Ensign Peak Advisors Inc Sells 1,098 Shares of Wayfair Inc. (NYSE:W)

Ensign Peak Advisors Inc reduced its stake in Wayfair Inc. (NYSE:W – Get Rating) by 1.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,855 shares of the company’s stock after selling 1,098 shares during the quarter. Ensign Peak Advisors Inc owned 0.06% of Wayfair worth $2,013,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Swiss National Bank increased its stake in Wayfair by 2.0% in the 2nd quarter. Swiss National Bank now owns 327,177 shares of the company’s stock valued at $14,252,000 after buying an additional 6,300 shares during the last quarter. Aigen Investment Management LP acquired a new stake in Wayfair in the 3rd quarter valued at $241,000. Delphia USA Inc. acquired a new stake in Wayfair in the 3rd quarter valued at $421,000. Allstate Corp acquired a new position in shares of Wayfair during the 3rd quarter worth about $345,000. Finally, Brandywine Global Investment Management LLC acquired a new position in shares of Wayfair during the 3rd quarter worth about $5,046,000. 90.61% of the stock is owned by institutional investors.

Wayfair Stock Down 6.1 %

Shares of Wayfair stock opened at $36.23 on Friday. The company has a 50 day moving average of $47.62 and a 200-day moving average of $41.89. Wayfair Inc. has a 1-year low of $28.11 and a 1-year high of $130.58.

Wayfair (NYSE:W – Get Rating) last issued its quarterly earnings results on Thursday, February 23rd. The company reported ($3.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($3.04) by ($0.15). The firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.06 billion. As a group, equities analysts forecast that Wayfair Inc. will post -9.33 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Steve Oblak sold 3,402 shares of the company’s stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $33.36, for a total transaction of $113,490.72. Following the completion of the transaction, the insider now directly owns 181,795 shares in the company, valued at approximately $6,064,681.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Wayfair news, CFO Kate Gulliver sold 1,442 shares of the company’s stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $38.61, for a total value of $55,675.62. Following the completion of the transaction, the chief financial officer now directly owns 24,269 shares in the company, valued at approximately $937,026.09. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Steve Oblak sold 3,402 shares of the company’s stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $33.36, for a total transaction of $113,490.72. Following the completion of the transaction, the insider now owns 181,795 shares of the company’s stock, valued at $6,064,681.20. The disclosure for this sale can be found here. Insiders sold a total of 43,523 shares of company stock worth $1,949,558 in the last three months. 26.81% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

W has been the topic of several recent analyst reports. Gordon Haskett lowered their price objective on shares of Wayfair from $62.00 to $40.00 in a research note on Thursday, February 23rd. Stephens lowered their price objective on shares of Wayfair from $48.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Friday, February 24th. Barclays lowered their price objective on shares of Wayfair from $70.00 to $40.00 in a research note on Monday, February 27th. Piper Sandler boosted their price objective on shares of Wayfair from $40.00 to $62.00 and gave the stock a “neutral” rating in a research note on Thursday, February 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $70.00 price target on shares of Wayfair in a research note on Friday, February 24th. Six equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Wayfair currently has an average rating of “Hold” and an average target price of $53.14.

About Wayfair

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Wayfair, Inc engages in an online home furnishing store. It operates through the U.S. and International segments. The U.S. segment consists of amounts earned through product sales through the company’s five distinct sites in the U.S. and through websites operated by third parties in the U.S. The International segment is composed of earnings through product sales in international sites.