Kate Gulliver Sells 36,497 Shares of Wayfair (NYSE:W) Stock

Wayfair Inc. (NYSE:W) CFO Kate Gulliver sold 36,497 shares of Wayfair stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $106.50, for a total transaction of $3,886,930.50. Following the completion of the transaction, the chief financial officer owned 149,238 shares of the company’s stock, valued at $15,893,847. This represents a 19.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, November 4th, Kate Gulliver sold 9,612 shares of Wayfair stock. The stock was sold at an average price of $102.20, for a total value of $982,346.40.

Wayfair Trading Down 1.1%

W stock traded down $1.15 during midday trading on Monday, hitting $105.41. The company had a trading volume of 2,844,002 shares, compared to its average volume of 2,177,381. Wayfair Inc. has a 52 week low of $20.41 and a 52 week high of $114.92. The stock’s 50 day moving average price is $102.31 and its 200 day moving average price is $83.47. The stock has a market cap of $13.74 billion, a price-to-earnings ratio of -41.18 and a beta of 3.31.

Wayfair (NYSE:W) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.26. The firm had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter last year, the company posted $0.22 EPS. Wayfair’s revenue for the quarter was up 8.1% compared to the same quarter last year. Analysts predict that Wayfair Inc. will post -2.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on W. Royal Bank Of Canada lifted their price objective on shares of Wayfair from $51.00 to $86.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 30th. UBS Group raised their target price on shares of Wayfair from $102.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Citigroup raised their target price on Wayfair from $105.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Cowen restated a “hold” rating on shares of Wayfair in a report on Wednesday, October 29th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Wayfair in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $105.29.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Capital World Investors lifted its stake in Wayfair by 4.1% in the 3rd quarter. Capital World Investors now owns 13,374,574 shares of the company’s stock valued at $1,194,750,000 after buying an additional 521,240 shares in the last quarter. Vanguard Group Inc. raised its position in Wayfair by 4.3% in the 3rd quarter. Vanguard Group Inc. now owns 9,562,050 shares of the company’s stock valued at $854,178,000 after purchasing an additional 397,572 shares in the last quarter. Spruce House Investment Management LLC raised its position in shares of Wayfair by 37.6% during the 2nd quarter. Spruce House Investment Management LLC now owns 3,000,000 shares of the company’s stock worth $153,420,000 after acquiring an additional 819,615 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Wayfair by 826.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,817,056 shares of the company’s stock valued at $251,648,000 after acquiring an additional 2,512,854 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Wayfair by 3.7% during the 2nd quarter. Geode Capital Management LLC now owns 1,661,496 shares of the company’s stock worth $84,985,000 after purchasing an additional 59,083 shares during the period. 89.67% of the stock is owned by hedge funds and other institutional investors.

About Wayfair

Wayfair Inc (NYSE: W) is an e-commerce company focused on home furnishings and décor. Through its platform, Wayfair offers a broad assortment of furniture, lighting, home textiles, kitchenware and decorative accessories. The company’s portfolio includes flagship sites such as Wayfair.com, as well as specialty retail brands like Joss & Main, AllModern, Birch Lane and Perigold, each catering to distinct design styles and price points.

Founded in 2002 by Niraj Shah and Steve Conine under the name CSN Stores, the business rebranded as Wayfair in 2011 and went public in 2014.