My Personal CFO LLC Sells 1,773 Shares of Wayfair Inc. (NYSE:W)

My Personal CFO LLC cut its holdings in shares of Wayfair Inc. (NYSE:W) by 7.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,006 shares of the company’s stock after selling 1,773 shares during the quarter. My Personal CFO LLC’s holdings in Wayfair were worth $1,180,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Wayfair by 4.5% in the first quarter. Vanguard Group Inc. now owns 8,467,900 shares of the company’s stock worth $574,801,000 after purchasing an additional 363,948 shares during the last quarter. SageView Advisory Group LLC bought a new stake in Wayfair during the first quarter worth approximately $937,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Wayfair by 250.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 167,170 shares of the company’s stock worth $11,347,000 after acquiring an additional 119,415 shares during the last quarter. Sei Investments Co. increased its stake in Wayfair by 14.6% during the first quarter. Sei Investments Co. now owns 100,447 shares of the company’s stock worth $6,818,000 after acquiring an additional 12,809 shares during the last quarter. Finally, Highland Peak Capital LLC bought a new stake in Wayfair during the second quarter worth approximately $5,165,000. 89.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

W has been the subject of several recent analyst reports. Stifel Nicolaus dropped their target price on Wayfair from $56.00 to $55.00 and set a “hold” rating for the company in a research report on Friday, August 2nd. Argus lowered Wayfair from a “buy” rating to a “hold” rating in a research report on Monday, August 26th. Bank of America lowered Wayfair from a “buy” rating to a “neutral” rating and dropped their target price for the company from $85.00 to $58.00 in a research report on Thursday, August 1st. Truist Financial dropped their target price on Wayfair from $70.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Finally, Gordon Haskett lowered Wayfair from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Twelve analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $65.80.

Wayfair Stock Performance

Shares of NYSE W traded up $0.22 during mid-day trading on Tuesday, hitting $47.56. The stock had a trading volume of 3,792,759 shares, compared to its average volume of 4,260,479. The company has a 50 day moving average of $48.51 and a two-hundred day moving average of $53.40. Wayfair Inc. has a twelve month low of $38.02 and a twelve month high of $76.18. The firm has a market cap of $5.72 billion, a PE ratio of -8.70 and a beta of 3.42.

Wayfair (NYSE:W) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.03). The business had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.18 billion. During the same quarter last year, the firm posted ($1.27) earnings per share. The business’s revenue was up .2% compared to the same quarter last year. Equities research analysts predict that Wayfair Inc. will post -2.68 EPS for the current fiscal year.

Insider Buying and Selling at Wayfair

In other news, COO Thomas Netzer sold 1,011 shares of the 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO Kate Gulliver sold 7,330 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $53.05, for a total value of $388,856.50. Following the transaction, the chief financial officer now directly owns 117,947 shares of the company’s stock, valued at approximately $6,257,088.35. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Thomas Netzer sold 1,011 shares of the firm’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 completion of the transaction, the chief operating officer now directly owns 151,802 shares in the company, valued at $7,502,054.84. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,891 shares of company stock valued at $2,007,213. 26.81% of the stock is owned by insiders.

Wayfair 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.