Canada Pension Plan Investment Board Acquires 358,100 Shares of Wayfair Inc. (NYSE:W)

Canada Pension Plan Investment Board increased its stake in Wayfair Inc. (NYSE:WFree Report) by 3,978.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 367,100 shares of the company’s stock after buying an additional 358,100 shares during the period. Canada Pension Plan Investment Board owned 0.32% of Wayfair worth $22,235,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Holocene Advisors LP lifted its position in Wayfair by 2,236.9% during the second quarter. Holocene Advisors LP now owns 1,067,252 shares of the company’s stock valued at $69,382,000 after acquiring an additional 1,021,583 shares during the last quarter. Norges Bank purchased a new stake in shares of Wayfair during the 4th quarter valued at $28,044,000. Alyeska Investment Group L.P. acquired a new stake in shares of Wayfair in the 1st quarter worth $18,969,000. Renaissance Technologies LLC purchased a new position in Wayfair during the 2nd quarter worth $35,482,000. Finally, Wellington Management Group LLP purchased a new position in Wayfair during the 1st quarter worth $13,642,000. Institutional investors own 89.67% of the company’s stock.

Insider Buying and Selling

In related news, COO Thomas Netzer sold 982 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $62.87, for a total value of $61,738.34. Following the sale, the chief operating officer now directly owns 118,715 shares of the company’s stock, valued at $7,463,612.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, COO Thomas Netzer sold 982 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $62.87, for a total transaction of $61,738.34. Following the sale, the chief operating officer now directly owns 118,715 shares of the company’s stock, valued at approximately $7,463,612.05. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Steven Conine sold 10,000 shares of Wayfair stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $52.37, for a total value of $523,700.00. Following the completion of the transaction, the insider now owns 289,073 shares of the company’s stock, valued at $15,138,753.01. The disclosure for this sale can be found here. Insiders have sold 61,310 shares of company stock valued at $3,329,709 in the last quarter. Company insiders own 26.81% of the company’s stock.

Wayfair Stock Up 1.6 %

Shares of Wayfair stock opened at $52.42 on Monday. Wayfair Inc. has a twelve month low of $29.51 and a twelve month high of $90.71. The company has a fifty day moving average price of $56.75 and a 200 day moving average price of $58.67.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on W. Wedbush cut their price target on shares of Wayfair from $80.00 to $65.00 and set an “outperform” rating on the stock in a research note on Thursday, November 2nd. StockNews.com lowered shares of Wayfair from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Truist Financial increased their price target on shares of Wayfair from $67.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Guggenheim reduced their price objective on shares of Wayfair from $100.00 to $65.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. Finally, Morgan Stanley upgraded shares of Wayfair from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $60.00 to $80.00 in a report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $74.38.

Read Our Latest Stock Report on Wayfair

Wayfair Profile

(Free Report)

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, d├ęcor, housewares, and home improvement products through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, Perigold, and Wayfair Professional.

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Institutional Ownership by Quarter for Wayfair (NYSE:W)

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