Insider Selling: Wayfair Inc. (NYSE:W) Director Sells 475 Shares of Stock

Wayfair Inc. (NYSE:W) Director Anke Schaferkordt sold 475 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $46.42, for a total transaction of $22,049.50. Following the transaction, the director now owns 13,554 shares in the company, valued at $629,176.68. This represents a 3.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Wayfair Stock Down 2.0 %

NYSE:W opened at $47.36 on Friday. Wayfair Inc. has a fifty-two week low of $37.35 and a fifty-two week high of $76.18. The stock’s 50-day moving average is $47.33 and its two-hundred day moving average is $46.84.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on W shares. Loop Capital lifted their price target on Wayfair from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Piper Sandler lowered their target price on Wayfair from $67.00 to $63.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. Needham & Company LLC reissued a “buy” rating and issued a $60.00 price target on shares of Wayfair in a report on Friday, November 1st. Robert W. Baird reduced their price objective on shares of Wayfair from $56.00 to $50.00 and set a “neutral” rating for the company in a research report on Monday, November 4th. Finally, UBS Group dropped their target price on shares of Wayfair from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. Fourteen 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 company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $60.24.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. J.Safra Asset Management Corp grew its stake in Wayfair by 71.3% in the fourth quarter. J.Safra Asset Management Corp now owns 586 shares of the company’s stock valued at $26,000 after purchasing an additional 244 shares in the last quarter. Creative Planning grew its stake in shares of Wayfair by 2.1% in the 3rd quarter. Creative Planning now owns 13,261 shares of the company’s stock valued at $745,000 after buying an additional 272 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Wayfair by 65.5% in 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 in the last quarter. Jones Financial Companies Lllp increased its holdings in Wayfair by 577.0% in the fourth quarter. Jones Financial Companies Lllp now owns 589 shares of the company’s stock worth $26,000 after buying an additional 502 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new position in Wayfair during the third quarter valued at approximately $29,000. 89.67% of the stock is owned by hedge funds and other institutional investors.

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.