Wayfair Inc. (NYSE:W) Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its stake in shares of Wayfair Inc. (NYSE:W) by 5.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,710 shares of the company’s stock after purchasing an additional 2,250 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Wayfair were worth $1,982,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new position in shares of Wayfair during the third quarter worth about $29,000. GAMMA Investing LLC grew its holdings in Wayfair by 65.5% during the 4th quarter. GAMMA Investing LLC now owns 710 shares of the company’s stock worth $31,000 after acquiring an additional 281 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Wayfair in the 3rd quarter valued at approximately $44,000. Brooklyn Investment Group acquired a new stake in shares of Wayfair in the 3rd quarter valued at $50,000. Finally, Northwest & Ethical Investments L.P. purchased a new stake in shares of Wayfair during the 3rd quarter worth $67,000. Hedge funds and other institutional investors own 89.67% of the company’s stock.

Wayfair Trading Up 1.5 %

NYSE W opened at $48.70 on Monday. The stock has a market capitalization of $6.10 billion, a price-to-earnings ratio of -10.85 and a beta of 3.43. The business’s 50 day moving average is $46.58 and its two-hundred day moving average is $47.13. Wayfair Inc. has a 12-month low of $37.35 and a 12-month high of $76.18.

Wayfair (NYSE:W) last announced its quarterly earnings data on Friday, November 1st. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.09. The business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same period in the prior year, the company earned ($1.38) EPS. The company’s revenue was down 2.0% on a year-over-year basis. Equities analysts forecast that Wayfair Inc. will post -2.91 earnings per share for the current fiscal year.

Insider Activity

In other Wayfair news, COO Thomas Netzer sold 1,039 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $50.65, for a total transaction of $52,625.35. Following the completion of the transaction, the chief operating officer now directly owns 171,790 shares in the company, valued at approximately $8,701,163.50. This trade represents a 0.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Steven Conine sold 30,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $42.31, for a total transaction of $1,269,300.00. Following the completion of the sale, the insider now directly owns 179,073 shares in the company, valued at $7,576,578.63. This trade represents a 14.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 164,150 shares of company stock worth $7,703,614 in the last 90 days. 26.81% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Piper Sandler dropped their target price on Wayfair from $67.00 to $63.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. Deutsche Bank Aktiengesellschaft cut their target price on Wayfair from $69.00 to $46.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Stifel Nicolaus dropped their price target on shares of Wayfair from $55.00 to $47.00 and set a “hold” rating on the stock in a research note on Monday, November 4th. Wedbush downgraded shares of Wayfair from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $45.00 to $44.00 in a research report on Monday, January 6th. Finally, Citigroup dropped their target price on shares of Wayfair from $70.00 to $54.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Fourteen analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $60.24.

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.