Wayfair Inc. (NYSE:W) Insider Jon Blotner Sells 5,669 Shares of Stock

Wayfair Inc. (NYSE:W) insider Jon Blotner sold 5,669 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $42.83, for a total transaction 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. The trade was a 8.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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 transaction of $211,944.48.
• 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 transaction of $223,122.38.

Wayfair Trading Down 2.1 %

W stock opened at $42.81 on Wednesday. The business’s fifty day moving average price is $45.43 and its 200 day moving average price is $47.45. Wayfair Inc. has a 12-month low of $37.35 and a 12-month high of $76.18. The company has a market capitalization of $5.36 billion, a PE ratio of -9.53 and a beta of 3.43.

Wayfair (NYSE:W) last issued its quarterly earnings results on Friday, November 1st. The company reported $0.22 earnings per share (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 analysts’ expectations of $2.87 billion. During the same quarter last year, the company earned ($1.38) earnings per share. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. Research analysts predict that Wayfair Inc. will post -2.91 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on W. Deutsche Bank Aktiengesellschaft lowered their target price on Wayfair from $69.00 to $46.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Piper Sandler lowered their price objective on Wayfair from $67.00 to $63.00 and set an “overweight” rating on the stock in a research note on Monday, October 28th. BMO Capital Markets cut their target price on Wayfair from $58.00 to $50.00 and set a “market perform” rating for the company in a research note on Monday, November 4th. StockNews.com raised shares of Wayfair from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. Finally, Stifel Nicolaus dropped their price objective on shares of Wayfair from $55.00 to $47.00 and set a “hold” rating for the company in a report on Monday, November 4th. Fourteen research 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $60.24.

Institutional Investors Weigh In On Wayfair

A number of hedge funds have recently added to or reduced their stakes in the business. Southpoint Capital Advisors LP purchased a new position in shares of Wayfair in the 3rd quarter valued at about $78,652,000. Holocene Advisors LP lifted 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 acquiring an additional 1,213,896 shares during the last quarter. Renaissance Technologies LLC grew its holdings in 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 acquiring an additional 675,271 shares in the last quarter. Groupama Asset Managment increased its position in shares of Wayfair by 100.0% in the 3rd quarter. Groupama Asset Managment now owns 1,000,000 shares of the company’s stock valued at $56,180,000 after purchasing an additional 500,000 shares during the last quarter. Finally, Wolf Hill Capital Management LP raised its holdings 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 valued at $122,487,000 after purchasing an additional 432,404 shares in the last quarter. 89.67% of the stock is currently owned by institutional investors and hedge funds.

About Wayfair

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.