Graham Capital Management L.P. Acquires New Stake in Wayfair Inc. (NYSE:W)

Graham Capital Management L.P. purchased a new stake in Wayfair Inc. (NYSE:W - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 42,058 shares of the company's stock, valued at approximately $1,864,000.

Other hedge funds have also bought and sold shares of the company. Capital World Investors lifted its holdings in shares of Wayfair by 6.2% in the fourth quarter. Capital World Investors now owns 13,506,200 shares of the company's stock worth $598,596,000 after buying an additional 782,757 shares in the last quarter. Vanguard Group Inc. lifted its stake in Wayfair by 3.6% in the fourth quarter. Vanguard Group Inc. now owns 9,315,337 shares of the company's stock worth $412,856,000 after acquiring an additional 327,603 shares during the period. Baillie Gifford & Co. lifted its position in Wayfair by 13.6% during the fourth quarter. Baillie Gifford & Co. now owns 6,179,761 shares of the company's stock valued at $273,887,000 after buying an additional 740,641 shares during the period. Renaissance Technologies LLC lifted its position in Wayfair by 17.9% during the fourth quarter. Renaissance Technologies LLC now owns 3,834,667 shares of the company's stock valued at $169,952,000 after buying an additional 581,000 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Wayfair by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 1,546,932 shares of the company's stock valued at $68,584,000 after acquiring an additional 22,078 shares in the last quarter. Institutional investors and hedge funds own 89.67% of the company's stock.

Wayfair Trading Down 2.3%

Shares of W traded down $0.89 during midday trading on Wednesday, reaching $38.12. 6,702,339 shares of the stock were exchanged, compared to its average volume of 4,722,147. The company has a market capitalization of $4.84 billion, a P/E ratio of -9.48 and a beta of 2.93. Wayfair Inc. has a 52 week low of $20.41 and a 52 week high of $74.49. The company's 50 day moving average is $30.86 and its two-hundred day moving average is $40.06.

Wayfair (NYSE:W - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.10 earnings per share for the quarter, topping analysts' consensus estimates of ($0.14) by $0.24. The company had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.71 billion. During the same quarter last year, the company earned ($0.32) earnings per share. The company's revenue for the quarter was up .0% compared to the same quarter last year. On average, sell-side analysts expect that Wayfair Inc. will post -2.54 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on W shares. Mizuho reduced their price target on Wayfair from $60.00 to $50.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Wedbush upgraded Wayfair to a "hold" rating in a report on Thursday, May 1st. BMO Capital Markets set a $38.00 price objective on Wayfair in a report on Friday, May 2nd. Canaccord Genuity Group reduced their price objective on Wayfair from $68.00 to $58.00 and set a "buy" rating for the company in a report on Monday, April 28th. Finally, Bank of America lifted their price objective on Wayfair from $36.00 to $43.00 and gave the stock a "neutral" rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $43.83.

Insider Buying and Selling at Wayfair

In other Wayfair news, CTO Fiona Tan sold 23,835 shares of Wayfair stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $31.92, for a total value of $760,813.20. Following the sale, the chief technology officer now owns 111,128 shares in the company, valued at $3,547,205.76. The trade was a 17.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven Conine sold 30,000 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $46.33, for a total value of $1,389,900.00. Following the completion of the sale, the insider now owns 559,073 shares in the company, valued at $25,901,852.09. This represents a 5.09% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 92,915 shares of company stock worth $3,389,028. 21.91% of the stock is owned by insiders.

Wayfair 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.