Anke Schaferkordt Sells 475 Shares of Wayfair Inc. (NYSE:W) Stock

Wayfair Inc. (NYSE:W) Director Anke Schaferkordt sold 475 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $46.42, for a total transaction of $22,049.50. Following the transaction, the director now directly owns 13,554 shares of the company’s stock, valued at $629,176.68. This represents a 3.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Wayfair Stock Performance

Shares of NYSE W traded up $0.95 during midday trading on Wednesday, reaching $48.34. The stock had a trading volume of 1,638,601 shares, compared to its average volume of 3,318,800. The firm has a market cap of $6.06 billion, a price-to-earnings ratio of -10.77 and a beta of 3.43. The company’s 50 day moving average price is $47.27 and its 200 day moving average price is $46.83. Wayfair Inc. has a twelve month low of $37.35 and a twelve month high of $76.18.

Analyst Upgrades and Downgrades

W has been the subject of several recent research reports. BMO Capital Markets reduced their price target on Wayfair from $58.00 to $50.00 and set a “market perform” rating for the company in a research report on Monday, November 4th. Truist Financial lowered their price target on shares of Wayfair from $60.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Royal Bank of Canada reduced their target price on shares of Wayfair from $53.00 to $50.00 and set a “sector perform” rating for the company in a research report on Monday, November 4th. StockNews.com raised Wayfair from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Wayfair from $69.00 to $46.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Fourteen research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Wayfair presently has a consensus rating of “Moderate Buy” and an average price target of $60.24.

Institutional Investors Weigh In On Wayfair

Several institutional investors and hedge funds have recently made changes to their positions in the business. Capital Performance Advisors LLP acquired a new stake in shares of Wayfair in the 3rd quarter valued at about $29,000. GAMMA Investing LLC lifted its stake in shares of 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Wayfair during the third quarter worth about $44,000. Brooklyn Investment Group acquired a new stake in shares of Wayfair in the 3rd quarter worth about $50,000. Finally, Venturi Wealth Management LLC acquired a new position in Wayfair during the 4th quarter valued at about $45,000. Institutional investors own 89.67% of the company’s stock.

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.