Stock Traders Purchase Large Volume of Call Options on Wayfair (NYSE:W)

Wayfair Inc. (NYSE:W - Get Free Report) saw some unusual options trading on Monday. Stock traders acquired 26,901 call options on the stock. This represents an increase of approximately 36% compared to the typical daily volume of 19,740 call options.

Wall Street Analyst Weigh In

W has been the subject of a number of recent research reports. Bank of America downgraded shares of Wayfair from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $85.00 to $58.00 in a report on Thursday, August 1st. Truist Financial lowered their target price on shares of Wayfair from $60.00 to $55.00 and set a "buy" rating for the company in a research note on Monday. JPMorgan Chase & Co. reduced their price target on Wayfair from $80.00 to $63.00 and set an "overweight" rating on the stock in a research report on Friday, August 2nd. The Goldman Sachs Group decreased their price objective on Wayfair from $67.00 to $54.00 and set a "neutral" rating for the company in a report on Friday, August 2nd. Finally, StockNews.com upgraded Wayfair from a "sell" rating to a "hold" rating in a research note on Monday, August 5th. Thirteen equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Wayfair has an average rating of "Moderate Buy" and an average target price of $60.28.

Wayfair Stock Up 4.4 %

NYSE:W traded up $1.78 on Monday, hitting $41.93. The stock had a trading volume of 9,468,161 shares, compared to its average volume of 4,360,432. The company has a fifty day moving average price of $48.64 and a two-hundred day moving average price of $52.26. Wayfair has a 1-year low of $38.02 and a 1-year high of $76.18. The stock has a market cap of $5.18 billion, a price-to-earnings ratio of -7.93 and a beta of 3.46.

Wayfair (NYSE:W - Get Free Report) last posted its earnings results on Thursday, August 1st. The company reported $0.47 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.03). The business had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.18 billion. Wayfair's revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($1.27) earnings per share. As a group, analysts anticipate that Wayfair will post -2.68 earnings per share for the current year.

Insider Activity at Wayfair

In related news, COO Thomas Netzer sold 1,011 shares of Wayfair stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $49.42, for a total transaction of $49,963.62. Following the completion of the transaction, the chief operating officer now directly owns 151,802 shares of the company's stock, valued at approximately $7,502,054.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Kate Gulliver sold 7,330 shares of the firm's stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $53.05, for a total transaction of $388,856.50. Following the transaction, the chief financial officer now directly owns 117,947 shares of the company's stock, valued at approximately $6,257,088.35. This trade represents a 0.00 % decrease in their ownership of the stock. 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 shares were sold at an average price of $49.42, for a total value of $49,963.62. Following the completion of the sale, the chief operating officer now owns 151,802 shares of the company's stock, valued at $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 90 days, insiders have sold 37,471 shares of company stock worth $1,987,002. Company insiders own 26.81% of the company's stock.

Hedge Funds Weigh In On Wayfair

Institutional investors have recently bought and sold shares of the company. WealthPlan Investment Management LLC increased its holdings in Wayfair by 5.6% during the 1st quarter. WealthPlan Investment Management LLC now owns 5,097 shares of the company's stock worth $346,000 after purchasing an additional 271 shares during the period. Creative Planning increased its stake in shares of Wayfair by 2.1% during the third quarter. Creative Planning now owns 13,261 shares of the company's stock worth $745,000 after buying an additional 272 shares during the period. QRG Capital Management Inc. raised its holdings in Wayfair by 12.0% in the first quarter. QRG Capital Management Inc. now owns 3,716 shares of the company's stock valued at $252,000 after acquiring an additional 399 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its stake in Wayfair by 39.1% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,676 shares of the company's stock worth $114,000 after acquiring an additional 471 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in Wayfair during the 3rd quarter worth approximately $29,000. 89.67% of the stock is owned by institutional investors and hedge funds.

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.