Wayfair Inc. (NYSE:W) Shares Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its stake in shares of Wayfair Inc. (NYSE:W) by 8.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,981 shares of the company’s stock after purchasing an additional 1,355 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Wayfair were worth $948,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in W. Riverview Trust Co bought a new position in Wayfair in the 1st quarter worth about $27,000. ORG Partners LLC acquired a new stake in Wayfair in the 1st quarter valued at approximately $37,000. International Assets Investment Management LLC acquired a new stake in Wayfair in the 2nd quarter valued at approximately $58,000. Comerica Bank raised its stake in Wayfair by 210.9% during the 1st quarter. Comerica Bank now owns 1,222 shares of the company’s stock valued at $83,000 after acquiring an additional 829 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in Wayfair during the 2nd quarter worth $109,000. 89.67% of the stock is currently owned by institutional investors.

Wayfair Stock Up 0.1 %

Shares of NYSE:W opened at $54.35 on Monday. The company’s fifty day moving average is $47.16 and its two-hundred day moving average is $54.03. The company has a market cap of $6.54 billion, a P/E ratio of -10.14 and a beta of 3.42. Wayfair Inc. has a 12-month low of $38.02 and a 12-month high of $76.18.

Wayfair (NYSE:W) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.03). The company had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.18 billion. During the same quarter last year, the firm earned ($1.27) earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year. Equities research analysts anticipate that Wayfair Inc. will post -2.68 earnings per share for the current year.

Wall Street Analysts Forecast Growth

W has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Wayfair from $87.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. StockNews.com raised shares of Wayfair from a “sell” rating to a “hold” rating in a research note on Monday, August 5th. Raymond James decreased their price objective on shares of Wayfair from $70.00 to $65.00 and set a “strong-buy” rating for the company in a report on Friday, August 2nd. Wedbush dropped their target price on Wayfair from $70.00 to $60.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Finally, Bank of America lowered Wayfair from a “buy” rating to a “neutral” rating and decreased their price target for the company from $85.00 to $58.00 in a research note on Thursday, August 1st. Twelve equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $65.83.

Insider Activity

In related news, COO Thomas Netzer sold 1,011 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $49.42, for a total transaction of $49,963.62. Following the completion of the sale, the chief operating officer now directly owns 151,802 shares in the company, valued at approximately $7,502,054.84. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CTO Fiona Tan sold 10,040 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $53.06, for a total transaction of $532,722.40. Following the completion of the sale, the chief technology officer now directly owns 84,655 shares of the company’s stock, valued at $4,491,794.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Thomas Netzer sold 1,011 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $49.42, for a total value of $49,963.62. Following the completion of the sale, the chief operating officer now directly owns 151,802 shares of the company’s stock, valued at approximately $7,502,054.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,291 shares of company stock worth $1,760,653 in the last 90 days. Company insiders own 26.81% of the company’s stock.

Wayfair Company Profile

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.