Diversified Trust Co Makes New $766,000 Investment in Wayfair Inc. $W

Diversified Trust Co acquired a new stake in Wayfair Inc. (NYSE:W) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,577 shares of the company’s stock, valued at approximately $766,000.

Other institutional investors and hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC grew its stake in Wayfair by 393.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 819 shares of the company’s stock worth $42,000 after acquiring an additional 653 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Wayfair by 229.0% during the second quarter. Parallel Advisors LLC now owns 1,576 shares of the company’s stock worth $81,000 after purchasing an additional 1,097 shares during the last quarter. IFP Advisors Inc grew its position in shares of Wayfair by 49.3% in the second quarter. IFP Advisors Inc now owns 1,869 shares of the company’s stock valued at $96,000 after purchasing an additional 617 shares during the period. GFG Capital LLC acquired a new position in Wayfair in the second quarter valued at $102,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Wayfair by 12.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,462 shares of the company’s stock valued at $126,000 after purchasing an additional 270 shares during the last quarter. Hedge funds and other institutional investors own 89.67% of the company’s stock.

Insider Transactions at Wayfair

In related news, insider Steven Conine sold 150,000 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $105.92, for a total transaction of $15,888,000.00. Following the transaction, the insider directly owned 729,073 shares of the company’s stock, valued at approximately $77,223,412.16. The trade was a 17.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Niraj Shah sold 150,000 shares of Wayfair stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $105.91, for a total transaction of $15,886,500.00. Following the sale, the chief executive officer owned 729,137 shares in the company, valued at $77,222,899.67. This represents a 17.06% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,085,959 shares of company stock worth $103,711,474. 21.91% of the stock is currently owned by insiders.

Wayfair Stock Down 0.6%

W opened at $100.44 on Friday. Wayfair Inc. has a 52-week low of $20.41 and a 52-week high of $114.92. The company has a 50 day moving average of $101.47 and a two-hundred day moving average of $82.20. The company has a market cap of $13.09 billion, a P/E ratio of -39.23 and a beta of 3.31.

Wayfair (NYSE:W) last issued its earnings results on Tuesday, October 28th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.26. The business had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same period in the prior year, the business posted $0.22 EPS. The business’s revenue was up 8.1% on a year-over-year basis. Research analysts anticipate that Wayfair Inc. will post -2.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on W shares. Wells Fargo & Company raised their price target on Wayfair from $90.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. BMO Capital Markets set a $110.00 target price on shares of Wayfair and gave the stock a “market perform” rating in a research report on Wednesday, October 29th. Mizuho boosted their target price on shares of Wayfair from $88.00 to $130.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. Cowen reaffirmed a “hold” rating on shares of Wayfair in a research report on Wednesday, October 29th. Finally, Truist Financial lifted their price target on shares of Wayfair from $95.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $105.29.

Wayfair 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.