Wayfair Inc. (NYSE:W) Shares Purchased by Caxton Associates LP

Caxton Associates LP raised its stake in Wayfair Inc. (NYSE:W) by 337.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,000 shares of the company’s stock after acquiring an additional 57,852 shares during the period. Caxton Associates LP owned 0.06% of Wayfair worth $3,955,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Riverview Trust Co acquired a new stake in shares of Wayfair in the 1st quarter valued at about $27,000. ORG Partners LLC acquired a new stake in shares of Wayfair in the first quarter valued at approximately $37,000. International Assets Investment Management LLC purchased a new position in shares of Wayfair during the second quarter worth approximately $58,000. Comerica Bank increased its holdings in shares of Wayfair by 210.9% in the 1st quarter. Comerica Bank now owns 1,222 shares of the company’s stock valued at $83,000 after acquiring an additional 829 shares during the period. Finally, Emerald Mutual Fund Advisers Trust purchased a new stake in Wayfair in the 2nd quarter valued at $109,000. Hedge funds and other institutional investors own 89.67% of the company’s stock.

Insider Transactions at Wayfair

In related news, COO Thomas Netzer sold 1,011 shares of Wayfair stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $49.42, for a total transaction of $49,963.62. Following the completion of the sale, the chief operating officer now owns 151,802 shares in the company, valued at approximately $7,502,054.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, COO Thomas Netzer sold 1,011 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $49.42, for a total transaction of $49,963.62. Following the sale, the chief operating officer now owns 151,802 shares in the company, valued at $7,502,054.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Niraj Shah sold 10,000 shares of Wayfair stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $52.62, for a total transaction of $526,200.00. Following the completion of the sale, the chief executive officer now directly owns 209,137 shares of the company’s stock, valued at $11,004,788.94. The disclosure for this sale can be found here. Insiders sold a total of 41,113 shares of company stock valued at $2,126,623 over the last three months. 26.81% of the stock is currently owned by insiders.

Wayfair Stock Performance

NYSE:W opened at $54.05 on Wednesday. Wayfair Inc. has a twelve month low of $38.02 and a twelve month high of $76.18. The firm has a 50-day moving average price of $46.41 and a two-hundred day moving average price of $54.70.

Wayfair (NYSE:W) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.03). The company had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.18 billion. Wayfair’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company earned ($1.27) EPS. On average, equities analysts anticipate that Wayfair Inc. will post -2.66 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on W. Wedbush lowered their price objective on shares of Wayfair from $70.00 to $60.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Piper Sandler reduced their price objective on Wayfair from $91.00 to $67.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Royal Bank of Canada dropped their target price on Wayfair from $65.00 to $53.00 and set a “sector perform” rating on the stock in a report on Friday, August 2nd. The Goldman Sachs Group decreased their price target on Wayfair from $67.00 to $54.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. cut their price objective on shares of Wayfair from $80.00 to $63.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Twelve analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $65.63.

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.