Wayfair Inc. (NYSE:W) CFO Kate Gulliver Sells 19,296 Shares

Wayfair Inc. (NYSE:W) CFO Kate Gulliver sold 19,296 shares of Wayfair stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $31.67, for a total value of $611,104.32. Following the sale, the chief financial officer now directly owns 144,474 shares of the company’s stock, valued at $4,575,491.58. This trade represents a 11.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 stock was sold at an average price of $47.06, for a total transaction of $270,783.24.
• On Friday, January 3rd, Kate Gulliver sold 5,974 shares of Wayfair stock. The shares were sold at an average price of $44.95, for a total value of $268,531.30.

Wayfair Stock Up 5.5 %

Shares of NYSE W traded up $1.76 during midday trading on Wednesday, reaching $33.70. The company had a trading volume of 6,463,138 shares, compared to its average volume of 4,328,821. Wayfair Inc. has a one year low of $27.91 and a one year high of $76.18. The firm’s fifty day moving average price is $40.69 and its 200-day moving average price is $45.09. The stock has a market cap of $4.28 billion, a PE ratio of -8.38 and a beta of 3.44.

Wayfair (NYSE:W) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.96) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($1.01). The firm had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.07 billion. As a group, equities research analysts expect that Wayfair Inc. will post -2.54 EPS for the current year.

Hedge Funds Weigh In On Wayfair

Several hedge funds have recently added to or reduced their stakes in the business. Southpoint Capital Advisors LP increased its position in Wayfair by 100.0% during the fourth quarter. Southpoint Capital Advisors LP now owns 2,800,000 shares of the company’s stock worth $124,096,000 after acquiring an additional 1,400,000 shares during the period. Holocene Advisors LP lifted 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 worth $69,393,000 after purchasing an additional 1,213,896 shares during the period. Capital World Investors boosted its holdings in Wayfair by 6.2% in the fourth quarter. Capital World Investors now owns 13,506,200 shares of the company’s stock worth $598,596,000 after acquiring an additional 782,757 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in shares of Wayfair by 13.6% in the 4th 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 last quarter. Finally, Norges Bank bought a new stake in Wayfair during the 4th quarter worth approximately $31,472,000. 89.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on W shares. Wedbush reissued a “neutral” rating and set a $46.00 price target (up from $44.00) on shares of Wayfair in a research report on Friday, February 21st. Needham & Company LLC restated a “buy” rating and set a $50.00 price target on shares of Wayfair in a report on Friday, February 21st. Truist Financial decreased their target price on shares of Wayfair from $55.00 to $53.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Raymond James set a $60.00 target price on Wayfair and gave the company a “strong-buy” rating in a research note on Friday, February 21st. Finally, BMO Capital Markets upped their target price on shares of Wayfair from $50.00 to $55.00 and gave the company a “market perform” rating in a research report on Friday, February 21st. Fourteen research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $56.81.

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.