Wayfair Inc. (NYSE:W) Insider Sells $610,061.76 in Stock

Wayfair Inc. (NYSE:W) insider Jon Blotner sold 19,257 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $31.68, for a total transaction of $610,061.76. Following the completion of the transaction, the insider now owns 78,308 shares of the company’s stock, valued at approximately $2,480,797.44. The trade was a 19.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, January 13th, Jon Blotner sold 5,669 shares of Wayfair stock. The shares were sold at an average price of $42.83, for a total value of $242,803.27.
• On Monday, January 6th, Jon Blotner sold 4,521 shares of Wayfair stock. The stock was 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 shares were sold at an average price of $44.93, for a total transaction of $223,122.38.

Wayfair Trading Up 5.5 %

Shares of W traded up $1.76 during trading hours on Wednesday, hitting $33.70. The company had a trading volume of 6,463,138 shares, compared to its average volume of 4,328,821. Wayfair Inc. has a one year low of $27.91 and a one year high of $76.18. The company’s fifty day moving average price is $40.69 and its two-hundred day moving average price is $45.09. The company has a market capitalization of $4.28 billion, a PE ratio of -8.38 and a beta of 3.44.

Wayfair (NYSE:W) last announced 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 business had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.07 billion. Analysts forecast that Wayfair Inc. will post -2.54 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of W. True Wealth Design LLC raised its stake in Wayfair by 207.1% in the fourth quarter. True Wealth Design LLC now owns 565 shares of the company’s stock valued at $25,000 after buying an additional 381 shares during the last quarter. J.Safra Asset Management Corp increased its holdings in shares of Wayfair by 71.3% during the fourth quarter. J.Safra Asset Management Corp now owns 586 shares of the company’s stock valued at $26,000 after acquiring an additional 244 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of Wayfair by 577.0% in the 4th quarter. Jones Financial Companies Lllp now owns 589 shares of the company’s stock valued at $26,000 after purchasing an additional 502 shares during the last quarter. GAMMA Investing LLC boosted its stake in Wayfair by 65.5% in the 4th quarter. GAMMA Investing LLC now owns 710 shares of the company’s stock worth $31,000 after purchasing an additional 281 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Wayfair during the 3rd quarter worth approximately $44,000. Institutional investors own 89.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Bank of America dropped their target price on shares of Wayfair from $52.00 to $50.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. Guggenheim reissued a “buy” rating and set a $60.00 price objective on shares of Wayfair in a report on Monday, March 10th. Truist Financial dropped their price target on Wayfair from $55.00 to $53.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Canaccord Genuity Group reduced their price objective on Wayfair from $76.00 to $68.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Finally, Wedbush reiterated a “neutral” rating and set a $46.00 target price (up from $44.00) on shares of Wayfair in a research report on Friday, February 21st. Fourteen analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.81.

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.