Nisa Investment Advisors LLC Has $186,000 Stock Position in Wayfair Inc. (NYSE:W)

Nisa Investment Advisors LLC lessened its position in Wayfair Inc. (NYSE:W - Free Report) by 87.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,800 shares of the company's stock after selling 38,910 shares during the period. Nisa Investment Advisors LLC's holdings in Wayfair were worth $186,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Teacher Retirement System of Texas purchased a new stake in shares of Wayfair in the first quarter worth approximately $443,000. Summit Trail Advisors LLC purchased a new stake in Wayfair in the first quarter worth $320,000. Vontobel Holding Ltd. grew its position in shares of Wayfair by 182.7% in the first quarter. Vontobel Holding Ltd. now owns 33,717 shares of the company's stock valued at $1,080,000 after purchasing an additional 21,790 shares in the last quarter. Ameritas Advisory Services LLC grew its position in shares of Wayfair by 304.3% in the first quarter. Ameritas Advisory Services LLC now owns 20,916 shares of the company's stock valued at $672,000 after purchasing an additional 15,742 shares in the last quarter. Finally, Optas LLC boosted its stake in Wayfair by 103.3% during the first quarter. Optas LLC now owns 9,274 shares of the company's stock valued at $297,000 after buying an additional 4,712 shares during the period. Institutional investors and hedge funds own 89.67% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on W. Citigroup boosted their price target on Wayfair from $30.00 to $32.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Needham & Company LLC reiterated a "buy" rating and set a $50.00 target price on shares of Wayfair in a report on Thursday, May 1st. Truist Financial set a $40.00 target price on Wayfair in a report on Friday, May 2nd. Guggenheim cut their price target on Wayfair from $60.00 to $50.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Finally, Loop Capital restated a "sell" rating and issued a $35.00 price target on shares of Wayfair in a research note on Wednesday, May 14th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Wayfair has a consensus rating of "Moderate Buy" and an average price target of $46.72.

Insider Buying and Selling at Wayfair

In related news, insider Jon Blotner sold 13,857 shares of Wayfair stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $56.45, for a total value of $782,227.65. Following the transaction, the insider owned 91,263 shares in the company, valued at approximately $5,151,796.35. This trade represents a 13.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven Conine sold 7,094 shares of the firm's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $55.21, for a total value of $391,659.74. Following the completion of the transaction, the insider directly owned 229,073 shares in the company, valued at $12,647,120.33. This trade represents a 3.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 680,731 shares of company stock valued at $33,429,384 in the last quarter. Insiders own 21.91% of the company's stock.

Wayfair Trading Up 2.1%

NYSE:W opened at $56.52 on Friday. The stock has a fifty day moving average price of $46.48 and a 200 day moving average price of $40.81. Wayfair Inc. has a 12-month low of $20.41 and a 12-month high of $59.51. The firm has a market cap of $7.25 billion, a PE ratio of -19.83 and a beta of 2.97.

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

About Wayfair

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.

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