WINTON GROUP Ltd Acquires Shares of 34,700 Wayfair Inc. $W

WINTON GROUP Ltd bought a new position in shares of Wayfair Inc. (NYSE:W) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 34,700 shares of the company’s stock, valued at approximately $3,207,000.

Other large investors have also recently bought and sold shares of the company. Larson Financial Group LLC lifted its holdings in shares of Wayfair by 30.0% during the third quarter. Larson Financial Group LLC now owns 520 shares of the company’s stock valued at $46,000 after acquiring an additional 120 shares during the period. Parallel Advisors LLC lifted its holdings in Wayfair by 12.8% during the 4th quarter. Parallel Advisors LLC now owns 1,400 shares of the company’s stock valued at $141,000 after purchasing an additional 159 shares during the last quarter. Flynn Zito Capital Management LLC boosted its position in Wayfair by 6.4% in the first quarter. Flynn Zito Capital Management LLC now owns 2,775 shares of the company’s stock valued at $209,000 after buying an additional 168 shares in the last quarter. Utah Retirement Systems grew its stake in Wayfair by 3.3% during the fourth quarter. Utah Retirement Systems now owns 5,194 shares of the company’s stock worth $522,000 after buying an additional 168 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Wayfair by 3.0% during the second quarter. Daiwa Securities Group Inc. now owns 6,882 shares of the company’s stock worth $352,000 after buying an additional 200 shares in the last quarter. 89.67% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Niraj Shah sold 69,000 shares of the stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $103.36, for a total transaction of $7,131,840.00. Following the completion of the sale, the chief executive officer owned 360,137 shares of the company’s stock, valued at $37,223,760.32. This represents a 16.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jon Blotner sold 6,968 shares of the business’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $100.22, for a total value of $698,332.96. Following the completion of the sale, the insider owned 110,376 shares in the company, valued at approximately $11,061,882.72. This trade represents a 5.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 150,893 shares of company stock worth $15,532,531 over the last ninety days. 18.44% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently commented on W shares. TD Cowen boosted their target price on Wayfair from $75.00 to $110.00 and gave the stock a “hold” rating in a report on Wednesday, August 5th. Weiss Ratings raised shares of Wayfair from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, June 17th. Rosenblatt Securities began coverage on shares of Wayfair in a research report on Thursday, August 20th. They set a “buy” rating and a $125.00 target price on the stock. Needham & Company LLC increased their price target on shares of Wayfair from $83.00 to $133.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, Robert W. Baird set a $116.00 price target on shares of Wayfair in a report on Wednesday, August 5th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $119.89.

Wayfair Price Performance

W opened at $98.73 on Friday. Wayfair Inc. has a fifty-two week low of $55.60 and a fifty-two week high of $119.98. The company has a market cap of $13.03 billion, a price-to-earnings ratio of -40.14, a price-to-earnings-growth ratio of 3.50 and a beta of 2.99. The firm has a 50 day simple moving average of $96.67 and a 200 day simple moving average of $82.69.

Wayfair (NYSE:W) last released its earnings results on Tuesday, August 4th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.05. The firm had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.47 billion. Wayfair had a negative return on equity of 3.40% and a negative net margin of 2.49%.The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.87 earnings per share. As a group, analysts expect that Wayfair Inc. will post 0.93 EPS for the current year.

Wayfair Profile

Wayfair Inc is an e-commerce company focused on furniture, home furnishings and décor. Its online platform offers a broad assortment of products for rooms throughout the home, including furniture, mattresses, rugs, lighting, kitchen and dining items, outdoor furnishings, home improvement products and décor.

The company operates through the Wayfair brand and specialized retail brands such as Joss & Main, AllModern, Birch Lane and Perigold. It also serves business customers through Wayfair Professional, which provides products and services for commercial, hospitality and design-related projects.