Semanteon Capital Management LP Takes Position in Wayfair Inc. (NYSE:W)

Semanteon Capital Management LP bought a new stake in shares of Wayfair Inc. (NYSE:W) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,937 shares of the company’s stock, valued at approximately $277,000.

Other hedge funds have also recently made changes to their positions in the company. ORG Partners LLC bought a new position in shares of Wayfair in the first quarter worth about $37,000. International Assets Investment Management LLC bought a new stake in shares of Wayfair in the 2nd quarter valued at approximately $58,000. Comerica Bank lifted its stake in shares of Wayfair by 210.9% in the 1st quarter. Comerica Bank now owns 1,222 shares of the company’s stock valued at $83,000 after purchasing an additional 829 shares during the last quarter. Emerald Mutual Fund Advisers Trust bought a new stake in shares of Wayfair in the 2nd quarter valued at approximately $109,000. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Wayfair by 39.1% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,676 shares of the company’s stock valued at $114,000 after purchasing an additional 471 shares during the last quarter. 89.67% of the stock is owned by hedge funds and other institutional investors.

Wayfair Stock Up 0.1 %

W stock opened at $44.43 on Tuesday. The business has a fifty day moving average of $48.77 and a two-hundred day moving average of $52.89. The stock has a market cap of $5.49 billion, a price-to-earnings ratio of -8.40 and a beta of 3.42. Wayfair Inc. has a 52-week low of $38.02 and a 52-week high of $76.18.

Wayfair (NYSE:W) last issued its quarterly earnings data 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 analyst estimates of $3.18 billion. During the same period in the previous year, the firm earned ($1.27) earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis. As a group, sell-side analysts anticipate that Wayfair Inc. will post -2.68 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on W shares. UBS Group decreased their price target on Wayfair from $70.00 to $65.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. Raymond James decreased their price target on Wayfair from $70.00 to $65.00 and set a “strong-buy” rating for the company in a research note on Friday, August 2nd. Piper Sandler decreased their target price on Wayfair from $67.00 to $63.00 and set an “overweight” rating for the company in a research report on Monday. Gordon Haskett lowered Wayfair from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Barclays decreased their target price on Wayfair from $58.00 to $51.00 and set an “equal weight” rating for the company in a research report on Monday, August 5th. Twelve research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $64.64.

Insider Activity at Wayfair

In other news, 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 in the company, valued at approximately $2,791,380.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CTO Fiona Tan sold 10,040 shares of the company’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $53.06, for a total transaction of $532,722.40. Following the transaction, the chief technology officer now directly owns 84,655 shares of the company’s stock, valued at $4,491,794.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jon Blotner sold 4,600 shares of the firm’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $53.60, for a total transaction of $246,560.00. Following the completion of the sale, 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. Over the last three months, insiders sold 37,891 shares of company stock worth $2,007,213. Company insiders own 23.50% of the company’s stock.

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.