TD Asset Management Inc. Acquires 4,073 Shares of Wayfair Inc. (NYSE:W)

TD Asset Management Inc. raised its holdings in shares of Wayfair Inc. (NYSE:W) by 22.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,270 shares of the company’s stock after purchasing an additional 4,073 shares during the period. TD Asset Management Inc.’s holdings in Wayfair were worth $5,690,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. The Manufacturers Life Insurance Company raised its position in shares of Wayfair by 0.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,400 shares of the company’s stock worth $2,336,000 after acquiring an additional 38 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of Wayfair by 1.1% in the 2nd quarter. CIBC Asset Management Inc now owns 3,711 shares of the company’s stock worth $1,172,000 after acquiring an additional 39 shares in the last quarter. Gulf International Bank UK Ltd raised its position in shares of Wayfair by 0.4% in the 2nd quarter. Gulf International Bank UK Ltd now owns 13,145 shares of the company’s stock worth $4,150,000 after acquiring an additional 50 shares in the last quarter. Signaturefd LLC raised its position in shares of Wayfair by 18.7% in the 3rd quarter. Signaturefd LLC now owns 324 shares of the company’s stock worth $83,000 after acquiring an additional 51 shares in the last quarter. Finally, Berman Capital Advisors LLC raised its position in shares of Wayfair by 11.9% in the 3rd quarter. Berman Capital Advisors LLC now owns 500 shares of the company’s stock worth $127,000 after acquiring an additional 53 shares in the last quarter. 85.66% of the stock is owned by institutional investors and hedge funds.

In related news, insider Steve Oblak sold 1,345 shares of Wayfair stock in a transaction dated Monday, October 18th. The stock was sold at an average price of $237.37, for a total value of $319,262.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO James R. Miller sold 3,985 shares of Wayfair stock in a transaction dated Tuesday, November 2nd. The stock was sold at an average price of $255.37, for a total value of $1,017,649.45. The disclosure for this sale can be found here. Insiders sold 104,600 shares of company stock worth $26,214,144 over the last ninety days. Insiders own 27.53% of the company’s stock.

A number of research firms recently weighed in on W. Citigroup reduced their price objective on Wayfair from $225.00 to $200.00 and set a “sell” rating for the company in a research report on Monday, November 8th. Wells Fargo & Company reduced their price objective on Wayfair from $250.00 to $195.00 in a research report on Wednesday, January 5th. Barclays reduced their price objective on Wayfair from $337.00 to $301.00 and set an “equal weight” rating for the company in a research report on Monday, November 8th. Morgan Stanley increased their target price on Wayfair from $195.00 to $200.00 and gave the company an “underweight” rating in a research note on Monday, November 8th. Finally, Cowen cut their target price on Wayfair from $380.00 to $355.00 and set an “outperform” rating on the stock in a research note on Thursday, October 7th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Wayfair currently has an average rating of “Hold” and a consensus price target of $286.62.

NYSE:W opened at $171.46 on Friday. The business’s 50-day simple moving average is $220.46 and its two-hundred day simple moving average is $254.30. The stock has a market cap of $17.93 billion, a PE ratio of 219.82 and a beta of 2.84. Wayfair Inc. has a 52 week low of $162.93 and a 52 week high of $355.96.

Wayfair (NYSE:W) last posted its quarterly earnings results on Thursday, November 4th. The company reported $0.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.13. Wayfair had a negative return on equity of 10.52% and a net margin of 0.67%. The business had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $3.24 billion. During the same period last year, the firm earned $1.80 earnings per share. The business’s quarterly revenue was down 18.7% on a year-over-year basis. As a group, research analysts forecast that Wayfair Inc. will post -0.83 EPS for the current year.

Wayfair Company Profile

Wayfair, Inc engages in an online home furnishing store. It operates through the U.S. and International segments. The U.S. segment consists of amounts earned through product sales through the Company’s five distinct sites in the U.S. and through websites operated by third parties in the U.S. The International segment is composed of earnings through products sales in international sites.

Further Reading: retirement calculator

Institutional Ownership by Quarter for Wayfair (NYSE:W)

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.