Insider Selling: Wayfair Inc. (NYSE:W) Insider Sells $223,122.38 in Stock

Wayfair Inc. (NYSE:W) insider Jon Blotner sold 4,966 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $44.93, for a total value of $223,122.38. Following the sale, the insider now owns 68,089 shares in the company, valued at approximately $3,059,238.77. This represents a 6.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 Monday, October 14th, Jon Blotner sold 4,600 shares of Wayfair stock. The shares were sold at an average price of $53.60, for a total value of $246,560.00.

Wayfair Trading Down 1.6 %

W stock opened at $45.29 on Friday. The firm’s 50-day moving average price is $45.34 and its two-hundred day moving average price is $47.67. The stock 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 12-month low of $37.35 and a 12-month high of $76.18.

Wayfair (NYSE:W) last released its quarterly 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 business had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.87 billion. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the previous year, the company earned ($1.38) EPS. Equities analysts predict that Wayfair Inc. will post -2.91 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Stifel Nicolaus cut their price objective on shares of Wayfair from $55.00 to $47.00 and set a “hold” rating for the company in a research report on Monday, November 4th. Needham & Company LLC restated a “buy” rating and set a $60.00 price target on shares of Wayfair in a research report on Friday, November 1st. Piper Sandler dropped their price objective on Wayfair from $67.00 to $63.00 and set an “overweight” rating for the company in a research note on Monday, October 28th. StockNews.com upgraded Wayfair from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. Finally, Robert W. Baird dropped their price target on Wayfair from $56.00 to $50.00 and set a “neutral” rating for the company in a research report on Monday, November 4th. Fourteen analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Wayfair presently has an average rating of “Moderate Buy” and an average target price of $60.24.

Institutional Trading of Wayfair

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Southpoint Capital Advisors LP bought a new position in Wayfair in the 3rd quarter worth $78,652,000. Holocene Advisors LP raised its stake in Wayfair by 5,699.8% in the third quarter. Holocene Advisors LP now owns 1,235,193 shares of the company’s stock worth $69,393,000 after buying an additional 1,213,896 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Wayfair by 28.0% in the second 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. Groupama Asset Managment grew its holdings in shares of Wayfair by 100.0% during the 3rd quarter. Groupama Asset Managment now owns 1,000,000 shares of the company’s stock worth $56,180,000 after acquiring an additional 500,000 shares during the period. Finally, Wolf Hill Capital Management LP raised its position in shares of Wayfair by 22.9% in the 2nd 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. Hedge funds and other 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.