Wayfair Inc. (NYSE:W) Stock Holdings Increased by Employees Retirement System of Texas

Employees Retirement System of Texas boosted its holdings in Wayfair Inc. (NYSE:W - Free Report) by 28.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,270 shares of the company's stock after acquiring an additional 7,813 shares during the period. Employees Retirement System of Texas' holdings in Wayfair were worth $1,563,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in W. J.Safra Asset Management Corp grew its holdings in shares of Wayfair by 71.3% in the fourth quarter. J.Safra Asset Management Corp now owns 586 shares of the company's stock valued at $26,000 after purchasing an additional 244 shares in the last quarter. True Wealth Design LLC boosted its stake in Wayfair by 207.1% in the fourth quarter. True Wealth Design LLC now owns 565 shares of the company's stock valued at $25,000 after acquiring an additional 381 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Wayfair by 577.0% during the fourth quarter. Jones Financial Companies Lllp now owns 589 shares of the company's stock worth $26,000 after purchasing an additional 502 shares in the last quarter. Arizona State Retirement System grew its stake in Wayfair by 2.4% during the 4th quarter. Arizona State Retirement System now owns 26,951 shares of the company's stock worth $1,194,000 after buying an additional 624 shares during the last quarter. Finally, Pictet Asset Management Holding SA increased its position in Wayfair by 5.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 12,531 shares of the company's stock worth $555,000 after buying an additional 690 shares during the period. Institutional investors and hedge funds own 89.67% of the company's stock.

Wayfair Trading Up 1.2%

Shares of NYSE W traded up $0.50 during trading on Thursday, reaching $42.85. The company had a trading volume of 4,994,542 shares, compared to its average volume of 4,752,998. The stock has a market capitalization of $5.50 billion, a PE ratio of -10.66 and a beta of 2.93. Wayfair Inc. has a twelve month low of $20.41 and a twelve month high of $62.43. The stock has a 50-day moving average price of $32.13 and a two-hundred day moving average price of $39.81.

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

Analyst Ratings Changes

Several research firms have recently weighed in on W. Needham & Company LLC reissued a "buy" rating and issued a $50.00 price objective on shares of Wayfair in a report on Thursday, May 1st. Piper Sandler set a $58.00 price objective on shares of Wayfair and gave the stock an "overweight" rating in a research report on Friday, February 21st. BMO Capital Markets set a $38.00 price objective on shares of Wayfair in a research note on Friday, May 2nd. JPMorgan Chase & Co. lowered their price target on Wayfair from $63.00 to $50.00 and set an "overweight" rating on the stock in a report on Monday, March 10th. Finally, Stifel Nicolaus cut their price target on Wayfair from $46.00 to $29.00 and set a "hold" rating for the company in a research note on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.83.

Insider Buying and Selling

In other news, insider Steven Conine sold 9,798 shares of Wayfair stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $40.02, for a total value of $392,115.96. Following the completion of the transaction, the insider now owns 549,275 shares in the company, valued at approximately $21,981,985.50. This trade represents a 1.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Fiona Tan sold 23,835 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $31.92, for a total transaction of $760,813.20. Following the sale, the chief technology officer now directly owns 111,128 shares in the company, valued at $3,547,205.76. This trade represents a 17.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 242,915 shares of company stock valued at $9,258,415. Company insiders own 21.91% of the company's stock.

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.