Wayfair Inc. (NYSE:W) Insider Jon Blotner Sells 4,966 Shares

Wayfair Inc. (NYSE:W) insider Jon Blotner sold 4,966 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $44.93, for a total value of $223,122.38. Following the completion of the transaction, the insider now directly owns 68,089 shares in the company, valued at $3,059,238.77. The trade was a 6.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, January 6th, Jon Blotner sold 4,521 shares of Wayfair stock. The shares were sold at an average price of $46.88, for a total transaction of $211,944.48.
• On Monday, October 14th, Jon Blotner sold 4,600 shares of Wayfair stock. The stock was sold at an average price of $53.60, for a total transaction of $246,560.00.

Wayfair Stock Down 4.8 %

Shares of W stock opened at $46.17 on Wednesday. The company has a market capitalization of $5.79 billion, a P/E ratio of -10.28 and a beta of 3.43. Wayfair Inc. has a 12-month low of $37.35 and a 12-month high of $76.18. The firm has a 50-day moving average price of $45.18 and a 200 day moving average price of $47.74.

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

Hedge Funds Weigh In On Wayfair

A number of institutional investors and hedge funds have recently bought and sold shares of W. Tabor Asset Management LP increased its stake in shares of Wayfair by 11.3% in the third quarter. Tabor Asset Management LP now owns 156,871 shares of the company’s stock valued at $8,813,000 after buying an additional 15,932 shares in the last quarter. Groupama Asset Managment grew its holdings in Wayfair by 100.0% during the 3rd quarter. Groupama Asset Managment now owns 1,000,000 shares of the company’s stock worth $56,180,000 after acquiring an additional 500,000 shares during the last quarter. Wellington Management Group LLP increased its position in Wayfair by 22.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,097,822 shares of the company’s stock valued at $61,676,000 after acquiring an additional 201,157 shares in the last quarter. Highland Peak Capital LLC bought a new position in shares of Wayfair in the second quarter worth about $5,165,000. Finally, Sei Investments Co. lifted its position in shares of Wayfair by 32.8% during the second quarter. Sei Investments Co. now owns 133,415 shares of the company’s stock worth $7,035,000 after purchasing an additional 32,968 shares in the last quarter. Institutional investors and hedge funds own 89.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Wedbush lowered shares of Wayfair from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $45.00 to $44.00 in a research report on Monday. Loop Capital increased their target price on Wayfair from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Needham & Company LLC reaffirmed a “buy” rating and issued a $60.00 price target on shares of Wayfair in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft reduced their price objective on Wayfair from $69.00 to $46.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Finally, Guggenheim reaffirmed a “buy” rating and set a $70.00 target price on shares of Wayfair in a research report on Thursday, September 26th. Fourteen analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Wayfair has a consensus rating of “Moderate Buy” and an average price target of $60.24.

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.