WINTON GROUP Ltd Makes New $2.64 Million Investment in Wayfair Inc. $W

Key Points

• WINTON GROUP Ltd opened a new position in Wayfair during Q3, buying 29,502 shares valued at approximately $2.64 million.
• Institutional activity was heavy—Russell Investments boosted its stake by 129.9% and Dimensional Fund Advisors increased its holding by 310.3% (now 607,511 shares, ~$54.27M)—and institutions now own 89.67% of Wayfair stock.
• Company insiders have been net sellers, with CEOs Niraj Shah and Steven Conine each selling 150,000 shares at about $108.87, and insiders disposing of 890,494 shares (~$86.49M) over the past three months, leaving insiders with 21.91% ownership.

WINTON GROUP Ltd acquired a new stake in shares of Wayfair Inc. (NYSE:W - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 29,502 shares of the company's stock, valued at approximately $2,635,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. raised its position in Wayfair by 129.9% during the third quarter. Russell Investments Group Ltd. now owns 165,607 shares of the company's stock valued at $14,794,000 after purchasing an additional 93,564 shares in the last quarter. Inceptionr LLC bought a new position in shares of Wayfair during the 3rd quarter valued at about $636,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Wayfair during the 3rd quarter valued at about $224,000. First Trust Advisors LP bought a new stake in Wayfair in the 3rd quarter worth approximately $14,340,000. Finally, Dimensional Fund Advisors LP boosted its stake in Wayfair by 310.3% in the third quarter. Dimensional Fund Advisors LP now owns 607,511 shares of the company's stock worth $54,268,000 after buying an additional 459,454 shares in the last quarter. 89.67% of the stock is currently owned by hedge funds and other institutional investors.

Wayfair Stock Performance

Shares of W stock opened at $74.82 on Wednesday. The company has a market capitalization of $9.78 billion, a P/E ratio of -30.79, a PEG ratio of 5.61 and a beta of 3.40. Wayfair Inc. has a fifty-two week low of $20.41 and a fifty-two week high of $119.98. The stock has a 50 day moving average price of $95.68 and a two-hundred day moving average price of $93.70.

Analyst Upgrades and Downgrades

Several research analysts have commented on W shares. The Goldman Sachs Group set a $92.00 price target on shares of Wayfair in a research note on Friday, February 20th. Robert W. Baird cut their price objective on shares of Wayfair from $98.00 to $85.00 and set a "neutral" rating for the company in a research note on Friday, February 20th. Guggenheim increased their target price on shares of Wayfair from $120.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, November 13th. Oppenheimer lifted their target price on shares of Wayfair from $100.00 to $144.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 12th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Wayfair in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Wayfair has a consensus rating of "Moderate Buy" and a consensus target price of $104.62.

Insider Buying and Selling

In other Wayfair news, CEO Niraj Shah sold 150,000 shares of the firm's stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $108.87, for a total value of $16,330,500.00. Following the sale, the chief executive officer owned 289,137 shares of the company's stock, valued at $31,478,345.19. This trade represents a 34.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven Conine sold 150,000 shares of the business's stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $108.87, for a total transaction of $16,330,500.00. Following the completion of the transaction, the insider owned 289,073 shares in the company, valued at $31,471,377.51. The trade was a 34.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 890,494 shares of company stock valued at $86,493,261 over the last three months. 21.91% of the stock is owned by company insiders.

Wayfair Company Profile

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.

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