California State Teachers Retirement System lifted its stake in shares of Wayfair Inc (NYSE:W) by 0.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 95,810 shares of the company’s stock after buying an additional 376 shares during the period. California State Teachers Retirement System’s holdings in Wayfair were worth $14,223,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in W. Baillie Gifford & Co. grew its position in shares of Wayfair by 32.6% during the 4th quarter. Baillie Gifford & Co. now owns 3,773,309 shares of the company’s stock worth $339,899,000 after buying an additional 927,813 shares during the period. Polar Capital LLP acquired a new stake in shares of Wayfair during the 4th quarter worth approximately $37,227,000. Whale Rock Capital Management LLC acquired a new stake in shares of Wayfair during the 4th quarter worth approximately $32,169,000. Vanguard Group Inc grew its position in shares of Wayfair by 7.5% during the 3rd quarter. Vanguard Group Inc now owns 4,761,964 shares of the company’s stock worth $703,199,000 after buying an additional 332,832 shares during the period. Finally, Norges Bank acquired a new stake in shares of Wayfair during the 4th quarter worth approximately $29,209,000. 80.20% of the stock is owned by institutional investors.

In related news, insider Edmond Macri sold 300 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $144.42, for a total value of $43,326.00. Following the sale, the insider now directly owns 950 shares in the company, valued at approximately $137,199. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Andrew Kumin acquired 3,000 shares of the stock in a transaction that occurred on Tuesday, May 14th. The stock was purchased at an average price of $141.04 per share, for a total transaction of $423,120.00. The disclosure for this purchase can be found here. Insiders have sold a total of 281,960 shares of company stock worth $43,702,211 over the last quarter. Company insiders own 33.86% of the company’s stock.

Several analysts recently issued reports on W shares. Deutsche Bank lifted their price target on shares of Wayfair from $124.00 to $168.00 and gave the company a “buy” rating in a research report on Monday, February 25th. Credit Suisse Group lifted their price target on shares of Wayfair from $130.00 to $192.00 and gave the company an “outperform” rating in a research report on Monday, February 25th. Evercore ISI started coverage on shares of Wayfair in a research report on Wednesday, March 20th. They issued an “outperform” rating and a $200.00 price target for the company. Wells Fargo & Co reissued a “hold” rating and issued a $145.00 price target on shares of Wayfair in a research report on Friday, February 22nd. Finally, Robert W. Baird lifted their price target on shares of Wayfair from $108.00 to $150.00 and gave the company a “neutral” rating in a research report on Monday, February 25th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $151.73.

Shares of NYSE:W opened at $141.53 on Tuesday. Wayfair Inc has a 1-year low of $76.60 and a 1-year high of $173.72. The firm has a market cap of $13.20 billion, a price-to-earnings ratio of -25.23 and a beta of 2.03.

Wayfair (NYSE:W) last issued its quarterly earnings data on Thursday, May 2nd. The company reported ($1.62) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($0.02). The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the previous year, the business posted ($0.91) EPS. The company’s quarterly revenue was up 38.5% on a year-over-year basis. On average, equities research analysts anticipate that Wayfair Inc will post -8.34 earnings per share for the current year.

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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.

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Institutional Ownership by Quarter for Wayfair (NYSE:W)

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