Nisa Investment Advisors LLC Raises Stock Position in Wayfair Inc. (NYSE:W)

Nisa Investment Advisors LLC grew its stake in shares of Wayfair Inc. (NYSE:W - Free Report) by 801.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 42,460 shares of the company's stock after buying an additional 37,750 shares during the quarter. Nisa Investment Advisors LLC's holdings in Wayfair were worth $2,385,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of W. Diversified Trust Co acquired a new position in shares of Wayfair during the first quarter valued at about $231,000. Principal Financial Group Inc. raised its holdings in shares of Wayfair by 17.7% during the first quarter. Principal Financial Group Inc. now owns 7,479 shares of the company's stock valued at $508,000 after purchasing an additional 1,125 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Wayfair by 250.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 167,170 shares of the company's stock valued at $11,347,000 after purchasing an additional 119,415 shares during the period. Daiwa Securities Group Inc. raised its holdings in shares of Wayfair by 118.1% during the first quarter. Daiwa Securities Group Inc. now owns 16,822 shares of the company's stock valued at $1,141,000 after purchasing an additional 9,108 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of Wayfair by 39.1% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,676 shares of the company's stock valued at $114,000 after purchasing an additional 471 shares during the period. Institutional investors own 89.67% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on W. Wedbush lowered their target price on shares of Wayfair from $60.00 to $50.00 and set an "outperform" rating on the stock in a report on Monday, October 28th. JPMorgan Chase & Co. lowered their target price on shares of Wayfair from $80.00 to $63.00 and set an "overweight" rating on the stock in a report on Friday, August 2nd. Guggenheim restated a "buy" rating and issued a $70.00 target price on shares of Wayfair in a report on Thursday, September 26th. Barclays lowered their target price on shares of Wayfair from $58.00 to $51.00 and set an "equal weight" rating on the stock in a report on Monday, August 5th. Finally, Needham & Company LLC restated a "buy" rating and issued a $60.00 target price on shares of Wayfair in a report on Friday. Twelve analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Wayfair presently has an average rating of "Moderate Buy" and a consensus price target of $64.21.

Insider Activity

In related news, insider Jon Blotner sold 6,055 shares of the business's stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $53.07, for a total transaction of $321,338.85. Following the completion of the sale, the insider now directly owns 62,817 shares in the company, valued at approximately $3,333,698.19. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, COO Thomas Netzer sold 1,011 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $49.42, for a total value of $49,963.62. Following the completion of the sale, the chief operating officer now directly owns 151,802 shares of the company's stock, valued at $7,502,054.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jon Blotner sold 6,055 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $53.07, for a total transaction of $321,338.85. Following the completion of the sale, the insider now directly owns 62,817 shares of the company's stock, valued at approximately $3,333,698.19. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,471 shares of company stock valued at $1,987,002 over the last three months. Insiders own 26.81% of the company's stock.

Wayfair Stock Down 6.3 %

Shares of W traded down $2.68 during trading hours on Friday, reaching $40.15. 16,645,916 shares of the company traded hands, compared to its average volume of 4,244,277. The company's fifty day moving average price is $48.69 and its two-hundred day moving average price is $52.35. The company has a market capitalization of $4.96 billion, a price-to-earnings ratio of -7.59 and a beta of 3.46. Wayfair Inc. has a 12 month low of $38.02 and a 12 month high of $76.18.

Wayfair (NYSE:W - Get Free Report) last issued its earnings results on Thursday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.03). The business had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.18 billion. The business's revenue was up .2% on a year-over-year basis. During the same period in the previous year, the business earned ($1.27) earnings per share. On average, analysts expect that Wayfair Inc. will post -2.68 EPS for the current 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.