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

Wayfair Inc. (NYSE:W) insider Jon Blotner sold 4,521 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $46.88, for a total transaction of $211,944.48. Following the completion of the transaction, the insider now directly 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 value of $223,122.38.
• 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 Stock Down 4.8 %

W opened at $46.17 on Wednesday. Wayfair Inc. has a twelve month low of $37.35 and a twelve month high of $76.18. The firm has a 50 day moving average price of $45.18 and a 200-day moving average price of $47.74. The stock has a market capitalization of $5.79 billion, a price-to-earnings ratio of -10.28 and a beta of 3.43.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in shares of Wayfair by 65.5% during the 4th quarter. GAMMA Investing LLC now owns 710 shares of the company’s stock valued at $31,000 after purchasing an additional 281 shares during the period. 272 Capital LP boosted its holdings in shares of Wayfair by 15.7% in the third quarter. 272 Capital LP now owns 44,053 shares of the company’s stock worth $2,475,000 after buying an additional 5,965 shares during the last quarter. Tidal Investments LLC grew its position in Wayfair by 18.1% during the third quarter. Tidal Investments LLC now owns 21,665 shares of the company’s stock valued at $1,217,000 after buying an additional 3,320 shares during the period. Teachers Retirement System of The State of Kentucky grew its position in Wayfair by 16.5% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 147,436 shares of the company’s stock valued at $8,283,000 after buying an additional 20,884 shares during the period. Finally, Geode Capital Management LLC increased its holdings 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 last quarter. Institutional investors own 89.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. BMO Capital Markets decreased their price objective on Wayfair from $58.00 to $50.00 and set a “market perform” rating for the company in a report on Monday, November 4th. Mizuho decreased their price target on shares of Wayfair from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. Loop Capital lifted their price target on shares of Wayfair from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Guggenheim restated a “buy” rating and issued a $70.00 price objective on shares of Wayfair in a report on Thursday, September 26th. Finally, Piper Sandler decreased their target price on shares of Wayfair from $67.00 to $63.00 and set an “overweight” rating for the company in a research note on Monday, October 28th. Fourteen research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.24.

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.