Traders Buy High Volume of Wayfair Call Options (NYSE:W)

Wayfair Inc. (NYSE:W) saw some unusual options trading on Monday. Investors purchased 26,901 call options on the company. This represents an increase of approximately 36% compared to the average volume of 19,740 call options.

Analyst Ratings Changes

W has been the topic of several recent analyst reports. Guggenheim reaffirmed a “buy” rating and set a $70.00 price objective on shares of Wayfair in a research report on Thursday, September 26th. JPMorgan Chase & Co. reduced their price target on shares of Wayfair from $80.00 to $63.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. The Goldman Sachs Group dropped their target price on shares of Wayfair from $67.00 to $54.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Loop Capital boosted their target price on shares of Wayfair from $45.00 to $55.00 and gave the company a “hold” rating in a research note on Thursday, September 26th. Finally, Barclays reduced 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 equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Wayfair presently has an average rating of “Moderate Buy” and a consensus price target of $60.28.

Wayfair Trading Up 4.4 %

Shares of Wayfair stock opened at $41.93 on Tuesday. Wayfair has a 12 month low of $38.02 and a 12 month high of $76.18. The stock’s fifty day moving average price is $48.64 and its 200-day moving average price is $52.26. The firm has a market cap of $5.18 billion, a P/E ratio of -7.93 and a beta of 3.46.

Insider Activity at Wayfair

In other 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 sale, the chief operating officer now 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Jon Blotner sold 4,600 shares of Wayfair stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $53.60, for a total transaction of $246,560.00. Following the completion of the transaction, the insider now directly owns 52,078 shares of the company’s stock, valued at $2,791,380.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Thomas Netzer sold 1,011 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was 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 in the company, valued at approximately $7,502,054.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,471 shares of company stock worth $1,987,002 in the last 90 days. Company insiders own 26.81% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC raised its position in shares of Wayfair by 28.0% in the 2nd quarter. Renaissance Technologies LLC now owns 3,086,569 shares of the company’s stock valued at $162,755,000 after purchasing an additional 675,271 shares during the last quarter. Wolf Hill Capital Management LP raised its holdings in shares of Wayfair by 22.9% in the second quarter. Wolf Hill Capital Management LP now owns 2,322,906 shares of the company’s stock worth $122,487,000 after buying an additional 432,404 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Wayfair by 4.5% during the first quarter. Vanguard Group Inc. now owns 8,467,900 shares of the company’s stock worth $574,801,000 after buying an additional 363,948 shares during the period. Maverick Capital Ltd. grew its holdings in shares of Wayfair by 46.2% during the second quarter. Maverick Capital Ltd. now owns 721,618 shares of the company’s stock valued at $38,051,000 after buying an additional 227,908 shares during the last quarter. Finally, Mesirow Institutional Investment Management Inc. acquired a new position in shares of Wayfair in the 1st quarter valued at $13,690,000. Hedge funds and other institutional investors own 89.67% 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.