XTX Topco Ltd Acquires New Holdings in Wayfair Inc. (NYSE:W)

XTX Topco Ltd purchased a new position in shares of Wayfair Inc. (NYSE:W - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,918 shares of the company's stock, valued at approximately $557,000.

Other hedge funds have also recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new stake in shares of Wayfair in the 3rd quarter valued at approximately $29,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Wayfair during the 3rd quarter worth $44,000. Brooklyn Investment Group acquired a new stake in shares of Wayfair in the third quarter valued at about $50,000. International Assets Investment Management LLC purchased a new stake in Wayfair during the second quarter worth about $58,000. Finally, Northwest & Ethical Investments L.P. acquired a new position in Wayfair during the third quarter worth about $67,000. 89.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on W. Citigroup dropped their price target on Wayfair from $70.00 to $54.00 and set a "buy" rating for the company in a research report on Monday, November 4th. Robert W. Baird lowered their price target on shares of Wayfair from $56.00 to $50.00 and set a "neutral" rating on the stock in a research report on Monday, November 4th. Loop Capital raised their price objective on shares of Wayfair from $45.00 to $55.00 and gave the stock a "hold" rating in a research note on Thursday, September 26th. Argus cut Wayfair from a "buy" rating to a "hold" rating in a report on Monday, August 26th. Finally, UBS Group cut their price target on Wayfair from $70.00 to $65.00 and set a "buy" rating for the company in a report on Tuesday, October 22nd. 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 given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $60.28.

Wayfair Stock Down 1.8 %

Shares of W traded down $0.97 during mid-day trading on Friday, reaching $52.29. 4,030,421 shares of the stock traded hands, compared to its average volume of 3,763,685. The firm has a market cap of $6.55 billion, a price-to-earnings ratio of -11.65 and a beta of 3.44. The stock has a fifty day simple moving average of $46.93 and a 200 day simple moving average of $48.98. Wayfair Inc. has a 12-month low of $37.35 and a 12-month high of $76.18.

Wayfair (NYSE:W - Get Free Report) last announced its earnings results on Friday, November 1st. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.09. The business had revenue of $2.88 billion for the quarter, compared to analysts' expectations of $2.87 billion. During the same period in the previous year, the firm posted ($1.38) earnings per share. The firm's revenue was down 2.0% compared to the same quarter last year. On average, equities research analysts expect that Wayfair Inc. will post -2.91 earnings per share for the current fiscal year.

Insider Activity at Wayfair

In related news, COO Thomas Netzer sold 1,011 shares of the business's 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 sale, the chief operating officer now owns 151,802 shares of the company's stock, valued at $7,502,054.84. This represents a 0.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kate Gulliver sold 7,330 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $53.05, for a total transaction of $388,856.50. Following the sale, the chief financial officer now owns 117,947 shares in the company, valued at approximately $6,257,088.35. This trade represents a 5.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 97,868 shares of company stock valued at $4,866,748 over the last ninety days. Corporate insiders own 26.81% of the company's stock.

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.