Ensign Peak Advisors Inc Boosts Stock Position in Wayfair Inc. (NYSE:W)

Ensign Peak Advisors Inc raised its stake in shares of Wayfair Inc. (NYSE:W - Free Report) by 10.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 235,886 shares of the company's stock after purchasing an additional 23,000 shares during the period. Ensign Peak Advisors Inc owned 0.19% of Wayfair worth $10,454,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Contour Asset Management LLC increased its holdings in shares of Wayfair by 18.7% in the 4th quarter. Contour Asset Management LLC now owns 835,455 shares of the company's stock valued at $37,027,000 after acquiring an additional 131,455 shares during the period. Brevan Howard Capital Management LP lifted its position in Wayfair by 14.4% during the 4th quarter. Brevan Howard Capital Management LP now owns 63,217 shares of the company's stock worth $2,802,000 after acquiring an additional 7,943 shares during the period. Bastion Asset Management Inc. acquired a new stake in Wayfair during the 4th quarter worth about $1,340,000. Bayesian Capital Management LP acquired a new stake in Wayfair during the 4th quarter worth about $900,000. Finally, Benchstone Capital Management LP acquired a new stake in Wayfair during the 4th quarter worth about $16,149,000. 89.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wedbush raised Wayfair to a "hold" rating in a report on Thursday, May 1st. Bank of America boosted their price objective on Wayfair from $36.00 to $43.00 and gave the stock a "neutral" rating in a research note on Wednesday. Citigroup upped their price target on Wayfair from $30.00 to $32.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Stifel Nicolaus decreased their price objective on Wayfair from $46.00 to $29.00 and set a "hold" rating on the stock in a report on Wednesday, April 23rd. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $25.00 price target on shares of Wayfair in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Wayfair currently has an average rating of "Moderate Buy" and an average target price of $43.83.

Insider Buying and Selling

In other Wayfair news, CEO Niraj Shah sold 5,725 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $40.10, for a total transaction of $229,572.50. Following the completion of the sale, the chief executive officer now directly owns 543,885 shares in the company, valued at $21,809,788.50. The trade was a 1.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Steven Conine sold 30,000 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $46.33, for a total value of $1,389,900.00. Following the transaction, the insider now owns 559,073 shares of the company's stock, valued at approximately $25,901,852.09. This trade represents a 5.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 122,826 shares of company stock worth $4,587,201. Insiders own 21.91% of the company's stock.

Wayfair Price Performance

Shares of Wayfair stock traded up $0.15 during trading on Thursday, reaching $38.68. 4,929,804 shares of the company traded hands, compared to its average volume of 4,728,030. Wayfair Inc. has a 1-year low of $20.41 and a 1-year high of $71.15. The company has a 50 day moving average price of $30.92 and a 200-day moving average price of $40.05. The firm has a market capitalization of $4.91 billion, a PE ratio of -9.62 and a beta of 2.93.

Wayfair (NYSE:W - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.24. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.71 billion. The business's revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.32) EPS. Equities research analysts expect that Wayfair Inc. will post -2.54 earnings per share for the current year.

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.