Wayfair Inc. (NYSE:W) CFO Sells $270,783.24 in Stock

Wayfair Inc. (NYSE:W) CFO Kate Gulliver sold 5,754 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $47.06, for a total transaction of $270,783.24. Following the completion of the transaction, the chief financial officer now directly owns 124,210 shares in the company, valued at $5,845,322.60. This trade represents a 4.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Friday, January 3rd, Kate Gulliver sold 5,974 shares of Wayfair stock. The shares were sold at an average price of $44.95, for a total value of $268,531.30.

Wayfair Trading Down 1.6 %

Shares of NYSE W opened at $45.29 on Friday. The firm has a market capitalization of $5.68 billion, a price-to-earnings ratio of -10.09 and a beta of 3.43. Wayfair Inc. has a one year low of $37.35 and a one year high of $76.18. The business has a fifty day simple moving average of $45.34 and a 200 day simple moving average of $47.67.

Wayfair (NYSE:W) last released its quarterly earnings data on Friday, November 1st. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.09. The business had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the previous year, the business posted ($1.38) earnings per share. Wayfair’s revenue was down 2.0% on a year-over-year basis. On average, research analysts anticipate that Wayfair Inc. will post -2.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on W. Robert W. Baird cut their price objective on shares of Wayfair from $56.00 to $50.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. Piper Sandler reduced their price objective on shares of Wayfair from $67.00 to $63.00 and set an “overweight” rating for the company in a research note on Monday, October 28th. Loop Capital upped their price objective on shares of Wayfair from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Monday, December 16th. UBS Group cut their target price on Wayfair from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft decreased 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. Fourteen research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $60.24.

Institutional Investors Weigh In On Wayfair

A number of institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC lifted its position in shares of Wayfair by 28.0% during the 2nd quarter. Renaissance Technologies LLC now owns 3,086,569 shares of the company’s stock worth $162,755,000 after buying an additional 675,271 shares during the period. Wolf Hill Capital Management LP raised its stake in Wayfair by 22.9% during the second quarter. Wolf Hill Capital Management LP now owns 2,322,906 shares of the company’s stock worth $122,487,000 after acquiring an additional 432,404 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Wayfair by 2.4% during the third 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 during the period. Southpoint Capital Advisors LP acquired a new stake in shares of Wayfair in the 3rd quarter valued at $78,652,000. Finally, Holocene Advisors LP grew its holdings in shares of Wayfair by 5,699.8% in the 3rd quarter. Holocene Advisors LP now owns 1,235,193 shares of the company’s stock worth $69,393,000 after purchasing an additional 1,213,896 shares during the last quarter. 89.67% of the stock is owned by institutional investors and hedge funds.

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.