Insider Selling: Wayfair Inc. (NYSE:W) Insider Sells 4,966 Shares of Stock

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

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

Wayfair Stock Performance

Shares of W stock traded down $2.32 on Tuesday, hitting $46.17. 2,854,610 shares of the company’s stock traded hands, compared to its average volume of 3,330,002. The stock has a market capitalization of $5.79 billion, a price-to-earnings ratio of -10.28 and a beta of 3.43. The company’s fifty day simple moving average is $45.18 and its 200 day simple moving average is $47.74. Wayfair Inc. has a one year low of $37.35 and a one year high of $76.18.

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

Hedge Funds Weigh In On Wayfair

Several institutional investors and hedge funds have recently bought and sold shares of W. Capital Performance Advisors LLP bought a new stake in Wayfair in the third quarter valued at approximately $29,000. GAMMA Investing LLC increased its stake in shares of Wayfair by 65.5% in the fourth quarter. GAMMA Investing LLC now owns 710 shares of the company’s stock worth $31,000 after buying an additional 281 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in Wayfair during the 3rd quarter valued at $44,000. Brooklyn Investment Group purchased a new stake in Wayfair during the 3rd quarter valued at $50,000. Finally, Northwest & Ethical Investments L.P. bought a new stake in Wayfair in the 3rd quarter worth $67,000. 89.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Mizuho reduced their target price on Wayfair from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Robert W. Baird reduced their price objective on shares of Wayfair from $56.00 to $50.00 and set a “neutral” rating for the company in a research note on Monday, November 4th. Loop Capital increased their target price on shares of Wayfair from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. Stifel Nicolaus cut their price target on shares of Wayfair from $55.00 to $47.00 and set a “hold” rating for the company in a report on Monday, November 4th. Finally, BMO Capital Markets decreased their price target on shares of Wayfair from $58.00 to $50.00 and set a “market perform” rating on the stock in a report on Monday, November 4th. Fourteen research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Wayfair has an average rating of “Moderate Buy” and an average price target of $60.24.

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.