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

Rothschild & Co Wealth Management UK Ltd reduced its stake in Wayfair Inc. (NYSE:W) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 213,688 shares of the company’s stock after selling 2,381 shares during the quarter. Wayfair accounts for 0.2% of Rothschild & Co Wealth Management UK Ltd’s investment portfolio, making the stock its 19th biggest holding. Rothschild & Co Wealth Management UK Ltd owned about 0.17% of Wayfair worth $9,471,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV raised its holdings in Wayfair by 31.0% during the second quarter. Mercer Global Advisors Inc. ADV now owns 5,090 shares of the company’s stock worth $286,000 after purchasing an additional 1,204 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Wayfair by 12.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 7,217 shares of the company’s stock worth $381,000 after acquiring an additional 788 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Wayfair by 43.2% in the second quarter. Canada Pension Plan Investment Board now owns 182,900 shares of the company’s stock worth $9,644,000 after acquiring an additional 55,200 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Wayfair by 32.8% in the second quarter. Sei Investments Co. now owns 133,415 shares of the company’s stock worth $7,035,000 after acquiring an additional 32,968 shares during the last quarter. Finally, Ensign Peak Advisors Inc raised its holdings in shares of Wayfair by 214.4% in the second quarter. Ensign Peak Advisors Inc now owns 185,534 shares of the company’s stock worth $9,783,000 after acquiring an additional 126,525 shares during the last quarter. 89.67% of the stock is currently owned by hedge funds and other institutional investors.

Wayfair Trading Down 1.9 %

NYSE:W opened at $47.70 on Thursday. Wayfair Inc. has a 1 year low of $37.35 and a 1 year high of $76.18. The firm’s fifty day simple moving average is $46.00 and its 200 day simple moving average is $47.23.

Wayfair (NYSE:W) last posted its earnings results on Friday, November 1st. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.09. The firm had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.87 billion. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.38) earnings per share. As a group, equities research analysts predict that Wayfair Inc. will post -2.91 earnings per share for the current year.

Analyst Upgrades and Downgrades

W has been the subject of a number of recent analyst reports. Stifel Nicolaus lowered their price objective on Wayfair from $55.00 to $47.00 and set a “hold” rating for the company in a research report on Monday, November 4th. Piper Sandler dropped their price target on Wayfair from $67.00 to $63.00 and set an “overweight” rating for the company in a research note on Monday, October 28th. BMO Capital Markets reduced their target price on shares of Wayfair from $58.00 to $50.00 and set a “market perform” rating on the stock in a report on Monday, November 4th. Royal Bank of Canada decreased their price target on shares of Wayfair from $53.00 to $50.00 and set a “sector perform” rating for the company in a research report on Monday, November 4th. Finally, Mizuho decreased their price target on shares of Wayfair from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. Fourteen research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Wayfair currently has an average rating of “Moderate Buy” and an average target price of $60.24.

Insider Transactions at Wayfair

In related news, insider Steven Conine sold 30,000 shares of Wayfair stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $53.14, for a total transaction of $1,594,200.00. Following the completion of the transaction, the insider now directly owns 632,573 shares of the company’s stock, valued at $33,614,929.22. This trade represents a 4.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jon Blotner sold 5,669 shares of Wayfair stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $42.83, for a total transaction of $242,803.27. Following the transaction, the insider now directly owns 57,899 shares of the company’s stock, valued at $2,479,814.17. This represents a 8.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 134,150 shares of company stock valued at $6,250,114. Company insiders own 26.81% of the company’s stock.

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.