Wayfair Inc. (NYSE:W) Insider Jon Blotner Sells 4,521 Shares

Wayfair Inc. (NYSE:W) insider Jon Blotner sold 4,521 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $46.88, for a total value of $211,944.48. Following the completion of the sale, the insider now owns 63,568 shares of the company’s stock, valued at approximately $2,980,067.84. The trade was a 6.64 % decrease in their position. The sale 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 Friday, January 3rd, Jon Blotner sold 4,966 shares of Wayfair stock. The shares were sold at an average price of $44.93, for a total value of $223,122.38.
• On Monday, October 14th, Jon Blotner sold 4,600 shares of Wayfair stock. The stock was sold at an average price of $53.60, for a total transaction of $246,560.00.

Wayfair Price Performance

Shares of NYSE W opened at $46.17 on Wednesday. Wayfair Inc. has a 1-year low of $37.35 and a 1-year high of $76.18. The business’s 50 day moving average is $45.18 and its two-hundred day moving average is $47.74. The stock has a market capitalization of $5.79 billion, a P/E ratio of -10.28 and a beta of 3.43.

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on W. Stifel Nicolaus reduced their price objective on shares of Wayfair from $55.00 to $47.00 and set a “hold” rating for the company in a research note on Monday, November 4th. Guggenheim reiterated a “buy” rating and issued a $70.00 price target on shares of Wayfair in a research note on Thursday, September 26th. Mizuho lowered their price objective on Wayfair from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Royal Bank of Canada cut their target price on Wayfair from $53.00 to $50.00 and set a “sector perform” rating for the company in a research report on Monday, November 4th. Finally, Wedbush cut Wayfair from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $45.00 to $44.00 in a report on Monday. 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $60.24.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new stake in shares of Wayfair in the 3rd quarter worth about $29,000. GAMMA Investing LLC raised its position in Wayfair by 65.5% in the 4th quarter. GAMMA Investing LLC now owns 710 shares of the company’s stock worth $31,000 after purchasing an additional 281 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in Wayfair in the third quarter worth about $44,000. Brooklyn Investment Group purchased a new position in shares of Wayfair during the third quarter valued at approximately $50,000. Finally, Northwest & Ethical Investments L.P. purchased a new position in shares of Wayfair during the third quarter valued at approximately $67,000. 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.