Wayfair Inc. (NYSE:W) CFO Kate Gulliver Sells 3,696 Shares

Wayfair Inc. (NYSE:WGet Free Report) CFO Kate Gulliver sold 3,696 shares of Wayfair stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $63.09, for a total transaction of $233,180.64. Following the transaction, the chief financial officer now directly owns 89,555 shares of the company’s stock, valued at $5,650,024.95. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Wayfair Price Performance

Shares of NYSE:W opened at $62.41 on Thursday. The firm has a market capitalization of $7.51 billion, a PE ratio of -9.57 and a beta of 3.29. The firm’s 50-day moving average is $57.58 and its two-hundred day moving average is $55.16. Wayfair Inc. has a 1 year low of $29.51 and a 1 year high of $90.71.

Wayfair (NYSE:WGet Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The company reported ($1.46) EPS for the quarter, topping analysts’ consensus estimates of ($1.54) by $0.08. The company had revenue of $3.11 billion for the quarter, compared to analyst estimates of $3.10 billion. Analysts expect that Wayfair Inc. will post -3.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Wayfair

A number of institutional investors and hedge funds have recently added to or reduced their stakes in W. Capital World Investors raised its stake in shares of Wayfair by 8.7% during the fourth quarter. Capital World Investors now owns 12,042,210 shares of the company’s stock worth $743,004,000 after purchasing an additional 962,307 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Wayfair by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 8,103,952 shares of the company’s stock worth $500,014,000 after purchasing an additional 273,652 shares during the last quarter. Spruce House Investment Management LLC raised its stake in shares of Wayfair by 4.3% during the fourth quarter. Spruce House Investment Management LLC now owns 3,650,000 shares of the company’s stock worth $120,048,000 after purchasing an additional 150,000 shares during the last quarter. Ruane Cunniff & Goldfarb L.P. raised its stake in shares of Wayfair by 9.1% during the first quarter. Ruane Cunniff & Goldfarb L.P. now owns 3,440,017 shares of the company’s stock worth $381,085,000 after purchasing an additional 285,729 shares during the last quarter. Finally, Two Sigma Investments LP raised its stake in shares of Wayfair by 30.3% during the first quarter. Two Sigma Investments LP now owns 1,291,717 shares of the company’s stock worth $44,358,000 after purchasing an additional 300,645 shares during the last quarter. 89.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

W has been the topic of a number of research analyst reports. Morgan Stanley reissued an “overweight” rating and issued a $80.00 price target on shares of Wayfair in a research note on Monday, March 25th. Canaccord Genuity Group reissued a “buy” rating and issued a $80.00 price target on shares of Wayfair in a research note on Friday, February 23rd. Truist Financial dropped their price target on shares of Wayfair from $65.00 to $63.00 and set a “buy” rating on the stock in a research note on Friday, February 23rd. Royal Bank of Canada lifted their target price on shares of Wayfair from $55.00 to $62.00 and gave the stock a “sector perform” rating in a research note on Friday, February 23rd. Finally, Wedbush reaffirmed an “outperform” rating and set a $70.00 target price on shares of Wayfair in a research note on Friday, February 23rd. Eleven analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Wayfair has a consensus rating of “Moderate Buy” and a consensus target price of $75.52.

Read Our Latest Report on Wayfair

Wayfair Company Profile

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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.

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