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

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

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 transaction 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 stock was sold at an average price of $44.93, for a total transaction of $223,122.38.

Wayfair Price Performance

Wayfair stock opened at $25.95 on Friday. The stock has a market capitalization of $3.29 billion, a P/E ratio of -6.46 and a beta of 3.72. Wayfair Inc. has a 12-month low of $20.41 and a 12-month high of $76.18. The firm’s 50-day moving average is $39.50 and its two-hundred day moving average is $44.72.

Wayfair (NYSE:W) last released its earnings results on Thursday, February 20th. The company reported ($0.96) EPS for the quarter, missing the consensus estimate of $0.05 by ($1.01). The business had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $3.07 billion. As a group, analysts forecast that Wayfair Inc. will post -2.54 EPS for the current year.

Institutional Investors Weigh In On Wayfair

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. True Wealth Design LLC lifted its position in Wayfair by 207.1% during the fourth quarter. True Wealth Design LLC now owns 565 shares of the company’s stock worth $25,000 after buying an additional 381 shares during the period. J.Safra Asset Management Corp lifted its holdings in shares of Wayfair by 71.3% during the 4th quarter. J.Safra Asset Management Corp now owns 586 shares of the company’s stock worth $26,000 after acquiring an additional 244 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Wayfair by 577.0% during the 4th quarter. Jones Financial Companies Lllp now owns 589 shares of the company’s stock worth $26,000 after acquiring an additional 502 shares during the period. GAMMA Investing LLC boosted its position in shares of Wayfair by 65.5% in the fourth quarter. GAMMA Investing LLC now owns 710 shares of the company’s stock worth $31,000 after acquiring an additional 281 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Wayfair in the third quarter valued at approximately $44,000. Hedge funds and other institutional investors own 89.67% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on W. Bank of America cut their price target on shares of Wayfair from $52.00 to $50.00 and set a “neutral” rating for the company in a report on Friday, February 21st. Guggenheim reiterated a “buy” rating and set a $60.00 price objective on shares of Wayfair in a research report on Monday, March 10th. Stifel Nicolaus decreased their target price on shares of Wayfair from $47.00 to $46.00 and set a “hold” rating on the stock in a report on Friday, February 21st. Truist Financial decreased their price target on Wayfair from $55.00 to $53.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Finally, Jefferies Financial Group upgraded shares of Wayfair from a “hold” rating to a “buy” rating and upped their price objective for the stock from $45.00 to $47.00 in a report on Friday, March 7th. Fifteen equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Wayfair has an average rating of “Hold” and a consensus target price of $54.84.

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.