Insider Selling: Wayfair Inc. (NYSE:W) Insider Sells 4,521 Shares of Stock

Wayfair Inc. (NYSE:W) insider Jon Blotner sold 4,521 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $46.88, for a total transaction of $211,944.48. Following the completion of the transaction, the insider now owns 63,568 shares of the company’s stock, valued at $2,980,067.84. This represents a 6.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, January 3rd, Jon Blotner sold 4,966 shares of Wayfair stock. The shares were sold at an average price of $44.93, for a total value of $223,122.38.
• 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 value of $246,560.00.

Wayfair Stock Performance

W traded down $2.32 on Tuesday, hitting $46.17. 2,854,610 shares of the company were exchanged, compared to its average volume of 3,330,002. The business’s fifty day moving average is $45.18 and its 200 day moving average is $47.74. Wayfair Inc. has a fifty-two week low of $37.35 and a fifty-two week high of $76.18. The firm has a market capitalization of $5.79 billion, a P/E ratio of -10.28 and a beta of 3.43.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in W. GAMMA Investing LLC boosted its position in shares of Wayfair by 65.5% in the 4th quarter. GAMMA Investing LLC now owns 710 shares of the company’s stock worth $31,000 after buying an additional 281 shares in the last quarter. 272 Capital LP lifted its holdings in shares of Wayfair by 15.7% in the third quarter. 272 Capital LP now owns 44,053 shares of the company’s stock valued at $2,475,000 after purchasing an additional 5,965 shares in the last quarter. Tidal Investments LLC grew its position in shares of Wayfair by 18.1% in the third quarter. Tidal Investments LLC now owns 21,665 shares of the company’s stock valued at $1,217,000 after purchasing an additional 3,320 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in shares of Wayfair by 16.5% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 147,436 shares of the company’s stock worth $8,283,000 after purchasing an additional 20,884 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Wayfair by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,524,854 shares of the company’s stock worth $85,690,000 after purchasing an additional 35,268 shares during the last quarter. Hedge funds and other institutional investors own 89.67% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on W shares. Truist Financial decreased their price objective on Wayfair from $60.00 to $55.00 and set a “buy” rating for the company in a report on Monday, November 4th. Robert W. Baird decreased their price target on shares of Wayfair from $56.00 to $50.00 and set a “neutral” rating for the company in a research note on Monday, November 4th. Wedbush downgraded shares of Wayfair from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $45.00 to $44.00 in a research report on Monday. Loop Capital upped their target price on shares of Wayfair from $50.00 to $55.00 and gave the company a “hold” rating in a report on Monday, December 16th. Finally, BMO Capital Markets lowered their price target on Wayfair from $58.00 to $50.00 and set a “market perform” rating on the stock in a report on Monday, November 4th. Fourteen equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $60.24.

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.