Wayfair Inc. (NYSE:W) CFO Kate Gulliver Sells 5,754 Shares

Wayfair Inc. (NYSE:W) CFO Kate Gulliver sold 5,754 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $47.06, for a total value of $270,783.24. Following the transaction, the chief financial officer now directly owns 124,210 shares in the company, valued at $5,845,322.60. The trade was a 4.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Kate Gulliver also recently made the following trade(s):

• On Friday, January 3rd, Kate Gulliver sold 5,974 shares of Wayfair stock. The stock was sold at an average price of $44.95, for a total transaction of $268,531.30.

Wayfair Stock Performance

Shares of W stock opened at $46.17 on Wednesday. Wayfair Inc. has a fifty-two week low of $37.35 and a fifty-two week high of $76.18. The stock’s fifty day moving average price is $45.18 and its two-hundred day moving average price is $47.74. The company has a market cap of $5.79 billion, a PE ratio of -10.28 and a beta of 3.43.

Wayfair (NYSE:W) last issued its earnings results on Friday, November 1st. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.13 by $0.09. The business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same period in the previous year, the firm posted ($1.38) EPS. The firm’s revenue was down 2.0% compared to the same quarter last year. On average, equities analysts predict that Wayfair Inc. will post -2.91 EPS for the current fiscal year.

Hedge Funds Weigh In On Wayfair

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tabor Asset Management LP grew its holdings in shares of Wayfair by 11.3% during the third quarter. Tabor Asset Management LP now owns 156,871 shares of the company’s stock worth $8,813,000 after purchasing an additional 15,932 shares during the last quarter. Groupama Asset Managment grew its holdings in Wayfair by 100.0% during the 3rd quarter. Groupama Asset Managment now owns 1,000,000 shares of the company’s stock worth $56,180,000 after acquiring an additional 500,000 shares during the last quarter. Wellington Management Group LLP increased its position in Wayfair by 22.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,097,822 shares of the company’s stock valued at $61,676,000 after acquiring an additional 201,157 shares during the period. Highland Peak Capital LLC bought a new position in shares of Wayfair during the second quarter valued at $5,165,000. Finally, Sei Investments Co. lifted its holdings in shares of Wayfair by 32.8% during the second quarter. Sei Investments Co. now owns 133,415 shares of the company’s stock worth $7,035,000 after purchasing an additional 32,968 shares during the period. Institutional investors own 89.67% of the company’s stock.

Analyst Upgrades and Downgrades

W has been the topic of several research analyst reports. Loop Capital increased their price objective on shares of Wayfair from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Piper Sandler lowered their price target on shares of Wayfair from $67.00 to $63.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. Needham & Company LLC restated a “buy” rating and set a $60.00 price objective on shares of Wayfair in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft decreased their target price on Wayfair from $69.00 to $46.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Finally, Wedbush cut Wayfair from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $45.00 to $44.00 in a report on Monday. Fourteen research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $60.24.

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.