Wayfair Sees Unusually Large Options Volume (NYSE:W)

Wayfair Inc. (NYSE:W) saw unusually large options trading activity on Monday. Stock investors bought 26,901 call options on the stock. This represents an increase of 36% compared to the typical daily volume of 19,740 call options.

Insiders Place Their Bets

In related news, COO Thomas Netzer sold 1,011 shares of the company’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 transaction, the chief operating officer now owns 151,802 shares of the company’s stock, valued at approximately $7,502,054.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Wayfair news, CFO Kate Gulliver sold 7,330 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $53.05, for a total transaction of $388,856.50. Following the completion of the transaction, the chief financial officer now owns 117,947 shares in the company, valued at approximately $6,257,088.35. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Thomas Netzer sold 1,011 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $49.42, for a total value of $49,963.62. Following the sale, the chief operating officer now directly owns 151,802 shares in the company, valued at approximately $7,502,054.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,471 shares of company stock worth $1,987,002. Corporate insiders own 26.81% of the company’s stock.

Institutional Trading of Wayfair

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

Wayfair Trading Up 6.8 %

Shares of W stock traded up $2.73 on Monday, reaching $42.88. The company’s stock had a trading volume of 6,365,695 shares, compared to its average volume of 4,345,714. The stock’s fifty day simple moving average is $48.69 and its 200-day simple moving average is $52.35. Wayfair has a 1 year low of $38.02 and a 1 year high of $76.18. The company has a market capitalization of $5.29 billion, a price-to-earnings ratio of -7.93 and a beta of 3.46.

Wayfair (NYSE:W) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.03). The firm had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.18 billion. During the same quarter in the prior year, the company posted ($1.27) EPS. The company’s revenue for the quarter was up .2% on a year-over-year basis. Equities research analysts forecast that Wayfair will post -2.68 earnings per share for the current year.

Analyst Upgrades and Downgrades

W has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft decreased their price target on Wayfair from $69.00 to $46.00 and set a “buy” rating on the stock in a report on Monday. StockNews.com upgraded Wayfair from a “sell” rating to a “hold” rating in a research report on Monday, August 5th. UBS Group dropped their target price on shares of Wayfair from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. Gordon Haskett downgraded shares of Wayfair from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Barclays cut their price objective on Wayfair from $58.00 to $51.00 and set an “equal weight” rating for the company in a research report on Monday, August 5th. Thirteen 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $60.28.

Wayfair Company Profile

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.