Wayfair Inc. (NYSE:W) Director Sells $22,049.50 in Stock

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

Wayfair Stock Up 2.0 %

NYSE W traded up $0.95 during trading on Wednesday, hitting $48.34. The company’s stock had a trading volume of 1,638,601 shares, compared to its average volume of 3,318,800. Wayfair Inc. has a 52 week low of $37.35 and a 52 week high of $76.18. The firm has a market cap of $6.06 billion, a P/E ratio of -10.77 and a beta of 3.43. The firm has a 50 day moving average price of $47.27 and a 200 day moving average price of $46.83.

Analysts Set New Price Targets

A number of brokerages have issued reports on W. Truist Financial cut their target price on shares of Wayfair from $60.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Royal Bank of Canada decreased their price objective on shares of Wayfair from $53.00 to $50.00 and set a “sector perform” rating for the company in a report on Monday, November 4th. Stifel Nicolaus cut their price target on shares of Wayfair from $55.00 to $47.00 and set a “hold” rating for the company in a report on Monday, November 4th. Piper Sandler decreased their price target on Wayfair from $67.00 to $63.00 and set an “overweight” rating for the company in a research report on Monday, October 28th. Finally, Wedbush cut Wayfair from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $45.00 to $44.00 in a research report on Monday, January 6th. Fourteen research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.24.

Institutional Trading of Wayfair

Several institutional investors have recently modified their holdings of the company. Capital Performance Advisors LLP bought a new position in Wayfair during the 3rd quarter valued at about $29,000. GAMMA Investing LLC grew its holdings in Wayfair by 65.5% during the 4th quarter. GAMMA Investing LLC now owns 710 shares of the company’s stock worth $31,000 after acquiring an additional 281 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Wayfair during the third quarter worth $44,000. Venturi Wealth Management LLC bought a new stake in shares of Wayfair in the 4th quarter valued at about $45,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in Wayfair in the fourth quarter valued at approximately $48,000. Institutional investors and hedge funds own 89.67% of the company’s stock.

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.