Wayfair Inc. (NYSE:W) CFO Sells $270,783.24 in Stock

Wayfair Inc. (NYSE:W) CFO Kate Gulliver sold 5,754 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $47.06, for a total value of $270,783.24. Following the sale, the chief financial officer now directly owns 124,210 shares of the company’s stock, valued at $5,845,322.60. This represents a 4.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, January 3rd, Kate Gulliver sold 5,974 shares of Wayfair stock. The stock was sold at an average price of $44.95, for a total value of $268,531.30.

Wayfair Stock Down 1.6 %

Wayfair stock opened at $45.29 on Friday. The company has a 50 day moving average of $45.34 and a 200-day moving average of $47.67. Wayfair Inc. has a twelve month low of $37.35 and a twelve month high of $76.18. The stock has a market capitalization of $5.68 billion, a PE ratio of -10.09 and a beta of 3.43.

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

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Guggenheim reiterated a “buy” rating and set a $70.00 price target on shares of Wayfair in a research report on Thursday, September 26th. Royal Bank of Canada decreased their price target on shares of Wayfair from $53.00 to $50.00 and set a “sector perform” rating on the stock in a research note on Monday, November 4th. Piper Sandler dropped their price objective on shares of Wayfair from $67.00 to $63.00 and set an “overweight” rating for the company in a research report on Monday, October 28th. BMO Capital Markets decreased their price objective on Wayfair from $58.00 to $50.00 and set a “market perform” rating on the stock in a research report on Monday, November 4th. Finally, Citigroup dropped their target price on Wayfair from $70.00 to $54.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Fourteen equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.24.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of W. Commonwealth Equity Services LLC grew its position in Wayfair by 38.2% in the second quarter. Commonwealth Equity Services LLC now owns 10,221 shares of the company’s stock valued at $539,000 after purchasing an additional 2,825 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Wayfair by 26.5% in the 2nd quarter. Victory Capital Management Inc. now owns 228,724 shares of the company’s stock valued at $12,061,000 after acquiring an additional 47,978 shares in the last quarter. Arizona State Retirement System increased its position in shares of Wayfair by 10.5% in the second quarter. Arizona State Retirement System now owns 25,222 shares of the company’s stock valued at $1,330,000 after acquiring an additional 2,403 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in Wayfair during the second quarter worth about $311,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in Wayfair during the second quarter valued at approximately $109,000. 89.67% of the stock is currently owned by institutional investors.

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.