Jon Blotner Sells 5,669 Shares of Wayfair Inc. (NYSE:W) Stock

Wayfair Inc. (NYSE:W) insider Jon Blotner sold 5,669 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $42.83, for a total transaction of $242,803.27. Following the completion of the sale, the insider now directly owns 57,899 shares of the company’s stock, valued at approximately $2,479,814.17. This trade represents a 8.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, January 6th, Jon Blotner sold 4,521 shares of Wayfair stock. The stock was sold at an average price of $46.88, for a total transaction of $211,944.48.
• On Friday, January 3rd, Jon Blotner sold 4,966 shares of Wayfair stock. The stock was sold at an average price of $44.93, for a total transaction of $223,122.38.

Wayfair Trading Down 2.1 %

NYSE:W traded down $0.90 during midday trading on Tuesday, hitting $42.81. 3,284,440 shares of the company were exchanged, compared to its average volume of 3,259,277. The company has a fifty day simple moving average of $45.46 and a 200 day simple moving average of $47.52. Wayfair Inc. has a fifty-two week low of $37.35 and a fifty-two week high of $76.18. The company has a market capitalization of $5.36 billion, a PE ratio of -9.53 and a beta of 3.43.

Wayfair (NYSE:W) last posted its quarterly earnings data on Friday, November 1st. The company reported $0.22 EPS 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 analyst estimates of $2.87 billion. The company’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 firm posted ($1.38) earnings per share. As a group, equities research analysts expect that Wayfair Inc. will post -2.91 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on W. Guggenheim reaffirmed a “buy” rating and set a $70.00 price objective on shares of Wayfair in a research report on Thursday, September 26th. Mizuho lowered their price objective on shares of Wayfair from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. Robert W. Baird lowered 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. Piper Sandler decreased their price target 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, UBS Group decreased their price target on shares of Wayfair from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Tuesday, October 22nd. Fourteen research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.24.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Creative Planning increased its stake in shares of Wayfair by 2.1% during the third quarter. Creative Planning now owns 13,261 shares of the company’s stock worth $745,000 after acquiring an additional 272 shares during the period. GAMMA Investing LLC increased its stake in shares of 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 during the period. Capital Performance Advisors LLP acquired a new position in shares of Wayfair during the third quarter worth about $29,000. Optimist Retirement Group LLC increased its stake in shares of Wayfair by 14.9% during the second quarter. Optimist Retirement Group LLC now owns 4,379 shares of the company’s stock worth $231,000 after acquiring an additional 568 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in Wayfair by 12.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 7,217 shares of the company’s stock worth $381,000 after buying an additional 788 shares in the last quarter. 89.67% of the stock is currently owned by institutional investors and hedge funds.

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.