Rothschild & Co Wealth Management UK Ltd Has $12.81 Million Position in Wayfair Inc. (NYSE:W)

Rothschild & Co Wealth Management UK Ltd boosted its holdings in shares of Wayfair Inc. (NYSE:W) by 5.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 207,533 shares of the company’s stock after buying an additional 10,266 shares during the period. Wayfair makes up about 0.2% of Rothschild & Co Wealth Management UK Ltd’s portfolio, making the stock its 17th largest position. Rothschild & Co Wealth Management UK Ltd’s holdings in Wayfair were worth $12,805,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. HighTower Advisors LLC raised its holdings in shares of Wayfair by 16.9% in the 1st quarter. HighTower Advisors LLC now owns 2,360 shares of the company’s stock worth $259,000 after acquiring an additional 342 shares during the last quarter. MetLife Investment Management LLC acquired a new stake in shares of Wayfair in the 1st quarter worth about $378,000. Panagora Asset Management Inc. raised its holdings in shares of Wayfair by 42.7% in the 1st quarter. Panagora Asset Management Inc. now owns 2,204 shares of the company’s stock worth $244,000 after acquiring an additional 659 shares during the last quarter. Vontobel Holding Ltd. raised its holdings in shares of Wayfair by 51.6% in the 1st quarter. Vontobel Holding Ltd. now owns 12,740 shares of the company’s stock worth $1,548,000 after acquiring an additional 4,338 shares during the last quarter. Finally, Aviva PLC raised its holdings in shares of Wayfair by 1.5% in the 1st quarter. Aviva PLC now owns 23,470 shares of the company’s stock worth $2,600,000 after acquiring an additional 346 shares during the last quarter. 89.67% of the stock is owned by institutional investors.

Wayfair Stock Down 1.9 %

W traded down $1.07 on Wednesday, hitting $55.35. The company’s stock had a trading volume of 6,994,400 shares, compared to its average volume of 3,565,960. The company’s 50 day simple moving average is $59.25 and its 200-day simple moving average is $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 cap of $6.66 billion, a P/E ratio of -8.49 and a beta of 3.29.

Wayfair (NYSE:W) last announced its quarterly earnings results on Thursday, February 22nd. The company reported ($1.46) EPS for the quarter, beating the consensus estimate of ($1.54) by $0.08. The firm had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $3.10 billion. Equities analysts predict that Wayfair Inc. will post -3.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets

W has been the subject of several analyst reports. StockNews.com upgraded shares of Wayfair from a “sell” rating to a “hold” rating in a research note on Friday, March 29th. Wedbush reiterated an “outperform” rating and issued a $70.00 price objective on shares of Wayfair in a research note on Friday, February 23rd. Stifel Nicolaus increased their price objective on shares of Wayfair from $52.00 to $55.00 and gave the company a “hold” rating in a research note on Tuesday, January 9th. Morgan Stanley reiterated an “overweight” rating and issued a $80.00 price objective on shares of Wayfair in a research note on Monday, March 25th. Finally, Raymond James upgraded shares of Wayfair from a “market perform” rating to a “strong-buy” rating and set a $65.00 price objective for the company in a research note on Friday, February 16th. Ten investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $77.03.

Insider Buying and Selling at Wayfair

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