Wayfair Inc. (NYSE:W) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its position in Wayfair Inc. (NYSE:W) by 24.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,726 shares of the company’s stock after selling 28,261 shares during the quarter. New York State Common Retirement Fund owned 0.08% of Wayfair worth $5,474,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in W. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Wayfair in the fourth quarter worth about $29,000. BluePath Capital Management LLC acquired a new position in shares of Wayfair in the 3rd quarter valued at approximately $34,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Wayfair in the 3rd quarter valued at approximately $34,000. Flynn Zito Capital Management LLC purchased a new position in shares of Wayfair during the 4th quarter valued at approximately $249,000. Finally, Handelsinvest Investeringsforvaltning acquired a new stake in shares of Wayfair during the fourth quarter worth approximately $256,000. Hedge funds and other institutional investors own 89.67% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Sanford C. Bernstein upped their price target 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 reissued a “buy” rating and set a $80.00 target price on shares of Wayfair in a report on Friday, February 23rd. Truist Financial lifted their price target on shares of Wayfair from $63.00 to $70.00 and gave the company a “buy” rating in a report on Friday. Loop Capital increased their price objective on shares of Wayfair from $55.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, April 2nd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $75.00 target price on shares of Wayfair in a report on Thursday. One analyst has rated the stock with a sell rating, nine have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Wayfair presently has an average rating of “Moderate Buy” and a consensus target price of $76.45.

Insider Activity

In related news, COO Thomas Netzer sold 984 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $60.58, for a total value of $59,610.72. Following the completion of the transaction, the chief operating officer now owns 117,841 shares in the company, valued at approximately $7,138,807.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Wayfair news, insider Jon Blotner sold 4,144 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $60.52, for a total transaction of $250,794.88. Following the completion of the sale, the insider now directly owns 37,957 shares in the company, valued at approximately $2,297,157.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Thomas Netzer sold 984 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $60.58, for a total value of $59,610.72. Following the completion of the transaction, the chief operating officer now owns 117,841 shares in the company, valued at approximately $7,138,807.78. The disclosure for this sale can be found here. In the last 90 days, insiders sold 90,156 shares of company stock worth $5,465,688. Insiders own 26.81% of the company’s stock.

Wayfair Trading Up 8.4 %

NYSE W opened at $63.59 on Friday. Wayfair Inc. has a 12 month low of $33.85 and a 12 month high of $90.71. The company’s 50 day simple moving average is $59.92 and its 200 day simple moving average is $55.21.

Wayfair (NYSE:W) last released its earnings results on Thursday, February 22nd. The company reported ($1.46) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.54) by $0.08. The firm had revenue of $3.11 billion for the quarter, compared to analyst estimates of $3.10 billion. As a group, analysts predict that Wayfair Inc. will post -3.37 EPS for the current fiscal year.

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.