Teachers Retirement System of The State of Kentucky Raises Holdings in Wayfair Inc. (NYSE:W)

Teachers Retirement System of The State of Kentucky lifted its holdings in Wayfair Inc. (NYSE:W) by 16.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,436 shares of the company’s stock after buying an additional 20,884 shares during the quarter. Teachers Retirement System of The State of Kentucky owned 0.12% of Wayfair worth $8,283,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Southpoint Capital Advisors LP purchased a new position in Wayfair in the third quarter valued at about $78,652,000. Holocene Advisors LP increased its stake in Wayfair by 5,699.8% in the 3rd quarter. Holocene Advisors LP now owns 1,235,193 shares of the company’s stock valued at $69,393,000 after purchasing an additional 1,213,896 shares in the last quarter. Renaissance Technologies LLC raised 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 purchasing an additional 675,271 shares during the last quarter. Groupama Asset Managment boosted its position in Wayfair by 100.0% during the third quarter. Groupama Asset Managment now owns 1,000,000 shares of the company’s stock worth $56,180,000 after purchasing an additional 500,000 shares in the last quarter. Finally, Wolf Hill Capital Management LP grew its holdings 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 purchasing an additional 432,404 shares during the last quarter. Institutional investors and hedge funds own 89.67% of the company’s stock.

Wayfair Trading Down 3.0 %

Shares of NYSE:W opened at $53.26 on Friday. The stock has a 50-day simple moving average of $47.00 and a 200-day simple moving average of $49.12. Wayfair Inc. has a 1 year low of $37.35 and a 1 year high of $76.18.

Wayfair (NYSE:W) last released its quarterly earnings data on Friday, November 1st. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.09. The business had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.87 billion. During the same quarter in the prior year, the firm earned ($1.38) earnings per share. Wayfair’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, equities analysts predict that Wayfair Inc. will post -2.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

W has been the topic of several recent research reports. Argus lowered shares of Wayfair from a “buy” rating to a “hold” rating in a research report on Monday, August 26th. Truist Financial dropped their price objective on shares of Wayfair from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $60.00 target price on shares of Wayfair in a research note on Friday, November 1st. Robert W. Baird dropped their price target on Wayfair from $56.00 to $50.00 and set a “neutral” rating for the company in a research report on Monday, November 4th. Finally, Citigroup reduced their price objective on Wayfair from $70.00 to $54.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $60.28.

Insider Activity at Wayfair

In other news, COO Thomas Netzer sold 1,011 shares of the company’s 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 transaction, the chief operating officer now directly owns 151,802 shares in the company, valued at approximately $7,502,054.84. This represents a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Fiona Tan sold 10,040 shares of Wayfair stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $53.06, for a total transaction of $532,722.40. Following the sale, the chief technology officer now directly owns 84,655 shares in the company, valued at $4,491,794.30. This trade represents a 10.60 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 97,868 shares of company stock worth $4,866,748. Corporate insiders own 26.81% of the company’s stock.

About Wayfair

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.