4,937 Shares in Wayfair Inc. (NYSE:W) Purchased by Semanteon Capital Management LP

Semanteon Capital Management LP purchased a new position in shares of Wayfair Inc. (NYSE:W) in the third quarter, HoldingsChannel reports. The institutional investor purchased 4,937 shares of the company’s stock, valued at approximately $277,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital World Investors increased its stake in shares of Wayfair by 0.9% in the first quarter. Capital World Investors now owns 12,145,579 shares of the company’s stock valued at $824,442,000 after purchasing an additional 103,369 shares during the period. Vanguard Group Inc. lifted its position in Wayfair by 4.5% in the 1st quarter. Vanguard Group Inc. now owns 8,467,900 shares of the company’s stock worth $574,801,000 after buying an additional 363,948 shares in the last quarter. Renaissance Technologies LLC lifted its position in Wayfair by 28.0% in the 2nd quarter. Renaissance Technologies LLC now owns 3,086,569 shares of the company’s stock worth $162,755,000 after buying an additional 675,271 shares in the last quarter. Wolf Hill Capital Management LP lifted its position in Wayfair by 22.9% in the 2nd quarter. Wolf Hill Capital Management LP now owns 2,322,906 shares of the company’s stock worth $122,487,000 after buying an additional 432,404 shares in the last quarter. Finally, Maverick Capital Ltd. lifted its position in Wayfair by 46.2% in the 2nd quarter. Maverick Capital Ltd. now owns 721,618 shares of the company’s stock worth $38,051,000 after buying an additional 227,908 shares in the last quarter. 89.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Wayfair

In other news, insider Jon Blotner sold 4,600 shares of Wayfair stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $53.60, for a total transaction of $246,560.00. Following the sale, the insider now directly owns 52,078 shares of the company’s stock, valued at approximately $2,791,380.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CTO Fiona Tan sold 10,040 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $53.06, for a total transaction of $532,722.40. Following the completion of the sale, the chief technology officer now owns 84,655 shares in the company, valued at approximately $4,491,794.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jon Blotner sold 4,600 shares of the company’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $53.60, for a total value of $246,560.00. Following the completion of the transaction, the insider now owns 52,078 shares of the company’s stock, valued at $2,791,380.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,891 shares of company stock worth $2,007,213 over the last 90 days. Insiders own 23.50% of the company’s stock.

Wayfair Price Performance

Wayfair stock opened at $44.43 on Tuesday. The firm has a 50-day moving average of $48.77 and a 200-day moving average of $52.89. Wayfair Inc. has a one year low of $38.02 and a one year high of $76.18. The company has a market cap of $5.49 billion, a price-to-earnings ratio of -8.40 and a beta of 3.42.

Wayfair (NYSE:W) last posted its earnings results on Thursday, August 1st. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). The firm had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.18 billion. During the same period in the prior year, the company earned ($1.27) earnings per share. The business’s quarterly revenue was up .2% on a year-over-year basis. As a group, sell-side analysts expect that Wayfair Inc. will post -2.68 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on W. Citigroup cut their target price on shares of Wayfair from $85.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Stifel Nicolaus cut their price target on shares of Wayfair from $56.00 to $55.00 and set a “hold” rating on the stock in a report on Friday, August 2nd. JPMorgan Chase & Co. lowered their target price on shares of Wayfair from $80.00 to $63.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Wedbush lowered their target price on shares of Wayfair from $60.00 to $50.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, Piper Sandler lowered their target price on shares of Wayfair from $67.00 to $63.00 and set an “overweight” rating on the stock in a research note on Monday. Twelve research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Wayfair currently has a consensus rating of “Moderate Buy” and an average target price of $64.64.

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.