California Public Employees Retirement System Has $5.67 Million Position in Wayfair Inc. (NYSE:W)

California Public Employees Retirement System reduced its holdings in shares of Wayfair Inc. (NYSE:WGet Rating) by 5.1% during the 2nd quarter, Holdings Channel.com reports. The fund owned 130,216 shares of the company’s stock after selling 6,969 shares during the period. California Public Employees Retirement System’s holdings in Wayfair were worth $5,672,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in W. Elequin Capital LP acquired a new position in Wayfair in the first quarter valued at about $45,000. CWM LLC boosted its position in Wayfair by 186.3% in the second quarter. CWM LLC now owns 1,088 shares of the company’s stock valued at $47,000 after buying an additional 708 shares in the last quarter. Captrust Financial Advisors boosted its position in Wayfair by 102.6% in the first quarter. Captrust Financial Advisors now owns 780 shares of the company’s stock valued at $86,000 after buying an additional 395 shares in the last quarter. US Bancorp DE boosted its position in Wayfair by 29.3% in the second quarter. US Bancorp DE now owns 2,023 shares of the company’s stock valued at $88,000 after buying an additional 459 shares in the last quarter. Finally, Manchester Capital Management LLC acquired a new position in Wayfair in the first quarter valued at about $111,000. 91.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Wayfair

In other news, insider Steve Oblak sold 1,687 shares of the stock in a transaction on Friday, September 16th. The shares were sold at an average price of $46.59, for a total transaction of $78,597.33. Following the completion of the sale, the insider now owns 160,746 shares of the company’s stock, valued at $7,489,156.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Michael D. Fleisher sold 5,617 shares of the stock in a transaction on Tuesday, October 18th. The shares were sold at an average price of $35.02, for a total transaction of $196,707.34. Following the completion of the sale, the chief financial officer now owns 74,797 shares of the company’s stock, valued at $2,619,390.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steve Oblak sold 1,687 shares of the stock in a transaction on Friday, September 16th. The stock was sold at an average price of $46.59, for a total transaction of $78,597.33. Following the sale, the insider now directly owns 160,746 shares of the company’s stock, valued at approximately $7,489,156.14. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,309 shares of company stock valued at $1,054,126. Corporate insiders own 26.81% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on W. Credit Suisse Group reduced their price target on shares of Wayfair from $150.00 to $122.00 and set an “outperform” rating on the stock in a research report on Monday, October 31st. Cowen lowered shares of Wayfair from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $80.00 to $38.00 in a research report on Monday. The Goldman Sachs Group upped their target price on shares of Wayfair from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, November 4th. Wedbush upped their target price on shares of Wayfair from $50.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, August 5th. Finally, Truist Financial reduced their target price on shares of Wayfair from $60.00 to $50.00 in a research report on Monday, November 7th. Ten equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $74.37.

Wayfair Stock Performance

Shares of NYSE:W opened at $32.91 on Friday. Wayfair Inc. has a 52 week low of $28.11 and a 52 week high of $298.00. The company has a market capitalization of $3.53 billion, a PE ratio of -2.94 and a beta of 2.92. The company has a 50 day moving average price of $35.27 and a two-hundred day moving average price of $47.70.

Wayfair Profile

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Wayfair Inc engages in the e-commerce business in the United States and internationally. The company provides approximately thirty-three million products for the home sector under various brands. It offers online selections of furniture, décor, housewares, and home improvement products through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold brands.

See Also

Want to see what other hedge funds are holding W? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wayfair Inc. (NYSE:WGet Rating).

Institutional Ownership by Quarter for Wayfair (NYSE:W)

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