XTX Topco Ltd Invests $557,000 in Wayfair Inc. (NYSE:W)

XTX Topco Ltd bought a new stake in Wayfair Inc. (NYSE:W) in the third quarter, HoldingsChannel reports. The fund bought 9,918 shares of the company’s stock, valued at approximately $557,000.

Other hedge funds have also modified their holdings of the company. Creative Planning boosted its position in Wayfair by 2.1% in the 3rd quarter. Creative Planning now owns 13,261 shares of the company’s stock valued at $745,000 after buying an additional 272 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in Wayfair in the third quarter valued at about $29,000. Optimist Retirement Group LLC increased its holdings in Wayfair by 14.9% during the 2nd quarter. Optimist Retirement Group LLC now owns 4,379 shares of the company’s stock worth $231,000 after purchasing an additional 568 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of Wayfair by 12.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 7,217 shares of the company’s stock valued at $381,000 after purchasing an additional 788 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Wayfair during the 3rd quarter valued at approximately $44,000. 89.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Wayfair

In other news, COO Thomas Netzer sold 1,011 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $49.42, for a total transaction of $49,963.62. Following the transaction, the chief operating officer now directly owns 151,802 shares of the company’s stock, valued at approximately $7,502,054.84. This trade represents a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kate Gulliver sold 7,330 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $53.05, for a total transaction of $388,856.50. Following the completion of the sale, the chief financial officer now directly owns 117,947 shares of the company’s stock, valued at $6,257,088.35. The trade was a 5.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 97,868 shares of company stock valued at $4,866,748 in the last quarter. Corporate insiders own 26.81% of the company’s stock.

Wayfair Stock Down 1.8 %

Shares of NYSE:W opened at $52.29 on Friday. The company’s 50-day moving average price is $47.00 and its 200 day moving average price is $49.12. The company has a market cap of $6.55 billion, a PE ratio of -11.65 and a beta of 3.44. Wayfair Inc. has a fifty-two week low of $37.35 and a fifty-two week high of $76.18.

Wayfair (NYSE:W) last released its quarterly earnings results on Friday, November 1st. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.09. The business had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.87 billion. The business’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period last year, the firm posted ($1.38) EPS. As a group, equities analysts anticipate that Wayfair Inc. will post -2.91 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on W shares. Robert W. Baird dropped their price target on shares of Wayfair from $56.00 to $50.00 and set a “neutral” rating for the company in a research note on Monday, November 4th. BMO Capital Markets cut their target price on shares of Wayfair from $58.00 to $50.00 and set a “market perform” rating on the stock in a research note on Monday, November 4th. Stifel Nicolaus reduced their price target on shares of Wayfair from $55.00 to $47.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. Mizuho lowered their price objective on Wayfair from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Finally, StockNews.com downgraded Wayfair from a “hold” rating to a “sell” rating in a report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, twelve have issued 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $60.28.

About Wayfair

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.