Eisler Capital Management Ltd. Takes Position in Wayfair Inc. (NYSE:W)

Eisler Capital Management Ltd. acquired a new stake in shares of Wayfair Inc. (NYSE:W - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 51,119 shares of the company's stock, valued at approximately $2,350,000.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in Wayfair by 65.5% in the fourth quarter. GAMMA Investing LLC now owns 710 shares of the company's stock worth $31,000 after buying an additional 281 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in Wayfair in the 4th quarter worth approximately $6,799,000. Ameritas Advisory Services LLC purchased a new position in Wayfair in the 4th quarter worth approximately $229,000. Nisa Investment Advisors LLC raised its holdings in Wayfair by 5.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 44,710 shares of the company's stock worth $1,982,000 after acquiring an additional 2,250 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in Wayfair by 277.4% in the 4th quarter. SG Americas Securities LLC now owns 12,591 shares of the company's stock worth $558,000 after acquiring an additional 9,255 shares during the last quarter. Hedge funds and other institutional investors own 89.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on W shares. Mizuho decreased their price objective on shares of Wayfair from $60.00 to $50.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Raymond James set a $60.00 price objective on shares of Wayfair and gave the stock a "strong-buy" rating in a report on Friday, February 21st. Stifel Nicolaus reduced their price target on shares of Wayfair from $46.00 to $29.00 and set a "hold" rating for the company in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Wayfair from $63.00 to $50.00 and set an "overweight" rating for the company in a report on Monday, March 10th. Finally, Bank of America decreased their price objective on shares of Wayfair from $52.00 to $50.00 and set a "neutral" rating for the company in a report on Friday, February 21st. Fourteen analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Wayfair currently has an average rating of "Moderate Buy" and a consensus target price of $48.25.

Wayfair Stock Performance

Shares of NYSE W traded down $0.91 during midday trading on Friday, reaching $32.72. The stock had a trading volume of 5,804,053 shares, compared to its average volume of 4,666,827. The stock has a 50-day moving average of $30.64 and a 200-day moving average of $40.10. The company has a market capitalization of $4.15 billion, a price-to-earnings ratio of -8.14 and a beta of 2.93. Wayfair Inc. has a 12-month low of $20.41 and a 12-month high of $76.18.

Wayfair (NYSE:W - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, beating 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 period last year, the business earned ($0.32) earnings per share. The company's quarterly revenue was up .0% compared to the same quarter last year. As a group, analysts forecast that Wayfair Inc. will post -2.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other Wayfair news, CTO Fiona Tan sold 23,835 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $31.92, for a total transaction of $760,813.20. Following the completion of the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Steven Conine sold 30,000 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $46.33, for a total transaction of $1,389,900.00. Following the completion of the sale, the insider now directly owns 559,073 shares of the company's stock, valued at approximately $25,901,852.09. This trade represents a 5.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 92,915 shares of company stock valued at $3,389,028 in the last quarter. 21.91% of the stock is currently 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.