Inc. engages in the e-commerce business in the United States and internationally. The company provides approximately fourty million products for the home sector under various brands. It offers online selections of furniture, décor, housewares, and home improvement products through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, Perigold, and Wayfair Professional. The company was founded in 2002 and is headquartered in Boston, Massachusetts.