Wayfair Inc. (NYSE:W) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lessened its stake in Wayfair Inc. ( NYSE:W – Free Report ) by 25.

2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,578 shares of the company’s stock after selling 4,244 shares during the period. Daiwa Securities Group Inc.



’s holdings in Wayfair were worth $663,000 as of its most recent SEC filing. Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital World Investors boosted its holdings in Wayfair by 0.

9% in the 1st quarter. Capital World Investors now owns 12,145,579 shares of the company’s stock valued at $824,442,000 after purchasing an additional 103,369 shares in the last quarter. Vanguard Group Inc.

grew its holdings in Wayfair by 4.5% during the first quarter. Vanguard Group Inc.

now owns 8,467,900 shares of the company’s stock worth $574,801,000 after acquiring an additional 363,948 shares during the period. Norges Bank purchased a new position in Wayfair in the fourth quarter worth $47,374,000. Wellington Management Group LLP boosted its position in shares of Wayfair by 18.

6% during the 4th quarter. Wellington Management Group LLP now owns 764,495 shares of the company’s stock worth $47,169,000 after purchasing an additional 119,873 shares in the last quarter. Finally, Charles Schwab Investment Management Inc.

grew its stake in shares of Wayfair by 6.2% during the 4th quarter. Charles Schwab Investment Management Inc.

now owns 674,156 shares of the company’s stock worth $41,595,000 after purchasing an additional 39,545 shares during the period. 89.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades Several analysts recently commented on the stock. Citigroup reduced their price objective on shares of Wayfair from $85.00 to $70.

00 and set a “buy” rating for the company in a research note on Friday, August 2nd. JPMorgan Chase & Co. decreased their price target on Wayfair from $80.

00 to $63.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Loop Capital dropped their price objective on Wayfair from $60.

00 to $50.00 and set a “hold” rating for the company in a research note on Friday, June 21st. Barclays decreased their target price on Wayfair from $58.

00 to $51.00 and set an “equal weight” rating on the stock in a research report on Monday, August 5th. Finally, Royal Bank of Canada cut their price target on Wayfair from $65.

00 to $53.00 and set a “sector perform” rating for the company in a research note on Friday, August 2nd. Twelve equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company.

Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $65.63. Insider Buying and Selling at Wayfair In related news, COO Thomas Netzer sold 6,625 shares of the stock in a transaction that occurred on Tuesday, July 2nd.

The shares were sold at an average price of $50.74, for a total transaction of $336,152.50.

Following the completion of the sale, the chief operating officer now owns 157,239 shares of the company’s stock, valued at approximately $7,978,306.86. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website .

In other Wayfair news, COO Thomas Netzer sold 6,625 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $50.74, for a total value of $336,152.

50. Following the transaction, the chief operating officer now directly owns 157,239 shares of the company’s stock, valued at $7,978,306.86.

The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website . Also, insider Jon Blotner sold 4,395 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $56.

09, for a total value of $246,515.55. Following the transaction, the insider now owns 43,926 shares in the company, valued at approximately $2,463,809.

34. The disclosure for this sale can be found here . Over the last 90 days, insiders sold 40,102 shares of company stock valued at $2,076,659.

Company insiders own 26.81% of the company’s stock. Wayfair Stock Performance Wayfair stock opened at $48.

03 on Tuesday. Wayfair Inc. has a 1 year low of $38.

02 and a 1 year high of $76.18. The firm has a 50 day moving average price of $46.

68 and a 200 day moving average price of $55.03. The company has a market cap of $5.

93 billion, a price-to-earnings ratio of -8.96 and a beta of 3.40.

Wayfair ( NYSE:W – Get Free Report ) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.

50 by ($0.03). The firm had revenue of $3.

18 billion for the quarter, compared to the consensus estimate of $3.18 billion. The firm’s revenue for the quarter was up .

2% on a year-over-year basis. During the same period in the previous year, the company earned ($1.27) earnings per share.

Sell-side analysts predict that Wayfair Inc. will post -2.66 EPS for the current year.

Wayfair Profile ( Free Report ) 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.

Featured Articles Five stocks we like better than Wayfair P/E Ratio Calculation: How to Assess Stocks Palo Alto Analysts Drive it to New Highs: 50% Upside Is Possible What Is WallStreetBets and What Stocks Are They Targeting? Roblox’s Growth Beyond Kids: Stock Set for Major Moves What is the S&P 500 and How It is Distinct from Other Indexes 5 Oversold Stocks to Buy Right Now Want to see what other hedge funds are holding W? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wayfair Inc. ( NYSE:W – Free Report ).

Receive News & Ratings for Wayfair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wayfair and related companies with MarketBeat.com's FREE daily email newsletter ..