Insider Selling: Wayfair Inc. (NYSE:W) Insider Sells 4,966 Shares of Stock

Wayfair Inc. (NYSE:W) insider Jon Blotner sold 4,966 shares of Wayfair stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $44.93, for a total value of $223,122.38. Following the completion of the sale, the insider now owns 68,089 shares of the company’s stock, valued at approximately $3,059,238.77. The trade was a 6.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, January 6th, Jon Blotner sold 4,521 shares of Wayfair stock. The shares were sold at an average price of $46.88, for a total transaction of $211,944.48.
• On Monday, October 14th, Jon Blotner sold 4,600 shares of Wayfair stock. The stock was sold at an average price of $53.60, for a total transaction of $246,560.00.

Wayfair Stock Down 4.8 %

Shares of W opened at $46.17 on Wednesday. Wayfair Inc. has a twelve month low of $37.35 and a twelve month high of $76.18. The stock has a market capitalization of $5.79 billion, a P/E ratio of -10.28 and a beta of 3.43. The company has a 50 day moving average of $45.18 and a 200-day moving average of $47.74.

Wayfair (NYSE:W) last released its earnings results on Friday, November 1st. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.09. The business had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same period last year, the business posted ($1.38) EPS. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, sell-side analysts anticipate that Wayfair Inc. will post -2.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

W has been the subject of a number of analyst reports. Royal Bank of Canada lowered their target price 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. Guggenheim reiterated a “buy” rating and issued a $70.00 price objective on shares of Wayfair in a report on Thursday, September 26th. Mizuho reduced their target price on Wayfair from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. Piper Sandler lowered their price target on Wayfair from $67.00 to $63.00 and set an “overweight” rating for the company in a research note on Monday, October 28th. Finally, Stifel Nicolaus reduced their price objective on shares of Wayfair from $55.00 to $47.00 and set a “hold” rating on the stock in a research note on Monday, November 4th. Fourteen investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Wayfair has an average rating of “Moderate Buy” and an average target price of $60.24.

Hedge Funds Weigh In On Wayfair

Several hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC raised its holdings in Wayfair by 65.5% during the fourth quarter. GAMMA Investing LLC now owns 710 shares of the company’s stock worth $31,000 after acquiring an additional 281 shares in the last quarter. 272 Capital LP increased its position in shares of Wayfair by 15.7% during the 3rd quarter. 272 Capital LP now owns 44,053 shares of the company’s stock worth $2,475,000 after purchasing an additional 5,965 shares during the last quarter. Tidal Investments LLC raised its stake in shares of Wayfair by 18.1% during the 3rd quarter. Tidal Investments LLC now owns 21,665 shares of the company’s stock worth $1,217,000 after purchasing an additional 3,320 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Wayfair by 16.5% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 147,436 shares of the company’s stock valued at $8,283,000 after buying an additional 20,884 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Wayfair by 2.4% in the third quarter. Geode Capital Management LLC now owns 1,524,854 shares of the company’s stock valued at $85,690,000 after buying an additional 35,268 shares in the last quarter. Institutional investors own 89.67% of the company’s stock.

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.