Thrivent Financial for Lutherans Sells 6,752 Shares of Wayfair Inc. $W

Thrivent Financial for Lutherans reduced its holdings in shares of Wayfair Inc. (NYSE:W) by 52.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 6,182 shares of the company’s stock after selling 6,752 shares during the period. Thrivent Financial for Lutherans’ holdings in Wayfair were worth $552,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. True Wealth Design LLC increased its stake in Wayfair by 250.5% in the third quarter. True Wealth Design LLC now owns 326 shares of the company’s stock worth $29,000 after purchasing an additional 233 shares during the period. Global Retirement Partners LLC boosted its stake in shares of Wayfair by 156.3% during the third quarter. Global Retirement Partners LLC now owns 328 shares of the company’s stock valued at $29,000 after purchasing an additional 200 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Wayfair by 393.4% in the second quarter. EverSource Wealth Advisors LLC now owns 819 shares of the company’s stock worth $42,000 after purchasing an additional 653 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in Wayfair in the 3rd quarter worth about $71,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Wayfair by 12.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,462 shares of the company’s stock worth $126,000 after buying an additional 270 shares during the period. Hedge funds and other institutional investors own 89.67% of the company’s stock.

Insider Buying and Selling at Wayfair

In other Wayfair news, CFO Kate Gulliver sold 36,497 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $106.50, for a total value of $3,886,930.50. Following the completion of the sale, the chief financial officer directly owned 149,238 shares in the company, valued at $15,893,847. This trade represents a 19.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Fiona Tan sold 9,000 shares of Wayfair stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $119.00, for a total transaction of $1,071,000.00. Following the completion of the transaction, the chief technology officer directly owned 200,328 shares in the company, valued at $23,839,032. This represents a 4.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 950,494 shares of company stock valued at $100,127,813. 21.91% of the stock is currently owned by corporate insiders.

Wayfair Trading Up 3.3%

Shares of NYSE:W opened at $85.11 on Wednesday. Wayfair Inc. has a 12-month low of $20.41 and a 12-month high of $119.98. The business’s fifty day simple moving average is $102.41 and its 200-day simple moving average is $93.57. The company has a market capitalization of $11.09 billion, a PE ratio of -33.25, a P/E/G ratio of 7.87 and a beta of 3.36.

Wall Street Analysts Forecast Growth

W has been the subject of several research reports. Jefferies Financial Group cut shares of Wayfair from a “buy” rating to a “hold” rating and set a $94.00 price objective for the company. in a research report on Wednesday, December 3rd. Canaccord Genuity Group lifted their price target on shares of Wayfair from $100.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft set a $75.00 price objective on Wayfair in a research note on Friday, October 24th. Raymond James Financial raised their price objective on Wayfair from $90.00 to $130.00 and gave the stock a “strong-buy” rating in a report on Wednesday, October 29th. Finally, Royal Bank Of Canada upped their target price on Wayfair from $51.00 to $86.00 and gave the stock a “sector perform” rating in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $107.21.

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.