Wayfair Inc (NYSE:W) Shares Sold by Public Employees Retirement System of Ohio

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Public Employees Retirement System of Ohio decreased its position in Wayfair Inc (NYSE:W) by 35.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,064 shares of the company’s stock after selling 10,693 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Wayfair were worth $2,783,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of W. Advisor Group Inc. grew its position in shares of Wayfair by 9.0% during the second quarter. Advisor Group Inc. now owns 1,076 shares of the company’s stock worth $156,000 after buying an additional 89 shares in the last quarter. World Asset Management Inc grew its position in shares of Wayfair by 5.5% during the second quarter. World Asset Management Inc now owns 2,045 shares of the company’s stock worth $299,000 after buying an additional 107 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of Wayfair by 1.8% during the first quarter. Nomura Asset Management Co. Ltd. now owns 8,090 shares of the company’s stock worth $1,201,000 after buying an additional 140 shares in the last quarter. Prudential Financial Inc. grew its position in shares of Wayfair by 6.7% during the second quarter. Prudential Financial Inc. now owns 3,180 shares of the company’s stock worth $464,000 after buying an additional 200 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ grew its position in shares of Wayfair by 2.7% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 8,370 shares of the company’s stock worth $1,222,000 after buying an additional 217 shares in the last quarter. 75.98% of the stock is owned by institutional investors.

W traded down $1.00 during trading hours on Monday, hitting $131.71. 30,456 shares of the stock were exchanged, compared to its average volume of 2,002,671. The stock has a 50-day simple moving average of $120.43 and a 200-day simple moving average of $144.40. Wayfair Inc has a 12 month low of $76.60 and a 12 month high of $173.72. The stock has a market cap of $12.36 billion, a price-to-earnings ratio of -23.47 and a beta of 1.93.

Wayfair (NYSE:W) last posted its earnings results on Thursday, August 1st. The company reported ($1.35) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.97) by $0.62. The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.26 billion. The business’s quarterly revenue was up 41.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.77) earnings per share. As a group, equities research analysts anticipate that Wayfair Inc will post -9.43 earnings per share for the current fiscal year.

W has been the subject of a number of recent analyst reports. Credit Suisse Group decreased their price target on shares of Wayfair from $195.00 to $165.00 and set an “outperform” rating for the company in a research report on Tuesday, July 30th. Goldman Sachs Group initiated coverage on shares of Wayfair in a research report on Tuesday, September 3rd. They set a “buy” rating and a $145.00 price target for the company. Deutsche Bank decreased their price target on shares of Wayfair from $175.00 to $160.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Piper Jaffray Companies set a $175.00 price target on shares of Wayfair and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, Wedbush decreased their price target on shares of Wayfair from $140.00 to $130.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and fifteen have issued a buy rating to the stock. Wayfair presently has a consensus rating of “Buy” and an average target price of $155.59.

In other Wayfair news, insider Edmond Macri sold 300 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $122.80, for a total value of $36,840.00. Following the sale, the insider now directly owns 950 shares in the company, valued at $116,660. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider James R. Miller sold 1,656 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $111.17, for a total value of $184,097.52. Following the completion of the sale, the insider now owns 8,865 shares in the company, valued at $985,522.05. The disclosure for this sale can be found here. Insiders sold 22,451 shares of company stock worth $3,178,343 over the last quarter. 33.86% of the stock is currently owned by company insiders.

About Wayfair

Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. It provides approximately 14 million products for the home sector under various brands. The company offers selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold.

Read More: Certificate of Deposit (CD)

Institutional Ownership by Quarter for Wayfair (NYSE:W)

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