Wayfair Inc. (NYSE:W) Insider Sells $223,122.38 in Stock

Wayfair Inc. (NYSE:W) insider Jon Blotner sold 4,966 shares of Wayfair stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $44.93, for a total transaction of $223,122.38. Following the transaction, the insider now directly owns 68,089 shares of the company’s stock, valued at approximately $3,059,238.77. This trade represents a 6.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Jon Blotner also recently made the following trade(s):

• On Monday, January 6th, Jon Blotner sold 4,521 shares of Wayfair stock. The shares were sold at an average price of $46.88, for a total transaction of $211,944.48.
• On Monday, October 14th, Jon Blotner sold 4,600 shares of Wayfair stock. The stock was sold at an average price of $53.60, for a total value of $246,560.00.

Wayfair Stock Down 1.6 %

NYSE W opened at $45.29 on Friday. Wayfair Inc. has a 52 week low of $37.35 and a 52 week high of $76.18. The company has a market capitalization of $5.68 billion, a P/E ratio of -10.09 and a beta of 3.43. The stock’s 50-day moving average price is $45.34 and its 200-day moving average price is $47.67.

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

Institutional Investors Weigh In On Wayfair

A number of institutional investors have recently bought and sold shares of W. Tabor Asset Management LP boosted its stake in shares of Wayfair by 11.3% in the third quarter. Tabor Asset Management LP now owns 156,871 shares of the company’s stock worth $8,813,000 after acquiring an additional 15,932 shares during the period. Groupama Asset Managment lifted its holdings in Wayfair by 100.0% in the 3rd quarter. Groupama Asset Managment now owns 1,000,000 shares of the company’s stock worth $56,180,000 after purchasing an additional 500,000 shares in the last quarter. Wellington Management Group LLP boosted its stake in Wayfair by 22.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,097,822 shares of the company’s stock worth $61,676,000 after purchasing an additional 201,157 shares during the period. Highland Peak Capital LLC purchased a new stake in Wayfair during the 2nd quarter valued at approximately $5,165,000. Finally, Sei Investments Co. raised its position in shares of Wayfair by 32.8% during the second quarter. Sei Investments Co. now owns 133,415 shares of the company’s stock valued at $7,035,000 after buying an additional 32,968 shares during the last quarter. Hedge funds and other institutional investors own 89.67% of the company’s stock.

Analyst Ratings Changes

W has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft dropped their target price on Wayfair from $69.00 to $46.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Citigroup cut their price objective on shares of Wayfair from $70.00 to $54.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Loop Capital lifted their target price on shares of Wayfair from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Mizuho dropped their target price on shares of Wayfair from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Finally, Guggenheim reissued a “buy” rating and set a $70.00 price target on shares of Wayfair in a research report on Thursday, September 26th. Fourteen investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus 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.