Optas LLC Acquires New Position in Wayfair Inc. (NYSE:W)

Optas LLC acquired a new stake in shares of Wayfair Inc. (NYSE:W) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 4,814 shares of the company’s stock, valued at approximately $270,000.

A number of other hedge funds also recently made changes to their positions in W. Vanguard Group Inc. boosted its stake in Wayfair by 4.5% in the 1st quarter. Vanguard Group Inc. now owns 8,467,900 shares of the company’s stock worth $574,801,000 after purchasing an additional 363,948 shares during the period. SageView Advisory Group LLC bought a new position in Wayfair in the 1st quarter worth approximately $937,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Wayfair by 250.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 167,170 shares of the company’s stock worth $11,347,000 after purchasing an additional 119,415 shares during the period. Sei Investments Co. boosted its stake in Wayfair by 14.6% in the 1st quarter. Sei Investments Co. now owns 100,447 shares of the company’s stock worth $6,818,000 after purchasing an additional 12,809 shares during the period. Finally, Highland Peak Capital LLC bought a new position in Wayfair in the 2nd quarter worth approximately $5,165,000. 89.67% of the stock is currently owned by institutional investors.

Wayfair Stock Down 6.3 %

W stock opened at $40.15 on Monday. The business’s fifty day simple moving average is $48.69 and its two-hundred day simple moving average is $52.35. Wayfair Inc. has a twelve month low of $38.02 and a twelve month high of $76.18. The firm has a market cap of $4.96 billion, a price-to-earnings ratio of -7.59 and a beta of 3.46.

Wayfair (NYSE:W) last released its earnings results on Thursday, August 1st. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). The business had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.18 billion. During the same quarter last year, the firm posted ($1.27) EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. Research analysts expect that Wayfair Inc. will post -2.68 EPS for the current year.

Insider Transactions at Wayfair

In other news, insider Jon Blotner sold 4,600 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $53.60, for a total transaction of $246,560.00. Following the transaction, the insider now owns 52,078 shares of the company’s stock, valued at approximately $2,791,380.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Jon Blotner sold 4,600 shares of the firm’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $53.60, for a total transaction of $246,560.00. Following the sale, the insider now owns 52,078 shares of the company’s stock, valued at $2,791,380.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Thomas Netzer sold 1,011 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The shares were 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 90 days, insiders have sold 37,471 shares of company stock valued at $1,987,002. 26.81% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on W. Barclays dropped their price target on Wayfair from $58.00 to $51.00 and set an “equal weight” rating for the company in a research note on Monday, August 5th. Stifel Nicolaus decreased their price objective on Wayfair from $56.00 to $55.00 and set a “hold” rating on the stock in a report on Friday, August 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $60.00 price objective on shares of Wayfair in a report on Friday. Citigroup decreased their price objective on Wayfair from $85.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Finally, Guggenheim reaffirmed a “buy” rating and set a $70.00 price objective on shares of Wayfair in a report on Thursday, September 26th. Twelve analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $64.21.

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.