On March 31, 2023 at 14:22:27 ET an unusually large
$770.00K block of Put contracts in Wayfair
(W) was bought,
with a strike price of $15.00 / share, expiring in 658 days (on January 17, 2025).
Fintel tracks all large options trades, and the premium spent on this trade was 2.04 sigmas above the mean, placing it in the 98.59 percentile of all recent large trades made in W options.
This trade was first picked up on Fintel’s real time Unusual Option Trades
tool, where unusual option trades are highlighted.
Analyst Price Forecast Suggests 49.44% Upside
As of March 30, 2023,
the average one-year price target for Wayfair is $48.54.
The forecasts range from a low of $30.30 to a high of $113.40.
The average price target represents an increase of 49.44% from its latest reported closing price of $32.48.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Wayfair
is $12,427MM, an increase of 1.71%.
The projected annual non-GAAP EPS
is -$4.65.
What is the Fund Sentiment?
There are 640 funds or institutions reporting positions in Wayfair.
This is a decrease
of
44
owner(s) or 6.43% in the last quarter.
Average portfolio weight of all funds dedicated to W is 0.26%,
an increase
of 14.00%.
Total shares owned by institutions increased
in the last three months by 7.94% to 117,494K shares.
The put/call ratio of W is 2.16, indicating a
bearish
outlook.
What are Large Shareholders Doing?
Capital World Investors
holds 10,530K shares
representing 9.53% ownership of the company.
In it’s prior filing, the firm reported owning 6,032K shares, representing
an increase
of 42.72%.
The firm
increased
its portfolio allocation in W by 67.49% over the last quarter.
Baillie Gifford &
holds 8,573K shares
representing 7.76% ownership of the company.
In it’s prior filing, the firm reported owning 8,883K shares, representing
a decrease
of 3.61%.
The firm
decreased
its portfolio allocation in W by 62.08% over the last quarter.
AGTHX – GROWTH FUND OF AMERICA
holds 6,897K shares
representing 6.24% ownership of the company.
In it’s prior filing, the firm reported owning 4,524K shares, representing
an increase
of 34.41%.
The firm
increased
its portfolio allocation in W by 7.49% over the last quarter.
Prescott General Partners
holds 3,823K shares
representing 3.46% ownership of the company.
No change in the last quarter.
Spruce House Investment Management
holds 3,650K shares
representing 3.30% ownership of the company.
In it’s prior filing, the firm reported owning 3,500K shares, representing
an increase
of 4.11%.
The firm
increased
its portfolio allocation in W by 55.01% over the last quarter.
Wayfair Background Information
(This description is provided by the company.)
Wayfair believes everyone should live in a home they love. Through technology and innovation, Wayfair makes it possible for shoppers to quickly and easily find exactly what they want from a selection of more than 22 million items across home furnishings, décor, home improvement, housewares and more. Committed to delighting its customers every step of the way, Wayfair is reinventing the way people shop for their homes – from product discovery to final delivery.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
