Insider Selling: Wayfair Inc. (NYSE:W) CFO Sells 5,974 Shares of Stock

Wayfair Inc. (NYSE:W) CFO Kate Gulliver sold 5,974 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $44.95, for a total value of $268,531.30. Following the completion of the transaction, the chief financial officer now directly owns 129,964 shares of the company’s stock, valued at $5,841,881.80. The trade was a 4.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Monday, January 6th, Kate Gulliver sold 5,754 shares of Wayfair stock. The shares were sold at an average price of $47.06, for a total transaction of $270,783.24.

Wayfair Price Performance

NYSE:W opened at $45.29 on Friday. The company’s 50-day moving average is $45.34 and its two-hundred day moving average is $47.67. Wayfair Inc. has a 1-year low of $37.35 and a 1-year high of $76.18. The firm has a market capitalization of $5.68 billion, a price-to-earnings ratio of -10.09 and a beta of 3.43.

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

Institutional Trading of Wayfair

Hedge funds and other institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC boosted its stake in Wayfair by 28.0% during the second quarter. Renaissance Technologies LLC now owns 3,086,569 shares of the company’s stock worth $162,755,000 after buying an additional 675,271 shares during the period. Wolf Hill Capital Management LP lifted its holdings in shares of Wayfair by 22.9% in the 2nd quarter. Wolf Hill Capital Management LP now owns 2,322,906 shares of the company’s stock worth $122,487,000 after acquiring an additional 432,404 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Wayfair by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,524,854 shares of the company’s stock worth $85,690,000 after purchasing an additional 35,268 shares during the period. Southpoint Capital Advisors LP acquired a new stake in Wayfair in the 3rd quarter valued at approximately $78,652,000. Finally, Holocene Advisors LP raised its position in Wayfair by 5,699.8% in the third quarter. Holocene Advisors LP now owns 1,235,193 shares of the company’s stock valued at $69,393,000 after purchasing an additional 1,213,896 shares during the period. 89.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on W. Royal Bank of Canada dropped their price target on shares of Wayfair from $53.00 to $50.00 and set a “sector perform” rating on the stock in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft cut their price target on Wayfair from $69.00 to $46.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Wedbush downgraded Wayfair from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $45.00 to $44.00 in a research report on Monday. Guggenheim restated a “buy” rating and issued a $70.00 price objective on shares of Wayfair in a research report on Thursday, September 26th. Finally, Mizuho decreased their target price on Wayfair from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Fourteen analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.