Anke Schaferkordt Sells 475 Shares of Wayfair Inc. (NYSE:W) Stock

Wayfair Inc. (NYSE:W) Director Anke Schaferkordt sold 475 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $46.42, for a total transaction of $22,049.50. Following the completion of the sale, the director now directly owns 13,554 shares of the company’s stock, valued at $629,176.68. The trade was a 3.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Wayfair Trading Down 2.0 %

NYSE:W opened at $47.36 on Friday. Wayfair Inc. has a one year low of $37.35 and a one year high of $76.18. The business’s 50-day simple moving average is $47.33 and its 200 day simple moving average is $46.84.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on W shares. Needham & Company LLC reaffirmed a “buy” rating and set a $60.00 price objective on shares of Wayfair in a research report on Friday, November 1st. Mizuho dropped their price objective on shares of Wayfair from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. Piper Sandler cut 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. Robert W. Baird reduced their price objective on Wayfair from $56.00 to $50.00 and set a “neutral” rating for the company in a research note on Monday, November 4th. Finally, StockNews.com raised shares of Wayfair from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. 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. Based on data from MarketBeat.com, Wayfair presently has a consensus rating of “Moderate Buy” and an average price target of $60.24.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Southpoint Capital Advisors LP bought a new stake in Wayfair in the 3rd quarter valued at about $78,652,000. Holocene Advisors LP raised its holdings in shares of Wayfair by 5,699.8% during the third quarter. Holocene Advisors LP now owns 1,235,193 shares of the company’s stock valued at $69,393,000 after buying an additional 1,213,896 shares during the last quarter. Baillie Gifford & Co. boosted its position in shares of Wayfair by 13.6% during the fourth quarter. Baillie Gifford & Co. now owns 6,179,761 shares of the company’s stock worth $273,887,000 after buying an additional 740,641 shares during the period. Groupama Asset Managment grew 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 buying an additional 500,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Wayfair by 35.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 974,255 shares of the company’s stock valued at $54,734,000 after acquiring an additional 253,681 shares during the period. Institutional investors own 89.67% of the company’s stock.

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.