Wayfair Inc. $W Shares Bought by Rothschild & Co Wealth Management UK Ltd

Rothschild & Co Wealth Management UK Ltd grew its position in Wayfair Inc. (NYSE:W) by 10.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 245,603 shares of the company’s stock after purchasing an additional 23,855 shares during the quarter. Wayfair makes up 0.2% of Rothschild & Co Wealth Management UK Ltd’s investment portfolio, making the stock its 18th largest position. Rothschild & Co Wealth Management UK Ltd owned approximately 0.19% of Wayfair worth $12,560,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. GAMMA Investing LLC increased its holdings in Wayfair by 85.8% in the first quarter. GAMMA Investing LLC now owns 1,319 shares of the company’s stock valued at $42,000 after buying an additional 609 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Wayfair during the 1st quarter worth about $443,000. Check Capital Management Inc. CA increased its holdings in shares of Wayfair by 1.9% in the 1st quarter. Check Capital Management Inc. CA now owns 167,745 shares of the company’s stock valued at $5,373,000 after acquiring an additional 3,145 shares during the last quarter. BloombergSen Inc. boosted its holdings in Wayfair by 8.3% in the first quarter. BloombergSen Inc. now owns 35,608 shares of the company’s stock valued at $1,141,000 after purchasing an additional 2,739 shares in the last quarter. Finally, Heartland Advisors Inc. increased its stake in Wayfair by 45.5% in the first quarter. Heartland Advisors Inc. now owns 80,000 shares of the company’s stock valued at $2,562,000 after purchasing an additional 25,000 shares during the last quarter. 89.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Wayfair news, CEO Niraj Shah sold 199,422 shares of Wayfair stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $78.40, for a total transaction of $15,634,684.80. Following the completion of the transaction, the chief executive officer owned 544,137 shares in the company, valued at approximately $42,660,340.80. The trade was a 26.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Steven Conine sold 199,473 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $78.40, for a total transaction of $15,638,683.20. Following the transaction, the insider directly owned 544,073 shares of the company’s stock, valued at approximately $42,655,323.20. This trade represents a 26.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,218,507 shares of company stock valued at $100,732,914 over the last 90 days. 21.91% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. UBS Group upped their target price on shares of Wayfair from $102.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Raymond James Financial upped their target price on Wayfair from $90.00 to $130.00 and gave the company a “strong-buy” rating in a research report on Wednesday, October 29th. Needham & Company LLC raised their price target on Wayfair from $83.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $70.00 price objective (up previously from $50.00) on shares of Wayfair in a research note on Tuesday, August 5th. Finally, Truist Financial increased their price objective on Wayfair from $95.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Wayfair has a consensus rating of “Moderate Buy” and a consensus price target of $103.96.

Wayfair Price Performance

W opened at $98.70 on Friday. Wayfair Inc. has a 12 month low of $20.41 and a 12 month high of $108.72. The stock has a market capitalization of $12.80 billion, a P/E ratio of -38.55 and a beta of 3.03. The business has a 50 day simple moving average of $86.82 and a 200-day simple moving average of $64.22.

Wayfair (NYSE:W) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.44 by $0.26. The company had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.01 billion. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the business earned $0.22 EPS. Research analysts anticipate that Wayfair Inc. will post -2.54 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.