Insider Selling: Wayfair Inc. (NYSE:W) Director Sells $22,049.50 in Stock

Wayfair Inc. (NYSE:W) Director Anke Schaferkordt sold 475 shares of the firm’s stock in a transaction dated 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 directly owns 13,554 shares in the company, valued at approximately $629,176.68. The trade was a 3.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Wayfair Price Performance

W opened at $43.93 on Friday. The stock has a fifty day moving average price of $47.37 and a 200 day moving average price of $46.84. Wayfair Inc. has a 1 year low of $37.35 and a 1 year high of $76.18.

Institutional Investors Weigh In On Wayfair

Several institutional investors have recently made changes to their positions in W. The Manufacturers Life Insurance Company boosted its holdings in Wayfair by 8.1% in the second quarter. The Manufacturers Life Insurance Company now owns 17,981 shares of the company’s stock worth $948,000 after purchasing an additional 1,355 shares in the last quarter. Truist Financial Corp raised its stake in shares of Wayfair by 46.6% in the 2nd quarter. Truist Financial Corp now owns 9,527 shares of the company’s stock valued at $502,000 after acquiring an additional 3,028 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in Wayfair by 30.8% in the 3rd quarter. Handelsbanken Fonder AB now owns 25,500 shares of the company’s stock worth $1,433,000 after purchasing an additional 6,000 shares during the last quarter. CWM LLC boosted its position in Wayfair by 91.4% during the third quarter. CWM LLC now owns 4,981 shares of the company’s stock worth $280,000 after purchasing an additional 2,378 shares during the period. Finally, Creative Planning raised its position in shares of Wayfair by 2.1% in the third quarter. Creative Planning now owns 13,261 shares of the company’s stock valued at $745,000 after purchasing an additional 272 shares during the period. 89.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on W. Loop Capital increased their price objective on shares of Wayfair from $50.00 to $55.00 and gave the company a “hold” rating in a report on Monday, December 16th. Robert W. Baird lowered their price target on Wayfair from $56.00 to $50.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. Citigroup cut their price objective on Wayfair from $70.00 to $54.00 and set a “buy” rating for the company in a report on Monday, November 4th. Wedbush lowered Wayfair from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $45.00 to $44.00 in a report on Monday, January 6th. Finally, StockNews.com raised shares of Wayfair from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Fourteen investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Wayfair presently has a consensus rating of “Moderate Buy” and an average target price of $60.24.

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.