Kate Gulliver Sells 5,754 Shares of Wayfair Inc. (NYSE:W) Stock

Wayfair Inc. (NYSE:W) CFO Kate Gulliver sold 5,754 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $47.06, for a total value of $270,783.24. Following the completion of the sale, the chief financial officer now owns 124,210 shares of the company’s stock, valued at $5,845,322.60. The trade was a 4.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, January 3rd, Kate Gulliver sold 5,974 shares of Wayfair stock. The stock was sold at an average price of $44.95, for a total transaction of $268,531.30.

Wayfair Trading Down 4.8 %

Wayfair stock traded down $2.32 on Tuesday, hitting $46.17. 2,854,610 shares of the stock traded hands, compared to its average volume of 3,330,002. The business’s fifty day simple moving average is $45.18 and its 200 day simple moving average is $47.74. The firm has a market cap of $5.79 billion, a P/E ratio of -10.28 and a beta of 3.43. Wayfair Inc. has a 1 year low of $37.35 and a 1 year high of $76.18.

Wayfair (NYSE:W) last issued its quarterly earnings results 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 business had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.87 billion. The company’s revenue was down 2.0% on a year-over-year basis. During the same period last year, the business earned ($1.38) earnings per share. As a group, analysts predict that Wayfair Inc. will post -2.91 earnings per share for the current year.

Hedge Funds Weigh In On Wayfair

Several large investors have recently made changes to their positions in W. Commonwealth Equity Services LLC raised its position in shares of Wayfair by 38.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 10,221 shares of the company’s stock worth $539,000 after purchasing an additional 2,825 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Wayfair by 26.5% in the second quarter. Victory Capital Management Inc. now owns 228,724 shares of the company’s stock worth $12,061,000 after buying an additional 47,978 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Wayfair by 10.5% during the second quarter. Arizona State Retirement System now owns 25,222 shares of the company’s stock valued at $1,330,000 after buying an additional 2,403 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Wayfair during the second quarter valued at approximately $311,000. Finally, Emerald Mutual Fund Advisers Trust bought a new stake in shares of Wayfair during the second quarter valued at approximately $109,000. 89.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on W. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Wayfair from $69.00 to $46.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Loop Capital lifted their price objective on Wayfair from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Citigroup lowered their target price on Wayfair from $70.00 to $54.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Guggenheim reaffirmed a “buy” rating and issued a $70.00 price target on shares of Wayfair in a research note on Thursday, September 26th. Finally, Truist Financial lowered their price objective on Wayfair from $60.00 to $55.00 and set a “buy” rating for the company in a research 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 stock. According to data from MarketBeat, Wayfair has a consensus rating of “Moderate Buy” and a consensus target price of $60.24.

About Wayfair

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.