Wayfair Inc. $W Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc cut its stake in Wayfair Inc. (NYSE:W) by 96.3% in the second quarter, HoldingsChannel reports. The firm owned 28,225 shares of the company’s stock after selling 728,121 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Wayfair were worth $1,443,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Alyeska Investment Group L.P. grew its holdings in shares of Wayfair by 681.8% during the first quarter. Alyeska Investment Group L.P. now owns 5,462,651 shares of the company’s stock worth $174,969,000 after purchasing an additional 4,763,944 shares during the last quarter. Southpoint Capital Advisors LP increased its position in Wayfair by 42.9% during the 1st quarter. Southpoint Capital Advisors LP now owns 4,000,000 shares of the company’s stock worth $128,120,000 after purchasing an additional 1,200,000 shares during the period. Beck Bode LLC purchased a new stake in Wayfair during the first quarter worth about $13,322,000. MetLife Investment Management LLC increased its stake in Wayfair by 18,338.6% in the 1st quarter. MetLife Investment Management LLC now owns 308,478 shares of the company’s stock valued at $9,881,000 after purchasing an additional 306,805 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Wayfair by 111.7% in the 1st quarter. AQR Capital Management LLC now owns 524,072 shares of the company’s stock worth $16,786,000 after buying an additional 276,471 shares in the last quarter. 89.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

W has been the topic of a number of recent analyst reports. UBS Group increased their price target on Wayfair from $102.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Royal Bank Of Canada raised their price objective on Wayfair from $51.00 to $86.00 and gave the stock a “sector perform” rating in a report on Thursday, October 30th. Oppenheimer lifted their price objective on Wayfair from $100.00 to $144.00 and gave the company an “outperform” rating in a research note on Wednesday, November 12th. The Goldman Sachs Group increased their target price on shares of Wayfair from $80.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Finally, Evercore ISI raised their price target on shares of Wayfair from $100.00 to $115.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Wayfair currently has an average rating of “Moderate Buy” and an average price target of $105.57.

Wayfair Price Performance

NYSE:W opened at $111.00 on Friday. The firm has a 50-day moving average of $93.66 and a two-hundred day moving average of $72.57. The stock has a market cap of $14.47 billion, a P/E ratio of -43.36 and a beta of 3.03. Wayfair Inc. has a 1-year low of $20.41 and a 1-year high of $114.92.

Wayfair (NYSE:W) last released its quarterly earnings results on Tuesday, October 28th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.44 by $0.26. The business had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same quarter last year, the firm posted $0.22 EPS. The company’s revenue was up 8.1% compared to the same quarter last year. As a group, equities analysts expect that Wayfair Inc. will post -2.54 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Niraj Shah sold 150,000 shares of Wayfair stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $105.91, for a total value of $15,886,500.00. Following the sale, the chief executive officer directly owned 729,137 shares in the company, valued at $77,222,899.67. This trade represents a 17.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Steven Conine sold 150,000 shares of the company’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $105.92, for a total transaction of $15,888,000.00. Following the completion of the transaction, the insider owned 729,073 shares of the company’s stock, valued at approximately $77,223,412.16. This trade represents a 17.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 955,959 shares of company stock valued at $88,260,274 over the last three months. Corporate insiders own 21.91% of the company’s stock.

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.