Thomas Netzer Sells 1,039 Shares of Wayfair Inc. (NYSE:W) Stock

Wayfair Inc. (NYSE:W) COO Thomas Netzer sold 1,039 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $50.65, for a total transaction of $52,625.35. Following the completion of the sale, the chief operating officer now directly owns 171,790 shares of the company’s stock, valued at $8,701,163.50. This trade represents a 0.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Thomas Netzer also recently made the following trade(s):

• On Wednesday, October 2nd, Thomas Netzer sold 8,435 shares of Wayfair stock. The shares were sold at an average price of $53.06, for a total transaction of $447,561.10.

Wayfair Stock Down 3.7 %

Shares of W stock opened at $43.75 on Friday. Wayfair Inc. has a 12 month low of $37.35 and a 12 month high of $76.18. The business’s 50 day moving average is $46.29 and its two-hundred day moving average is $48.74. The company has a market cap of $5.48 billion, a PE ratio of -9.74 and a beta of 3.44.

Wayfair (NYSE:W) last posted its quarterly earnings data on Friday, November 1st. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.09. The business had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the prior year, the company posted ($1.38) earnings per share. The firm’s revenue was down 2.0% compared to the same quarter last year. As a group, equities analysts expect that Wayfair Inc. will post -2.91 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Argus cut shares of Wayfair from a “buy” rating to a “hold” rating in a report on Monday, August 26th. Loop Capital raised their price target on Wayfair from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Monday. StockNews.com raised Wayfair from a “sell” rating to a “hold” rating in a research note on Thursday. Royal Bank of Canada dropped their price objective on Wayfair from $53.00 to $50.00 and set a “sector perform” rating on the stock in a report on Monday, November 4th. Finally, BMO Capital Markets dropped their price objective on Wayfair from $58.00 to $50.00 and set a “market perform” rating on the stock in a report on Monday, November 4th. Thirteen research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Wayfair currently has a consensus rating of “Moderate Buy” and an average target price of $60.28.

Institutional Investors Weigh In On Wayfair

Several hedge funds have recently modified their holdings of W. Creative Planning lifted its position in Wayfair by 2.1% in the third quarter. Creative Planning now owns 13,261 shares of the company’s stock worth $745,000 after purchasing an additional 272 shares during the period. Capital Performance Advisors LLP bought a new position in Wayfair in the third quarter worth $29,000. Optimist Retirement Group LLC lifted its position in Wayfair by 14.9% in the second quarter. Optimist Retirement Group LLC now owns 4,379 shares of the company’s stock worth $231,000 after purchasing an additional 568 shares during the period. Vanguard Personalized Indexing Management LLC lifted its position in Wayfair by 12.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 7,217 shares of the company’s stock worth $381,000 after purchasing an additional 788 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Wayfair in the third quarter worth $44,000. 89.67% of the stock is owned by institutional investors.

Wayfair Company 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.