Ensign Peak Advisors Inc Has $9.78 Million Stock Holdings in Wayfair Inc. (NYSE:W)

Ensign Peak Advisors Inc grew its stake in Wayfair Inc. (NYSE:W) by 214.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 185,534 shares of the company’s stock after purchasing an additional 126,525 shares during the quarter. Ensign Peak Advisors Inc owned about 0.15% of Wayfair worth $9,783,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital World Investors increased its stake in Wayfair by 0.9% in the first quarter. Capital World Investors now owns 12,145,579 shares of the company’s stock valued at $824,442,000 after purchasing an additional 103,369 shares in the last quarter. Vanguard Group Inc. raised its stake in Wayfair by 4.5% during the 1st quarter. Vanguard Group Inc. now owns 8,467,900 shares of the company’s stock worth $574,801,000 after buying an additional 363,948 shares during the period. Renaissance Technologies LLC lifted its holdings in Wayfair by 28.0% during the second quarter. Renaissance Technologies LLC now owns 3,086,569 shares of the company’s stock worth $162,755,000 after acquiring an additional 675,271 shares in the last quarter. Wolf Hill Capital Management LP grew its stake in Wayfair by 22.9% in the second quarter. Wolf Hill Capital Management LP now owns 2,322,906 shares of the company’s stock valued at $122,487,000 after acquiring an additional 432,404 shares during the period. Finally, Norges Bank bought a new stake in shares of Wayfair in the fourth quarter worth about $47,374,000. 89.67% of the stock is currently owned by institutional investors.

Insider Transactions at Wayfair

In related news, CEO Niraj Shah sold 10,000 shares of the company’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $52.62, for a total transaction of $526,200.00. Following the sale, the chief executive officer now owns 209,137 shares in the company, valued at approximately $11,004,788.94. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Niraj Shah sold 10,000 shares of the stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $52.62, for a total transaction of $526,200.00. Following the transaction, the chief executive officer now owns 209,137 shares of the company’s stock, valued at approximately $11,004,788.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Thomas Netzer sold 1,011 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $49.42, for a total transaction of $49,963.62. Following the completion of the transaction, the chief operating officer now directly owns 151,802 shares in the company, valued at $7,502,054.84. The disclosure for this sale can be found here. Insiders sold a total of 41,113 shares of company stock worth $2,126,623 over the last three months. 26.81% of the stock is owned by company insiders.

Wayfair Stock Up 1.9 %

NYSE:W opened at $54.05 on Wednesday. The firm has a market capitalization of $6.51 billion, a PE ratio of -10.08 and a beta of 3.40. The stock’s 50-day simple moving average is $46.41 and its 200 day simple moving average is $54.70. Wayfair Inc. has a twelve month low of $38.02 and a twelve month high of $76.18.

Wayfair (NYSE:W) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.03). The company had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.18 billion. During the same quarter last year, the company posted ($1.27) earnings per share. The firm’s revenue was up .2% compared to the same quarter last year. On average, analysts anticipate that Wayfair Inc. will post -2.66 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Loop Capital cut their price target on shares of Wayfair from $60.00 to $50.00 and set a “hold” rating on the stock in a research note on Friday, June 21st. Stifel Nicolaus dropped their target price on Wayfair from $56.00 to $55.00 and set a “hold” rating on the stock in a report on Friday, August 2nd. The Goldman Sachs Group dropped their price target on shares of Wayfair from $67.00 to $54.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. StockNews.com upgraded Wayfair from a “sell” rating to a “hold” rating in a research note on Monday, August 5th. Finally, Raymond James cut their target price on shares of Wayfair from $70.00 to $65.00 and set a “strong-buy” rating for the company in a research note on Friday, August 2nd. Twelve analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $65.63.

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.