Caxton Associates LP Invests $1.16 Million in Wayfair Inc. (NYSE:W)

Caxton Associates LP purchased a new position in Wayfair Inc. (NYSE:W) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 17,148 shares of the company’s stock, valued at approximately $1,164,000.

Several other hedge funds have also recently bought and sold shares of the business. Capital World Investors boosted its holdings in Wayfair by 0.9% during the first quarter. Capital World Investors now owns 12,145,579 shares of the company’s stock valued at $824,442,000 after acquiring an additional 103,369 shares during the period. Vanguard Group Inc. boosted its holdings in Wayfair by 4.5% during the first quarter. Vanguard Group Inc. now owns 8,467,900 shares of the company’s stock valued at $574,801,000 after acquiring an additional 363,948 shares during the period. Norges Bank bought a new stake in Wayfair during the fourth quarter valued at about $47,374,000. Wellington Management Group LLP boosted its holdings in Wayfair by 18.6% during the fourth quarter. Wellington Management Group LLP now owns 764,495 shares of the company’s stock valued at $47,169,000 after acquiring an additional 119,873 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Wayfair by 6.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 674,156 shares of the company’s stock valued at $41,595,000 after acquiring an additional 39,545 shares during the period. 89.67% of the stock is owned by institutional investors and hedge funds.

Wayfair Trading Down 1.2 %

Shares of W stock traded down $0.66 on Tuesday, reaching $53.34. The company had a trading volume of 1,626,214 shares, compared to its average volume of 4,196,847. The stock has a market cap of $6.42 billion, a PE ratio of -9.94 and a beta of 3.43. The company has a 50-day moving average of $54.80 and a 200-day moving average of $57.24. Wayfair Inc. has a 12 month low of $38.37 and a 12 month high of $90.71.

Wayfair (NYSE:W) last announced its quarterly earnings results on Thursday, May 2nd. The company reported ($1.38) EPS for the quarter, beating analysts’ consensus estimates of ($1.49) by $0.11. The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.64 billion. Sell-side analysts anticipate that Wayfair Inc. will post -2.93 earnings per share for the current year.

Insider Activity

In other Wayfair news, CTO Fiona Tan sold 8,036 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $50.64, for a total transaction of $406,943.04. Following the completion of the transaction, the chief technology officer now owns 64,074 shares of the company’s stock, valued at approximately $3,244,707.36. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Wayfair news, insider Jon Blotner sold 4,395 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $56.09, for a total transaction of $246,515.55. Following the transaction, the insider now owns 43,926 shares in the company, valued at approximately $2,463,809.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Fiona Tan sold 8,036 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $50.64, for a total value of $406,943.04. Following the completion of the transaction, the chief technology officer now owns 64,074 shares in the company, valued at approximately $3,244,707.36. The disclosure for this sale can be found here. Insiders sold a total of 60,030 shares of company stock valued at $3,327,414 in the last ninety days. 26.81% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on W. Argus upgraded shares of Wayfair from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a report on Thursday, May 16th. Wedbush reiterated an “outperform” rating and issued a $70.00 target price on shares of Wayfair in a research note on Wednesday, July 24th. TD Cowen increased their target price on shares of Wayfair from $55.00 to $58.00 and gave the company a “hold” rating in a research note on Friday, May 3rd. BMO Capital Markets increased their target price on shares of Wayfair from $57.00 to $61.00 and gave the company a “market perform” rating in a research note on Friday, May 3rd. Finally, Needham & Company LLC restated a “buy” rating and set a $75.00 price target on shares of Wayfair in a research note on Thursday, May 16th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.37.

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.