Thomas Netzer Sells 1,011 Shares of Wayfair Inc. (NYSE:W) Stock

Wayfair Inc. (NYSE:W) COO Thomas Netzer sold 1,011 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $49.42, for a total transaction of $49,963.62. Following the sale, the chief operating officer now directly owns 151,802 shares of the company’s stock, valued at $7,502,054.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Thomas Netzer also recently made the following trade(s):

• On Tuesday, July 2nd, Thomas Netzer sold 6,625 shares of Wayfair stock. The shares were sold at an average price of $50.74, for a total transaction of $336,152.50.

Wayfair Stock Up 7.1 %

Wayfair stock opened at $54.35 on Friday. Wayfair Inc. has a 12 month low of $38.02 and a 12 month high of $76.18. The stock has a market cap of $6.54 billion, a price-to-earnings ratio of -10.14 and a beta of 3.40. The business has a 50 day moving average price of $46.56 and a two-hundred day moving average price of $54.93.

Wayfair (NYSE:W) last issued its earnings results on Thursday, August 1st. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). The company had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.18 billion. During the same period last year, the firm earned ($1.27) EPS. The company’s quarterly revenue was up .2% compared to the same quarter last year. On average, analysts expect that Wayfair Inc. will post -2.66 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on W. Raymond James decreased their target price on Wayfair from $70.00 to $65.00 and set a “strong-buy” rating for the company in a research report on Friday, August 2nd. Bank of America lowered Wayfair from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $85.00 to $58.00 in a research report on Thursday, August 1st. Citigroup lowered their target price on Wayfair from $85.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. StockNews.com raised shares of Wayfair from a “sell” rating to a “hold” rating in a research report on Monday, August 5th. Finally, The Goldman Sachs Group dropped their price objective on shares of Wayfair from $67.00 to $54.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Twelve analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.63.

Hedge Funds Weigh In On Wayfair

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Capital World Investors boosted its stake in Wayfair by 8.7% in the 4th quarter. Capital World Investors now owns 12,042,210 shares of the company’s stock valued at $743,004,000 after buying an additional 962,307 shares in the last quarter. Norges Bank bought a new stake in shares of Wayfair in the 4th quarter worth about $47,374,000. Renaissance Technologies LLC increased its position in shares of Wayfair by 28.0% during the 2nd quarter. Renaissance Technologies LLC now owns 3,086,569 shares of the company’s stock worth $162,755,000 after purchasing an additional 675,271 shares in the last quarter. Wolf Hill Capital Management LP boosted its position in Wayfair by 22.9% in the second quarter. Wolf Hill Capital Management LP now owns 2,322,906 shares of the company’s stock valued at $122,487,000 after buying an additional 432,404 shares in the last quarter. Finally, Kodai Capital Management LP bought a new position in shares of Wayfair in the fourth quarter valued at approximately $23,552,000. 89.67% of the stock is owned by institutional investors.

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.