Insider Selling: Wayfair Inc. (NYSE:W) Insider Sells 5,669 Shares of Stock

Wayfair Inc. (NYSE:W) insider Jon Blotner sold 5,669 shares of Wayfair stock in a transaction on Monday, January 13th. The shares were sold at an average price of $42.83, for a total value of $242,803.27. Following the completion of the transaction, the insider now owns 57,899 shares of the company’s stock, valued at approximately $2,479,814.17. The trade was a 8.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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 value 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 Stock Up 0.3 %

W opened at $42.83 on Thursday. The stock has a market cap of $5.37 billion, a P/E ratio of -9.54 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 company has a fifty day simple moving average of $45.48 and a 200 day simple moving average of $47.42.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of W. Renaissance Technologies LLC lifted its holdings in shares of Wayfair by 28.0% in the second quarter. Renaissance Technologies LLC now owns 3,086,569 shares of the company’s stock valued at $162,755,000 after purchasing an additional 675,271 shares in the last quarter. Wolf Hill Capital Management LP raised its position in Wayfair by 22.9% in the 2nd quarter. Wolf Hill Capital Management LP now owns 2,322,906 shares of the company’s stock valued at $122,487,000 after buying an additional 432,404 shares during the last quarter. Geode Capital Management LLC lifted its stake in Wayfair by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,524,854 shares of the company’s stock valued at $85,690,000 after acquiring an additional 35,268 shares in the last quarter. Southpoint Capital Advisors LP acquired a new position in Wayfair during the 3rd quarter worth approximately $78,652,000. Finally, Holocene Advisors LP grew its stake in shares of Wayfair by 5,699.8% during the 3rd quarter. Holocene Advisors LP now owns 1,235,193 shares of the company’s stock worth $69,393,000 after acquiring an additional 1,213,896 shares in the last quarter. Institutional investors own 89.67% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Loop Capital boosted their target price on shares of Wayfair from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. Needham & Company LLC restated a “buy” rating and issued a $60.00 price objective on shares of Wayfair in a research report on Friday, November 1st. Stifel Nicolaus decreased their price objective on Wayfair from $55.00 to $47.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. StockNews.com upgraded Wayfair from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. Finally, Piper Sandler decreased their price target on Wayfair from $67.00 to $63.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. Fourteen analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average 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.