Wayfair Inc. (NYSE:W) Insider Sells $242,803.27 in Stock

Wayfair Inc. (NYSE:W) insider Jon Blotner sold 5,669 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $42.83, for a total value of $242,803.27. Following the sale, the insider now directly owns 57,899 shares of the company’s stock, valued at $2,479,814.17. This represents a 8.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Jon Blotner also recently made the following trade(s):

• On Monday, January 6th, Jon Blotner sold 4,521 shares of Wayfair stock. The stock was 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 1.0 %

W stock opened at $43.35 on Friday. The stock has a market capitalization of $5.43 billion, a PE ratio of -9.65 and a beta of 3.43. Wayfair Inc. has a 52 week low of $37.35 and a 52 week high of $76.18. The firm has a 50 day moving average of $45.55 and a 200 day moving average of $47.39.

Wayfair (NYSE:W) last posted its quarterly earnings data on Friday, November 1st. The company reported $0.22 EPS for the quarter, topping the consensus estimate 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 in the previous year, the firm posted ($1.38) earnings per share. The company’s quarterly revenue was down 2.0% on a year-over-year basis. On average, equities research analysts expect that Wayfair Inc. will post -2.91 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Wedbush cut shares of Wayfair from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $45.00 to $44.00 in a research report on Monday, January 6th. StockNews.com raised Wayfair from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. Truist Financial reduced their price objective on Wayfair from $60.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Piper Sandler lowered their target price on Wayfair from $67.00 to $63.00 and set an “overweight” rating for the company in a report on Monday, October 28th. Finally, Mizuho cut their price target on Wayfair from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Fourteen research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $60.24.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of W. Renaissance Technologies LLC grew its holdings in Wayfair by 28.0% during the second quarter. Renaissance Technologies LLC now owns 3,086,569 shares of the company’s stock worth $162,755,000 after acquiring an additional 675,271 shares during the period. Wolf Hill Capital Management LP grew its position 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 valued at $122,487,000 after buying an additional 432,404 shares during the period. Geode Capital Management LLC grew its position in 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 buying an additional 35,268 shares during the period. Southpoint Capital Advisors LP acquired a new stake in Wayfair during the third quarter valued at $78,652,000. Finally, Holocene Advisors LP increased its holdings in Wayfair by 5,699.8% in the third quarter. Holocene Advisors LP now owns 1,235,193 shares of the company’s stock valued at $69,393,000 after buying an additional 1,213,896 shares in 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.