New York State Common Retirement Fund Has $5.47 Million Stock Holdings in Wayfair Inc. (NYSE:W)

New York State Common Retirement Fund reduced its stake in shares of Wayfair Inc. (NYSE:W) by 24.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 88,726 shares of the company’s stock after selling 28,261 shares during the period. New York State Common Retirement Fund’s holdings in Wayfair were worth $5,474,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Wayfair during the fourth quarter worth about $29,000. BluePath Capital Management LLC bought a new stake in Wayfair in the 3rd quarter valued at approximately $34,000. DekaBank Deutsche Girozentrale acquired a new position in Wayfair during the 3rd quarter worth approximately $34,000. Flynn Zito Capital Management LLC bought a new position in shares of Wayfair during the 4th quarter worth approximately $249,000. Finally, Handelsinvest Investeringsforvaltning bought a new position in shares of Wayfair during the 4th quarter worth approximately $256,000. 89.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Wayfair

In related news, CEO Niraj Shah sold 1,700 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $52.02, for a total transaction of $88,434.00. Following the sale, the chief executive officer now owns 267,437 shares in the company, valued at approximately $13,912,072.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Jon Blotner sold 3,492 shares of Wayfair stock in a transaction on Monday, February 5th. The shares were sold at an average price of $50.34, for a total transaction of $175,787.28. Following the transaction, the insider now owns 32,118 shares in the company, valued at $1,616,820.12. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Niraj Shah sold 1,700 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $52.02, for a total value of $88,434.00. Following the transaction, the chief executive officer now directly owns 267,437 shares of the company’s stock, valued at $13,912,072.74. The disclosure for this sale can be found here. Insiders sold a total of 90,156 shares of company stock valued at $5,465,688 in the last quarter. Insiders own 26.81% of the company’s stock.

Wayfair Stock Performance

Shares of W opened at $63.59 on Friday. The firm has a 50 day simple moving average of $59.92 and a two-hundred day simple moving average of $55.21. Wayfair Inc. has a one year low of $33.85 and a one year high of $90.71.

Wayfair (NYSE:W) last posted its quarterly earnings results on Thursday, February 22nd. The company reported ($1.46) EPS for the quarter, topping analysts’ consensus estimates of ($1.54) by $0.08. The business had revenue of $3.11 billion for the quarter, compared to analyst estimates of $3.10 billion. On average, analysts expect that Wayfair Inc. will post -3.37 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on W. Citigroup increased their target price on shares of Wayfair from $73.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Piper Sandler restated an “overweight” rating and issued a $91.00 price objective (up previously from $88.00) on shares of Wayfair in a report on Friday. Sanford C. Bernstein lifted their target price on Wayfair from $50.00 to $55.00 and gave the company a “market perform” rating in a research report on Friday. Canaccord Genuity Group restated a “buy” rating and issued a $80.00 price target on shares of Wayfair in a research note on Friday, February 23rd. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $80.00 price target on shares of Wayfair in a research report on Monday, March 25th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $76.45.

Wayfair 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.