Wayfair Inc. (NYSE:W) COO Sells $52,625.35 in Stock

Wayfair Inc. (NYSE:W) COO Thomas Netzer sold 1,039 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $50.65, for a total value of $52,625.35. Following the completion of the transaction, the chief operating officer now directly owns 171,790 shares of the company’s stock, valued at approximately $8,701,163.50. This represents a 0.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Thomas Netzer also recently made the following trade(s):

• On Wednesday, October 2nd, Thomas Netzer sold 8,435 shares of Wayfair stock. The stock was sold at an average price of $53.06, for a total transaction of $447,561.10.

Wayfair Price Performance

Shares of W stock traded down $4.97 during trading hours on Wednesday, reaching $45.45. 5,984,317 shares of the company’s stock were exchanged, compared to its average volume of 4,411,833. Wayfair Inc. has a 1 year low of $37.35 and a 1 year high of $76.18. The company’s 50 day moving average is $46.68 and its two-hundred day moving average is $48.79. The company has a market cap of $5.70 billion, a P/E ratio of -10.12 and a beta of 3.44.

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Wedbush lowered their price target on shares of Wayfair from $50.00 to $45.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Guggenheim restated a “buy” rating and set a $70.00 target price on shares of Wayfair in a report on Thursday, September 26th. Citigroup cut their price target on Wayfair from $70.00 to $54.00 and set a “buy” rating for the company in a report on Monday, November 4th. Mizuho lowered their price objective on Wayfair from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Finally, BMO Capital Markets dropped their target price on Wayfair from $58.00 to $50.00 and set a “market perform” rating for the company in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Wayfair currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.28.

Institutional Trading of Wayfair

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP acquired a new position in shares of Wayfair during the 3rd quarter valued at $29,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Wayfair in the third quarter valued at $44,000. Brooklyn Investment Group acquired a new stake in Wayfair during the 3rd quarter valued at $50,000. International Assets Investment Management LLC purchased a new stake in Wayfair during the 2nd quarter worth $58,000. Finally, Northwest & Ethical Investments L.P. acquired a new position in Wayfair in the 3rd quarter worth $67,000. Hedge funds and other institutional investors own 89.67% of the company’s stock.

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.