Wayfair Inc. $W Position Raised by Graham Capital Management L.P.

Graham Capital Management L.P. increased its position in shares of Wayfair Inc. (NYSE:W) by 20.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 50,471 shares of the company’s stock after buying an additional 8,413 shares during the quarter. Graham Capital Management L.P.’s holdings in Wayfair were worth $1,617,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in shares of Wayfair by 5,850.4% during the 1st quarter. GAMMA Investing LLC now owns 42,248 shares of the company’s stock valued at $1,319,000 after acquiring an additional 41,538 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Wayfair by 74.4% in the 1st quarter. SG Americas Securities LLC now owns 21,963 shares of the company’s stock worth $703,000 after acquiring an additional 9,372 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Wayfair by 11.4% in the 4th quarter. Northern Trust Corp now owns 463,457 shares of the company’s stock worth $20,540,000 after acquiring an additional 47,326 shares during the last quarter. Algert Global LLC acquired a new position in shares of Wayfair in the 1st quarter worth $869,000. Finally, Ameritas Advisory Services LLC grew its holdings in shares of Wayfair by 304.3% in the 1st quarter. Ameritas Advisory Services LLC now owns 20,916 shares of the company’s stock worth $672,000 after acquiring an additional 15,742 shares during the last quarter. Institutional investors own 89.67% of the company’s stock.

Wayfair Stock Up 4.1%

Shares of NYSE:W opened at $77.66 on Wednesday. The company’s fifty day moving average is $65.85 and its two-hundred day moving average is $46.65. Wayfair Inc. has a 12-month low of $20.41 and a 12-month high of $81.94. The company has a market cap of $10.07 billion, a P/E ratio of -32.36 and a beta of 2.95.

Wayfair (NYSE:W) last announced its earnings results on Monday, August 4th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.54. The firm had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same period last year, the firm earned $0.47 earnings per share. Wayfair’s revenue for the quarter was up 5.0% compared to the same quarter last year. Equities research analysts anticipate that Wayfair Inc. will post -2.54 earnings per share for the current year.

Insider Buying and Selling at Wayfair

In other news, insider Steven Conine sold 199,473 shares of the business’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $78.40, for a total transaction of $15,638,683.20. Following the transaction, the insider directly owned 544,073 shares in the company, valued at $42,655,323.20. The trade was a 26.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Niraj Shah sold 199,422 shares of the business’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $78.40, for a total transaction of $15,634,684.80. Following the transaction, the chief executive officer owned 544,137 shares in the company, valued at approximately $42,660,340.80. This represents a 26.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,240,204 shares of company stock worth $81,706,986. 21.91% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

W has been the topic of a number of recent research reports. Needham & Company LLC lifted their target price on Wayfair from $40.00 to $83.00 and gave the stock a “buy” rating in a report on Monday, August 4th. The Goldman Sachs Group lifted their target price on Wayfair from $31.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, August 6th. Bank of America lifted their target price on Wayfair from $36.00 to $43.00 and gave the stock a “neutral” rating in a report on Wednesday, May 14th. Argus upgraded Wayfair from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Monday, May 12th. Finally, Wells Fargo & Company set a $84.00 target price on shares of Wayfair and gave the company an “overweight” rating in a research note on Tuesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $69.19.

Wayfair 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.