Wayfair Inc. (NYSE:W) Position Boosted by Rothschild & Co Wealth Management UK Ltd

Rothschild & Co Wealth Management UK Ltd increased its holdings in Wayfair Inc. (NYSE:W) by 5.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 207,533 shares of the company’s stock after purchasing an additional 10,266 shares during the quarter. Wayfair accounts for 0.2% of Rothschild & Co Wealth Management UK Ltd’s holdings, making the stock its 17th biggest position. Rothschild & Co Wealth Management UK Ltd owned about 0.18% of Wayfair worth $12,805,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in W. McGlone Suttner Wealth Management Inc. acquired a new stake in Wayfair during the 4th quarter worth about $29,000. BluePath Capital Management LLC purchased a new stake in shares of Wayfair in the 3rd quarter valued at approximately $34,000. DekaBank Deutsche Girozentrale acquired a new position in Wayfair in the 3rd quarter worth approximately $34,000. Captrust Financial Advisors grew its position in Wayfair by 24.1% during the 2nd quarter. Captrust Financial Advisors now owns 968 shares of the company’s stock worth $42,000 after purchasing an additional 188 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in Wayfair during the 3rd quarter valued at $44,000. 89.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Evercore ISI upgraded Wayfair from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $65.00 to $80.00 in a report on Thursday, April 4th. Stifel Nicolaus upped their target price on Wayfair from $52.00 to $55.00 and gave the company a “hold” rating in a report on Tuesday, January 9th. Loop Capital raised their price target on shares of Wayfair from $55.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, April 2nd. Wedbush reiterated an “outperform” rating and issued a $70.00 price objective on shares of Wayfair in a research note on Friday, February 23rd. Finally, StockNews.com raised shares of Wayfair from a “sell” rating to a “hold” rating in a research note on Friday, March 29th. Ten research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $77.03.

Insider Activity at Wayfair

In related news, insider Jon Blotner sold 3,492 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $50.34, for a total transaction of $175,787.28. Following the completion of the sale, the insider now owns 32,118 shares in the company, valued at approximately $1,616,820.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Jon Blotner sold 3,492 shares of Wayfair stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $50.34, for a total transaction of $175,787.28. Following the sale, the insider now directly owns 32,118 shares of the company’s stock, valued at $1,616,820.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Niraj Shah sold 1,700 shares of Wayfair stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $52.02, for a total value of $88,434.00. Following the sale, the chief executive officer now directly owns 267,437 shares in the company, valued at $13,912,072.74. The disclosure for this sale can be found here. Insiders sold a total of 85,664 shares of company stock worth $5,194,427 in the last 90 days. 23.50% of the stock is owned by company insiders.

Wayfair Trading Down 1.9 %

NYSE:W traded down $1.07 during mid-day trading on Wednesday, hitting $55.35. 6,994,400 shares of the company’s stock traded hands, compared to its average volume of 3,565,960. The firm has a 50 day moving average of $59.25 and a two-hundred day moving average of $55.18. Wayfair Inc. has a 12 month low of $29.51 and a 12 month high of $90.71. The firm has a market capitalization of $6.66 billion, a price-to-earnings ratio of -8.49 and a beta of 3.29.

Wayfair (NYSE:W) last announced its earnings results on Thursday, February 22nd. The company reported ($1.46) earnings per share for the quarter, beating the consensus estimate of ($1.54) by $0.08. The business had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.10 billion. As a group, equities research analysts expect that Wayfair Inc. will post -3.37 earnings per share 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.