Insider Selling: Wayfair Inc. (NYSE:W) CFO Sells 5,974 Shares of Stock

Wayfair Inc. (NYSE:W) CFO Kate Gulliver sold 5,974 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $44.95, for a total transaction of $268,531.30. Following the transaction, the chief financial officer now directly owns 129,964 shares of the company’s stock, valued at approximately $5,841,881.80. This represents a 4.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, January 6th, Kate Gulliver sold 5,754 shares of Wayfair stock. The shares were sold at an average price of $47.06, for a total transaction of $270,783.24.

Wayfair Trading Down 4.8 %

W stock traded down $2.32 during midday trading on Tuesday, hitting $46.17. 2,854,610 shares of the company’s stock were exchanged, compared to its average volume of 3,330,002. The firm has a 50 day moving average price of $45.18 and a 200-day moving average price of $47.74. Wayfair Inc. has a 12-month low of $37.35 and a 12-month high of $76.18. The stock has a market capitalization of $5.79 billion, a price-to-earnings ratio of -10.28 and a beta of 3.43.

Wayfair (NYSE:W) last released its quarterly earnings results on Friday, November 1st. The company reported $0.22 earnings per share for the quarter, topping 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. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($1.38) EPS. On average, sell-side analysts forecast that Wayfair Inc. will post -2.91 EPS for the current fiscal year.

Institutional Investors Weigh In On Wayfair

Hedge funds and other institutional investors have recently modified their holdings of the stock. Creative Planning lifted its position in shares of Wayfair by 2.1% during the third quarter. Creative Planning now owns 13,261 shares of the company’s stock worth $745,000 after purchasing an additional 272 shares during the last quarter. GAMMA Investing LLC increased its holdings in Wayfair by 65.5% in the fourth quarter. GAMMA Investing LLC now owns 710 shares of the company’s stock valued at $31,000 after buying an additional 281 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in Wayfair during the third quarter valued at approximately $29,000. Optimist Retirement Group LLC lifted its holdings in Wayfair by 14.9% during the 2nd quarter. Optimist Retirement Group LLC now owns 4,379 shares of the company’s stock worth $231,000 after buying an additional 568 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its position in shares of Wayfair by 12.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 7,217 shares of the company’s stock worth $381,000 after acquiring an additional 788 shares in the last quarter. Institutional investors own 89.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on W shares. Citigroup decreased their price target on shares of Wayfair from $70.00 to $54.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Needham & Company LLC reiterated a “buy” rating and issued a $60.00 target price on shares of Wayfair in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft dropped their price target on Wayfair from $69.00 to $46.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Mizuho reduced 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, Loop Capital increased their target price on shares of Wayfair from $50.00 to $55.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. Fourteen equities research 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, the company presently has an average 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.