XTX Topco Ltd Buys 56,470 Shares of Wayfair Inc. (NYSE:W)

Key Points

• XTX Topco Ltd increased its stake in Wayfair Inc. by 225.8% in the first quarter, owning a total of 81,477 shares valued at $2.61 million.
• Wayfair reported a quarterly earnings per share (EPS) of $0.10, significantly beating analysts' estimates, with revenues reaching $2.73 billion.
• Institutional investors own approximately 89.67% of Wayfair’s stock, indicating strong interest from financial firms.

XTX Topco Ltd increased its holdings in shares of Wayfair Inc. (NYSE:W - Free Report) by 225.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 81,477 shares of the company's stock after purchasing an additional 56,470 shares during the quarter. XTX Topco Ltd owned 0.06% of Wayfair worth $2,610,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. True Wealth Design LLC increased its stake in Wayfair by 207.1% in the fourth quarter. True Wealth Design LLC now owns 565 shares of the company's stock valued at $25,000 after purchasing an additional 381 shares during the period. California State Teachers Retirement System increased its position in Wayfair by 0.4% during the fourth quarter. California State Teachers Retirement System now owns 87,089 shares of the company's stock worth $3,860,000 after buying an additional 383 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Wayfair by 85.8% during the 1st quarter. GAMMA Investing LLC now owns 1,319 shares of the company's stock worth $42,000 after purchasing an additional 609 shares during the period. Pictet Asset Management Holding SA grew its holdings in Wayfair by 5.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 12,531 shares of the company's stock valued at $555,000 after purchasing an additional 690 shares during the period. Finally, Treasurer of the State of North Carolina lifted its stake in shares of Wayfair by 2.2% in the 4th quarter. Treasurer of the State of North Carolina now owns 41,890 shares of the company's stock valued at $1,857,000 after purchasing an additional 920 shares in the last quarter. 89.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on W. Evercore ISI increased their price objective on shares of Wayfair from $50.00 to $60.00 and gave the company an "outperform" rating in a report on Tuesday, June 24th. Zelman & Associates upped their price target on shares of Wayfair from $55.00 to $72.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 9th. Canaccord Genuity Group boosted their target price on shares of Wayfair from $58.00 to $70.00 and gave the stock a "buy" rating in a research report on Monday. Citigroup increased their price objective on Wayfair from $30.00 to $32.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Finally, Needham & Company LLC restated a "buy" rating and set a $50.00 price target on shares of Wayfair in a report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $50.85.

Insider Activity at Wayfair

In other Wayfair news, CEO Niraj Shah sold 60,000 shares of the firm's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $56.03, for a total transaction of $3,361,800.00. Following the completion of the transaction, the chief executive officer owned 169,137 shares in the company, valued at approximately $9,476,746.11. This trade represents a 26.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steven Conine sold 60,000 shares of the company's stock in a transaction on Monday, July 21st. The shares were sold at an average price of $56.02, for a total transaction of $3,361,200.00. Following the sale, the insider directly owned 169,073 shares in the company, valued at $9,471,469.46. This trade represents a 26.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 800,204 shares of company stock valued at $40,135,236 in the last 90 days. 21.91% of the stock is owned by corporate insiders.

Wayfair Trading Down 0.6%

W stock traded down $0.41 during mid-day trading on Friday, hitting $65.23. 6,786,779 shares of the company were exchanged, compared to its average volume of 4,283,569. The business has a 50 day simple moving average of $52.00 and a 200-day simple moving average of $42.11. Wayfair Inc. has a 1-year low of $20.41 and a 1-year high of $68.50. The stock has a market capitalization of $8.37 billion, a PE ratio of -22.89 and a beta of 2.92.

Wayfair (NYSE:W - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.10 EPS for the quarter, beating the consensus estimate of ($0.14) by $0.24. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same quarter in the prior year, the firm earned ($0.32) earnings per share. The firm's revenue for the quarter was up .0% on a year-over-year basis. Equities research analysts expect that Wayfair Inc. will post -2.54 earnings per share for the current year.

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.