Wayfair Inc. (NYSE:W) CFO Kate Gulliver Sells 19,296 Shares of Stock

Wayfair Inc. (NYSE:W) CFO Kate Gulliver sold 19,296 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $31.67, for a total transaction of $611,104.32. Following the sale, the chief financial officer now directly owns 144,474 shares in the company, valued at $4,575,491.58. This trade represents a 11.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Kate Gulliver also recently made the following trade(s):

• On Monday, January 6th, Kate Gulliver sold 5,754 shares of Wayfair stock. The stock was sold at an average price of $47.06, for a total value of $270,783.24.
• On Friday, January 3rd, Kate Gulliver sold 5,974 shares of Wayfair stock. The shares were sold at an average price of $44.95, for a total transaction of $268,531.30.

Wayfair Stock Up 5.5 %

Shares of W opened at $33.70 on Thursday. Wayfair Inc. has a 52 week low of $28.47 and a 52 week high of $76.18. The stock has a market cap of $4.28 billion, a P/E ratio of -8.38 and a beta of 3.44. The business’s 50 day moving average price is $40.41 and its 200-day moving average price is $45.01.

Wayfair (NYSE:W) last released its earnings results on Thursday, February 20th. The company reported ($0.96) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($1.01). The firm had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $3.07 billion. On average, equities analysts anticipate that Wayfair Inc. will post -2.54 EPS for the current year.

Institutional Investors Weigh In On Wayfair

Institutional investors have recently made changes to their positions in the company. Cerity Partners LLC bought a new stake in Wayfair in the 3rd quarter worth about $1,070,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Wayfair in the third quarter worth approximately $44,000. Atom Investors LP raised its holdings in shares of Wayfair by 13.0% during the third quarter. Atom Investors LP now owns 29,738 shares of the company’s stock valued at $1,671,000 after purchasing an additional 3,427 shares during the last quarter. Cinctive Capital Management LP bought a new position in Wayfair during the third quarter valued at approximately $4,464,000. Finally, Holocene Advisors LP lifted its position in Wayfair by 5,699.8% during the third quarter. Holocene Advisors LP now owns 1,235,193 shares of the company’s stock valued at $69,393,000 after purchasing an additional 1,213,896 shares during the period. Hedge funds and other institutional investors own 89.67% of the company’s stock.

Analyst Ratings Changes

W has been the topic of a number of research analyst reports. Raymond James set a $60.00 price target on shares of Wayfair and gave the stock a “strong-buy” rating in a report on Friday, February 21st. Royal Bank of Canada lowered their price target on Wayfair from $50.00 to $43.00 and set a “sector perform” rating on the stock in a research report on Monday, February 24th. Piper Sandler set a $58.00 price objective on Wayfair and gave the stock an “overweight” rating in a report on Friday, February 21st. Bank of America reduced their target price on shares of Wayfair from $52.00 to $50.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. Finally, Loop Capital dropped their target price on Wayfair from $55.00 to $45.00 and set a “hold” rating for the company in a report on Friday, February 21st. Fourteen investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.81.

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.