Wayfair Inc (NYSE:W)’s share price hit a new 52-week high on Wednesday . The company traded as high as $95.20 and last traded at $94.94, with a volume of 719594 shares traded. The stock had previously closed at $92.55.

A number of brokerages recently weighed in on W. Zacks Investment Research upgraded shares of Wayfair from a “sell” rating to a “hold” rating in a report on Saturday. Oppenheimer lifted their price objective on shares of Wayfair to $105.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Gordon Haskett cut shares of Wayfair from a “buy” rating to an “accumulate” rating in a research report on Wednesday, January 31st. MKM Partners set a $107.00 price objective on shares of Wayfair and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Finally, Stifel Nicolaus cut shares of Wayfair from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $82.00 to $90.00 in a research report on Monday, January 22nd. They noted that the move was a valuation call. Fourteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Wayfair has an average rating of “Hold” and a consensus price target of $80.11.

The company has a market capitalization of $8,082.12, a PE ratio of -37.02 and a beta of 1.05. The company has a current ratio of 1.19, a quick ratio of 1.17 and a debt-to-equity ratio of 135.98.

In related news, insider Steven Conine sold 2,000 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $93.77, for a total value of $187,540.00. Following the completion of the transaction, the insider now owns 34,894 shares of the company’s stock, valued at $3,272,010.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Michael D. Fleisher sold 4,628 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $66.81, for a total value of $309,196.68. The disclosure for this sale can be found here. In the last three months, insiders sold 57,330 shares of company stock valued at $4,615,069. 56.93% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Wayfair by 52.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,803 shares of the company’s stock valued at $145,000 after purchasing an additional 624 shares in the last quarter. Delta Asset Management LLC TN raised its stake in Wayfair by 375.0% in the third quarter. Delta Asset Management LLC TN now owns 1,900 shares of the company’s stock valued at $128,000 after purchasing an additional 1,500 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Wayfair by 1,512.5% in the third quarter. Advisors Asset Management Inc. now owns 2,322 shares of the company’s stock valued at $157,000 after purchasing an additional 2,178 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Wayfair by 78.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,403 shares of the company’s stock worth $193,000 after acquiring an additional 1,056 shares in the last quarter. Finally, Kennedy Capital Management Inc. acquired a new position in Wayfair during the fourth quarter worth about $215,000. 67.16% of the stock is owned by institutional investors and hedge funds.

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About Wayfair

Wayfair Inc (Wayfair) offers browsing, merchandising and product discovery for a range of products from various suppliers. The Company operates through two segments: U.S. and International. The U.S. segment consists of amounts earned through product sales through the Company’s five sites in the United States and through sites operated by third parties in the United States.

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