Kate Gulliver Sells 5,974 Shares of Wayfair Inc. (NYSE:W) Stock

Wayfair Inc. (NYSE:W) CFO Kate Gulliver sold 5,974 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $44.95, for a total transaction of $268,531.30. Following the sale, the chief financial officer now directly owns 129,964 shares of the company’s stock, valued at approximately $5,841,881.80. This represents a 4.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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 transaction of $270,783.24.

Wayfair Stock Performance

NYSE W traded down $2.32 on Tuesday, reaching $46.17. The company’s stock had a trading volume of 2,854,610 shares, compared to its average volume of 3,330,002. Wayfair Inc. has a twelve month low of $37.35 and a twelve month high of $76.18. The firm’s 50 day moving average is $45.18 and its two-hundred day moving average is $47.74. The stock has a market cap of $5.79 billion, a PE ratio of -10.28 and a beta of 3.43.

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

Institutional Investors Weigh In On Wayfair

Several large investors have recently modified their holdings of W. Creative Planning raised its position in shares of Wayfair by 2.1% during the third quarter. Creative Planning now owns 13,261 shares of the company’s stock worth $745,000 after purchasing an additional 272 shares during the period. GAMMA Investing LLC increased 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. Capital Performance Advisors LLP purchased a new position in Wayfair in the 3rd quarter worth about $29,000. Optimist Retirement Group LLC raised its holdings in Wayfair by 14.9% during the 2nd quarter. Optimist Retirement Group LLC now owns 4,379 shares of the company’s stock worth $231,000 after buying an additional 568 shares during the period. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in Wayfair by 12.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 7,217 shares of the company’s stock worth $381,000 after buying an additional 788 shares during the period. 89.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Robert W. Baird dropped their price target on Wayfair from $56.00 to $50.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. Mizuho dropped their target price on Wayfair from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Wayfair from $69.00 to $46.00 and set a “buy” rating for the company in a report on Monday, November 4th. StockNews.com raised shares of Wayfair from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Finally, Stifel Nicolaus cut their price objective on shares of Wayfair from $55.00 to $47.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. Fourteen analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $60.24.

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.