Wayfair Class A (W) Market Value Rose While First Mercantile Trust Co Has Raised Stake by $363,140; Discover Finl Svcs (DFS) Stock Declined While Salzhauer Michael Has Lowered Its Holding

February 19, 2018 - By Richard Conner

First Mercantile Trust Co increased its stake in Wayfair Inc Class A (W) by 301.11% based on its latest 2017Q3 regulatory filing with the SEC. First Mercantile Trust Co bought 5,420 shares as the company’s stock rose 54.30% with the market. The institutional investor held 7,220 shares of the catalog and specialty distribution company at the end of 2017Q3, valued at $487,000, up from 1,800 at the end of the previous reported quarter. First Mercantile Trust Co who had been investing in Wayfair Inc Class A for a number of months, seems to be bullish on the $8.57B market cap company. The stock increased 0.79% or $0.76 during the last trading session, reaching $97.52. About 1.03M shares traded. Wayfair Inc. (NYSE:W) has risen 54.80% since February 19, 2017 and is uptrending. It has outperformed by 38.10% the S&P500.

Salzhauer Michael decreased its stake in Discover Finl Svcs (DFS) by 55.53% based on its latest 2017Q3 regulatory filing with the SEC. Salzhauer Michael sold 8,107 shares as the company’s stock declined 15.69% while stock markets rallied. The institutional investor held 6,493 shares of the consumer services company at the end of 2017Q3, valued at $419,000, down from 14,600 at the end of the previous reported quarter. Salzhauer Michael who had been investing in Discover Finl Svcs for a number of months, seems to be less bullish one the $28.90 billion market cap company. The stock increased 1.22% or $0.96 during the last trading session, reaching $79.53. About 2.14M shares traded. Discover Financial Services (NYSE:DFS) has risen 10.42% since February 19, 2017 and is uptrending. It has underperformed by 6.28% the S&P500.

Investors sentiment increased to 1.63 in Q3 2017. Its up 0.41, from 1.22 in 2017Q2. It improved, as 27 investors sold W shares while 44 reduced holdings. 48 funds opened positions while 68 raised stakes. 58.00 million shares or 1.74% more from 57.01 million shares in 2017Q2 were reported. Pnc Financial Svcs Grp, Pennsylvania-based fund reported 3,100 shares. Vanguard Gru reported 3.68M shares or 0.01% of all its holdings. Moreover, Night Owl Cap Limited Liability Corp has 3.34% invested in Wayfair Inc. (NYSE:W). Blackrock reported 0.01% stake. Df Dent And Com Inc owns 8,391 shares for 0.01% of their portfolio. Cibc World owns 3,745 shares or 0% of their US portfolio. Pacad Inv Ltd, British Columbia – Canada-based fund reported 19,001 shares. Blue Ridge Capital Lc invested in 1.32% or 1.09M shares. California-based California Pub Employees Retirement has invested 0.01% in Wayfair Inc. (NYSE:W). Arrowgrass Cap Prns (Us) Lp owns 80,000 shares. Baldwin Brothers Ma holds 300 shares or 0% of its portfolio. Wolverine Asset Ltd Liability Company accumulated 44,166 shares or 0.03% of the stock. Bancshares Of America De owns 127,419 shares or 0% of their US portfolio. Wells Fargo And Company Mn invested in 175,153 shares. Tci Wealth Advisors holds 9 shares or 0% of its portfolio.

First Mercantile Trust Co, which manages about $552.84M US Long portfolio, decreased its stake in Microsoft Corp (NASDAQ:MSFT) by 12,761 shares to 104,018 shares, valued at $7.75 million in 2017Q3, according to the filing. It also reduced its holding in Commscope Holding Co Inc (NASDAQ:COMM) by 13,329 shares in the quarter, leaving it with 5,700 shares, and cut its stake in Facebook Inc A (NASDAQ:FB).

Since August 21, 2017, it had 0 insider buys, and 76 sales for $14.77 million activity. 600 Wayfair Inc. (NYSE:W) shares with value of $52,944 were sold by Macri Edmond. 710 shares were sold by Mulliken John Champlin, worth $61,401. Savarese James also sold $351,668 worth of Wayfair Inc. (NYSE:W) shares. 2,000 shares valued at $187,540 were sold by Conine Steven on Monday, January 29. Shah Niraj sold $97,244 worth of stock or 1,216 shares. On Thursday, September 21 FLEISHER MICHAEL D sold $388,610 worth of Wayfair Inc. (NYSE:W) or 4,719 shares.

Among 30 analysts covering Wayfair LLC (NYSE:W), 13 have Buy rating, 1 Sell and 16 Hold. Therefore 43% are positive. Wayfair LLC had 80 analyst reports since July 31, 2015 according to SRatingsIntel. On Thursday, May 26 the stock rating was initiated by Maxim Group with “Buy”. The stock of Wayfair Inc. (NYSE:W) earned “Buy” rating by Piper Jaffray on Friday, September 8. Stifel Nicolaus downgraded it to “Hold” rating and $90 target in Tuesday, January 23 report. Suntrust Robinson initiated the stock with “Neutral” rating in Tuesday, December 22 report. The stock has “Buy” rating by Stifel Nicolaus on Thursday, November 2. On Wednesday, April 6 the stock rating was initiated by Sterne Agee CRT with “Neutral”. Stifel Nicolaus maintained the shares of W in report on Friday, December 15 with “Buy” rating. As per Thursday, February 25, the company rating was maintained by Piper Jaffray. Piper Jaffray maintained the shares of W in report on Thursday, February 15 with “Buy” rating. The stock has “Hold” rating by Zacks on Wednesday, August 19.

Among 32 analysts covering Discover Financial Services (NYSE:DFS), 22 have Buy rating, 1 Sell and 9 Hold. Therefore 69% are positive. Discover Financial Services had 90 analyst reports since July 24, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained Discover Financial Services (NYSE:DFS) rating on Tuesday, June 13. Keefe Bruyette & Woods has “Buy” rating and $8400 target. The stock of Discover Financial Services (NYSE:DFS) earned “Neutral” rating by Bank of America on Thursday, February 11. The stock of Discover Financial Services (NYSE:DFS) earned “Hold” rating by Evercore on Tuesday, December 22. The stock of Discover Financial Services (NYSE:DFS) earned “Buy” rating by Nomura on Wednesday, October 25. On Wednesday, April 12 the stock rating was maintained by BMO Capital Markets with “Hold”. Wells Fargo initiated Discover Financial Services (NYSE:DFS) rating on Tuesday, October 10. Wells Fargo has “Hold” rating and $69.0 target. Oppenheimer maintained it with “Outperform” rating and $73 target in Tuesday, October 6 report. The stock has “Buy” rating by Deutsche Bank on Wednesday, October 5. Credit Suisse maintained Discover Financial Services (NYSE:DFS) on Wednesday, July 20 with “Outperform” rating. The firm has “Overweight” rating by Barclays Capital given on Thursday, January 25.

Salzhauer Michael, which manages about $233.18 million US Long portfolio, upped its stake in Bb&T Corp (NYSE:BBT) by 7,804 shares to 63,504 shares, valued at $2.98M in 2017Q3, according to the filing. It also increased its holding in Bank Amer Corp (NYSE:BAC) by 1.39 million shares in the quarter, for a total of 1.54M shares, and has risen its stake in Rite Aid Corp (NYSE:RAD).

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