WINTON GROUP Ltd Purchases New Position in Wayfair Inc. $W

WINTON GROUP Ltd purchased a new stake in shares of Wayfair Inc. (NYSE:W) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 29,502 shares of the company’s stock, valued at approximately $2,635,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cornerstone Planning Group LLC increased its stake in shares of Wayfair by 28,200.0% during the third quarter. Cornerstone Planning Group LLC now owns 283 shares of the company’s stock valued at $25,000 after buying an additional 282 shares during the period. True Wealth Design LLC raised its holdings in shares of Wayfair by 250.5% during the third quarter. True Wealth Design LLC now owns 326 shares of the company’s stock valued at $29,000 after acquiring an additional 233 shares in the last quarter. Global Retirement Partners LLC lifted its stake in Wayfair by 156.3% in the third quarter. Global Retirement Partners LLC now owns 328 shares of the company’s stock worth $29,000 after acquiring an additional 200 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Wayfair by 393.4% in the second quarter. EverSource Wealth Advisors LLC now owns 819 shares of the company’s stock valued at $42,000 after acquiring an additional 653 shares in the last quarter. Finally, Cullen Frost Bankers Inc. bought a new stake in Wayfair in the third quarter valued at $71,000. Hedge funds and other institutional investors own 89.67% of the company’s stock.

Insider Transactions at Wayfair

In related news, CEO Niraj Shah sold 27,000 shares of Wayfair stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $78.88, for a total transaction of $2,129,760.00. Following the completion of the transaction, the chief executive officer directly owned 169,137 shares of the company’s stock, valued at $13,341,526.56. This trade represents a 13.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO Fiona Tan sold 9,000 shares of the business’s stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $119.00, for a total transaction of $1,071,000.00. Following the sale, the chief technology officer directly owned 200,328 shares in the company, valued at $23,839,032. The trade was a 4.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 890,494 shares of company stock worth $86,493,261. 21.91% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on W. Mizuho reduced their price objective on shares of Wayfair from $130.00 to $110.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 target price on shares of Wayfair in a research note on Friday, February 20th. The Goldman Sachs Group set a $92.00 price target on shares of Wayfair in a research report on Friday, February 20th. Evercore set a $100.00 price target on shares of Wayfair in a research note on Friday, February 20th. Finally, Oppenheimer raised their price objective on shares of Wayfair from $100.00 to $144.00 and gave the stock an “outperform” rating in a report on Wednesday, November 12th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Wayfair has an average rating of “Moderate Buy” and a consensus price target of $104.62.

Wayfair Trading Down 1.2%

W opened at $74.82 on Wednesday. The company has a market cap of $9.78 billion, a price-to-earnings ratio of -30.79, a price-to-earnings-growth ratio of 5.61 and a beta of 3.40. The stock has a fifty day simple moving average of $95.68 and a two-hundred day simple moving average of $93.70. Wayfair Inc. has a 12-month low of $20.41 and a 12-month high of $119.98.

About Wayfair

Wayfair Inc (NYSE: W) is an e-commerce company focused on home furnishings and décor. Through its platform, Wayfair offers a broad assortment of furniture, lighting, home textiles, kitchenware and decorative accessories. The company’s portfolio includes flagship sites such as Wayfair.com, as well as specialty retail brands like Joss & Main, AllModern, Birch Lane and Perigold, each catering to distinct design styles and price points.

Founded in 2002 by Niraj Shah and Steve Conine under the name CSN Stores, the business rebranded as Wayfair in 2011 and went public in 2014.