Rothschild & Co Wealth Management UK Ltd Grows Holdings in Wayfair Inc. (NYSE:W)

Key Points

• Rothschild & Co Wealth Management UK Ltd increased its holdings in Wayfair Inc. by 3.8%, owning approximately $7.1 million in stock at the end of the most recent quarter.
• Several institutional investors, including True Wealth Design LLC and GAMMA Investing LLC, have significantly increased their stakes in Wayfair, highlighting growing interest in the company.
• Research firms have mixed opinions on Wayfair, with Bank of America setting a neutral rating and a price target increase, while Goldman Sachs adjusted their target price downward.

Rothschild & Co Wealth Management UK Ltd grew its position in Wayfair Inc. (NYSE:W - Free Report) by 3.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 221,748 shares of the company's stock after purchasing an additional 8,060 shares during the period. Wayfair comprises approximately 0.1% of Rothschild & Co Wealth Management UK Ltd's holdings, making the stock its 18th biggest holding. Rothschild & Co Wealth Management UK Ltd owned about 0.17% of Wayfair worth $7,103,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in W. True Wealth Design LLC increased its stake in shares of Wayfair by 207.1% in the 4th quarter. True Wealth Design LLC now owns 565 shares of the company's stock valued at $25,000 after acquiring an additional 381 shares during the last quarter. California State Teachers Retirement System boosted its position in Wayfair by 0.4% during the 4th quarter. California State Teachers Retirement System now owns 87,089 shares of the company's stock worth $3,860,000 after acquiring an additional 383 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Wayfair by 85.8% during the 1st quarter. GAMMA Investing LLC now owns 1,319 shares of the company's stock worth $42,000 after acquiring an additional 609 shares in the last quarter. Pictet Asset Management Holding SA raised its holdings in Wayfair by 5.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 12,531 shares of the company's stock worth $555,000 after acquiring an additional 690 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in shares of Wayfair by 2.2% in the 4th quarter. Treasurer of the State of North Carolina now owns 41,890 shares of the company's stock valued at $1,857,000 after purchasing an additional 920 shares during the period. 89.67% of the stock is owned by institutional investors.

Insider Buying and Selling at Wayfair

In other news, insider Steven Conine sold 180,943 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $52.59, for a total value of $9,515,792.37. Following the completion of the transaction, the insider directly owned 236,167 shares in the company, valued at approximately $12,420,022.53. This trade represents a 43.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Niraj Shah sold 179,707 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $52.58, for a total value of $9,448,994.06. Following the completion of the sale, the chief executive officer owned 236,850 shares in the company, valued at $12,453,573. This trade represents a 43.14% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 800,731 shares of company stock worth $40,152,384. Insiders own 21.91% of the company's stock.

Analyst Upgrades and Downgrades

W has been the subject of several research analyst reports. Zelman & Associates lifted their target price on Wayfair from $55.00 to $72.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 9th. Stifel Nicolaus decreased their price objective on shares of Wayfair from $46.00 to $29.00 and set a "hold" rating on the stock in a report on Wednesday, April 23rd. The Goldman Sachs Group cut their target price on shares of Wayfair from $50.00 to $31.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Wedbush raised Wayfair to a "hold" rating in a research report on Thursday, May 1st. Finally, Truist Financial set a $40.00 price objective on Wayfair in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $48.38.

Wayfair Price Performance

Shares of NYSE W traded up $2.28 during trading on Friday, hitting $65.35. The stock had a trading volume of 3,573,907 shares, compared to its average volume of 4,385,312. The firm has a fifty day moving average of $49.67 and a two-hundred day moving average of $41.48. The company has a market capitalization of $8.39 billion, a PE ratio of -22.93 and a beta of 2.97. Wayfair Inc. has a 12 month low of $20.41 and a 12 month high of $65.42.

Wayfair (NYSE:W - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.14) by $0.24. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same period in the previous year, the company posted ($0.32) earnings per share. The company's revenue for the quarter was up .0% on a year-over-year basis. On average, equities analysts expect that Wayfair Inc. will post -2.54 earnings per share for the current fiscal year.

Wayfair 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.