WINTON GROUP Ltd Buys Shares of 34,700 Wayfair Inc. $W

WINTON GROUP Ltd acquired a new position in shares of Wayfair Inc. (NYSE:W) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 34,700 shares of the company’s stock, valued at approximately $3,207,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC boosted its position in Wayfair by 30.0% during the 3rd quarter. Larson Financial Group LLC now owns 520 shares of the company’s stock valued at $46,000 after purchasing an additional 120 shares during the period. Parallel Advisors LLC grew its position in Wayfair by 12.8% in the 4th quarter. Parallel Advisors LLC now owns 1,400 shares of the company’s stock valued at $141,000 after buying an additional 159 shares in the last quarter. Flynn Zito Capital Management LLC increased its stake in Wayfair by 6.4% during the 1st quarter. Flynn Zito Capital Management LLC now owns 2,775 shares of the company’s stock valued at $209,000 after buying an additional 168 shares during the period. Utah Retirement Systems increased its stake in Wayfair by 3.3% during the 4th quarter. Utah Retirement Systems now owns 5,194 shares of the company’s stock valued at $522,000 after buying an additional 168 shares during the period. Finally, Daiwa Securities Group Inc. raised its position in shares of Wayfair by 3.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 6,882 shares of the company’s stock worth $352,000 after buying an additional 200 shares in the last quarter. Institutional investors own 89.67% of the company’s stock.

Wayfair Stock Up 1.3%

Wayfair stock opened at $98.73 on Friday. Wayfair Inc. has a 12 month low of $55.60 and a 12 month high of $119.98. The company’s fifty day simple moving average is $96.67 and its 200-day simple moving average is $82.69. The stock has a market cap of $13.03 billion, a P/E ratio of -40.14, a P/E/G ratio of 3.50 and a beta of 2.99.

Wayfair (NYSE:W) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.05. Wayfair had a negative return on equity of 3.40% and a negative net margin of 2.49%.The business had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same period in the previous year, the company earned $0.87 EPS. The firm’s revenue was up 7.5% on a year-over-year basis. On average, equities research analysts expect that Wayfair Inc. will post 0.93 earnings per share for the current fiscal year.

Insider Activity at Wayfair

In other Wayfair news, insider Jon Blotner sold 6,968 shares of the stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $100.22, for a total value of $698,332.96. Following the completion of the sale, the insider directly owned 110,376 shares of the company’s stock, valued at $11,061,882.72. This represents a 5.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Steven Conine sold 69,000 shares of the company’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $103.36, for a total transaction of $7,131,840.00. Following the transaction, the director directly owned 360,073 shares of the company’s stock, valued at $37,217,145.28. This represents a 16.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 150,893 shares of company stock worth $15,532,531. 18.44% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Morgan Stanley reiterated an “overweight” rating on shares of Wayfair in a research note on Wednesday, August 5th. Citigroup lifted their price target on Wayfair from $95.00 to $133.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Evercore reiterated an “outperform” rating and issued a $130.00 target price on shares of Wayfair in a report on Wednesday, August 5th. UBS Group lifted their target price on shares of Wayfair from $118.00 to $156.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, Robert W. Baird set a $116.00 price target on shares of Wayfair in a research report on Wednesday, August 5th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $119.89.

About Wayfair

Wayfair Inc is an e-commerce company focused on furniture, home furnishings and décor. Its online platform offers a broad assortment of products for rooms throughout the home, including furniture, mattresses, rugs, lighting, kitchen and dining items, outdoor furnishings, home improvement products and décor.

The company operates through the Wayfair brand and specialized retail brands such as Joss & Main, AllModern, Birch Lane and Perigold. It also serves business customers through Wayfair Professional, which provides products and services for commercial, hospitality and design-related projects.