Wayfair Sees Unusually Large Options Volume (NYSE:W)

Wayfair Inc. (NYSE:W) saw unusually large options trading on Monday. Traders acquired 26,901 call options on the company. This is an increase of 36% compared to the average daily volume of 19,740 call options.

Analyst Ratings Changes

W has been the topic of several recent analyst reports. Truist Financial lowered their target price on shares of Wayfair from $60.00 to $55.00 and set a “buy” rating on the stock in a research report on Monday. Guggenheim reaffirmed a “buy” rating and set a $70.00 price objective on shares of Wayfair in a report on Thursday, September 26th. Barclays lowered their target price on Wayfair from $58.00 to $51.00 and set an “equal weight” rating on the stock in a report on Monday, August 5th. The Goldman Sachs Group cut their price target on Wayfair from $67.00 to $54.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Finally, Wedbush lowered their price objective on shares of Wayfair from $50.00 to $45.00 and set an “outperform” rating on the stock in a research note on Monday. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Wayfair has a consensus rating of “Moderate Buy” and an average price target of $60.28.

Insiders Place Their Bets

In other Wayfair news, CTO Fiona Tan sold 10,040 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $53.06, for a total value of $532,722.40. Following the transaction, the chief technology officer now directly owns 84,655 shares of the company’s stock, valued at approximately $4,491,794.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Wayfair news, CTO Fiona Tan sold 10,040 shares of Wayfair stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $53.06, for a total value of $532,722.40. Following the sale, the chief technology officer now owns 84,655 shares of the company’s stock, valued at approximately $4,491,794.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jon Blotner sold 6,055 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $53.07, for a total value of $321,338.85. Following the transaction, the insider now directly owns 62,817 shares of the company’s stock, valued at approximately $3,333,698.19. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,868 shares of company stock valued at $2,003,248. 23.50% of the stock is owned by company insiders.

Institutional Trading of Wayfair

A number of institutional investors and hedge funds have recently made changes to their positions in W. Capital Performance Advisors LLP acquired a new stake in Wayfair during the 3rd quarter worth approximately $29,000. ORG Partners LLC purchased a new position in shares of Wayfair in the 1st quarter valued at $37,000. International Assets Investment Management LLC acquired a new position in shares of Wayfair during the 2nd quarter valued at $58,000. Comerica Bank boosted its position in Wayfair by 210.9% during the 1st quarter. Comerica Bank now owns 1,222 shares of the company’s stock worth $83,000 after purchasing an additional 829 shares during the period. Finally, Emerald Mutual Fund Advisers Trust purchased a new stake in Wayfair during the 2nd quarter worth $109,000. 89.67% of the stock is currently owned by institutional investors and hedge funds.

Wayfair Price Performance

W opened at $44.37 on Wednesday. The stock has a market capitalization of $5.48 billion, a price-to-earnings ratio of -9.88 and a beta of 3.46. Wayfair has a 12 month low of $38.02 and a 12 month high of $76.18. The business has a 50-day moving average of $48.65 and a two-hundred day moving average of $52.20.

Wayfair (NYSE:W) last issued its quarterly earnings results on Friday, November 1st. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.13 by $0.09. The company had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.87 billion. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period last year, the company posted ($1.38) EPS. Equities research analysts anticipate that Wayfair will post -2.68 earnings per share for the current year.

About Wayfair

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.