Wayfair Inc. (NYSE:W) Insider Sells $242,803.27 in 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 value of $242,803.27. Following the transaction, the insider now owns 57,899 shares in the company, valued at $2,479,814.17. This trade represents a 8.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, January 6th, Jon Blotner sold 4,521 shares of Wayfair stock. The shares were 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 Stock Performance

Shares of W stock opened at $43.35 on Friday. The firm has a market cap of $5.43 billion, a P/E ratio of -9.65 and a beta of 3.43. The firm’s 50 day moving average price is $45.55 and its 200-day moving average price is $47.39. Wayfair Inc. has a one year low of $37.35 and a one year high of $76.18.

Wayfair (NYSE:W) last released its quarterly earnings results on Friday, November 1st. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.09. The firm had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same quarter last year, the company earned ($1.38) earnings per share. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. As a group, research analysts predict that Wayfair Inc. will post -2.91 EPS for the current fiscal year.

Hedge Funds Weigh In On Wayfair

Several institutional investors have recently bought and sold shares of the company. Tabor Asset Management LP grew its stake in shares of Wayfair by 11.3% in the third quarter. Tabor Asset Management LP now owns 156,871 shares of the company’s stock worth $8,813,000 after acquiring an additional 15,932 shares in the last quarter. Groupama Asset Managment grew its stake in Wayfair by 100.0% during the 3rd quarter. Groupama Asset Managment now owns 1,000,000 shares of the company’s stock worth $56,180,000 after purchasing an additional 500,000 shares in the last quarter. Wellington Management Group LLP increased its holdings in Wayfair by 22.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,097,822 shares of the company’s stock worth $61,676,000 after purchasing an additional 201,157 shares during the period. Highland Peak Capital LLC acquired a new stake in Wayfair in the 2nd quarter valued at about $5,165,000. Finally, Sei Investments Co. boosted its stake in shares of Wayfair by 32.8% in the 2nd quarter. Sei Investments Co. now owns 133,415 shares of the company’s stock valued at $7,035,000 after buying an additional 32,968 shares during the period. 89.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

W has been the subject of several research reports. Truist Financial cut their price objective on Wayfair from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, November 4th. StockNews.com upgraded Wayfair from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. Loop Capital raised their price objective on Wayfair from $50.00 to $55.00 and gave the company a “hold” rating in a report on Monday, December 16th. Wedbush lowered shares of Wayfair from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $45.00 to $44.00 in a report on Monday, January 6th. Finally, Guggenheim reissued a “buy” rating and issued a $70.00 price target on shares of Wayfair in a research note on Thursday, September 26th. Fourteen investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.