Kate Gulliver Sells 7,330 Shares of Wayfair Inc. (NYSE:W) Stock

Wayfair Inc. (NYSE:W) CFO Kate Gulliver sold 7,330 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $53.05, for a total value of $388,856.50. Following the transaction, the chief financial officer now directly owns 117,947 shares in the company, valued at approximately $6,257,088.35. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Wayfair Trading Up 6.5 %

W stock opened at $55.83 on Friday. The firm has a 50 day moving average of $46.85 and a 200-day moving average of $54.39. Wayfair Inc. has a 12-month low of $38.02 and a 12-month high of $76.18. The company has a market cap of $6.89 billion, a price-to-earnings ratio of -10.42 and a beta of 3.42.

Wayfair (NYSE:W) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.03). The company had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.18 billion. During the same period in the prior year, the company earned ($1.27) EPS. Wayfair’s revenue was up .2% on a year-over-year basis. Sell-side analysts forecast that Wayfair Inc. will post -2.68 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. WealthPlan Investment Management LLC raised its position in shares of Wayfair by 5.6% during the 1st quarter. WealthPlan Investment Management LLC now owns 5,097 shares of the company’s stock worth $346,000 after purchasing an additional 271 shares during the last quarter. Treasurer of the State of North Carolina raised its position in shares of Wayfair by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 36,486 shares of the company’s stock worth $2,251,000 after purchasing an additional 360 shares during the last quarter. QRG Capital Management Inc. raised its position in shares of Wayfair by 12.0% during the 1st quarter. QRG Capital Management Inc. now owns 3,716 shares of the company’s stock worth $252,000 after purchasing an additional 399 shares during the last quarter. Riverview Trust Co acquired a new position in shares of Wayfair during the 1st quarter worth approximately $27,000. Finally, BI Asset Management Fondsmaeglerselskab A S raised its position in shares of Wayfair by 39.1% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,676 shares of the company’s stock worth $114,000 after purchasing an additional 471 shares during the last quarter. 89.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

W has been the topic of a number of research reports. Loop Capital raised their price target on Wayfair from $45.00 to $55.00 and gave the stock a “hold” rating in a report on Thursday, September 26th. StockNews.com raised Wayfair from a “sell” rating to a “hold” rating in a report on Monday, August 5th. JPMorgan Chase & Co. lowered their price target on Wayfair from $80.00 to $63.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Truist Financial lowered their price target on Wayfair from $70.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Finally, Guggenheim reissued a “buy” rating and set a $70.00 price target on shares of Wayfair in a report on Thursday, September 26th. Twelve investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $65.83.

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.