Wayfair Inc. (NYSE:W) Insider Sells $211,944.48 in Stock

Wayfair Inc. (NYSE:W) insider Jon Blotner sold 4,521 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $46.88, for a total transaction of $211,944.48. Following the transaction, the insider now owns 63,568 shares of the company’s stock, valued at $2,980,067.84. This represents a 6.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Jon Blotner also recently made the following trade(s):

• On Friday, January 3rd, Jon Blotner sold 4,966 shares of Wayfair stock. The shares were sold at an average price of $44.93, for a total transaction of $223,122.38.
• 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 Trading Down 1.6 %

Shares of NYSE W opened at $45.29 on Friday. Wayfair Inc. has a one year low of $37.35 and a one year high of $76.18. The business has a 50-day moving average price of $45.34 and a two-hundred day moving average price of $47.67. The firm has a market capitalization of $5.68 billion, a PE ratio of -10.09 and a beta of 3.43.

Wayfair (NYSE:W) last posted its quarterly earnings results on Friday, November 1st. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.13 by $0.09. The company had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.87 billion. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($1.38) earnings per share. Research analysts anticipate that Wayfair Inc. will post -2.91 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. BMO Capital Markets lowered their target price on Wayfair from $58.00 to $50.00 and set a “market perform” rating on the stock in a research report on Monday, November 4th. Robert W. Baird lowered their price target on Wayfair from $56.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Wayfair in a report on Friday, November 1st. Piper Sandler decreased their target price on shares of Wayfair from $67.00 to $63.00 and set an “overweight” rating for the company in a research report on Monday, October 28th. Finally, Citigroup dropped their price target on shares of Wayfair from $70.00 to $54.00 and set a “buy” 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.24.

Hedge Funds Weigh In On Wayfair

A number of hedge funds have recently modified their holdings of W. Capital Performance Advisors LLP purchased a new position in Wayfair in the third quarter valued at about $29,000. GAMMA Investing LLC lifted its holdings in shares of Wayfair by 65.5% during the 4th quarter. GAMMA Investing LLC now owns 710 shares of the company’s stock valued at $31,000 after buying an additional 281 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Wayfair in the 3rd quarter valued at approximately $44,000. Brooklyn Investment Group acquired a new position in Wayfair in the third quarter worth approximately $50,000. Finally, Northwest & Ethical Investments L.P. bought a new position in Wayfair during the third quarter valued at approximately $67,000. 89.67% of the stock is owned by institutional investors and hedge funds.

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.