Anke Schaferkordt Sells 397 Shares of Wayfair Inc. (NYSE:W) Stock

Wayfair Inc. (NYSE:W) Director Anke Schaferkordt sold 397 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $40.92, for a total value of $16,245.24. Following the transaction, the director now directly owns 12,434 shares of the company’s stock, valued at approximately $508,799.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Wayfair Trading Up 5.8 %

Wayfair stock traded up $2.44 during mid-day trading on Tuesday, reaching $44.37. The company’s stock had a trading volume of 5,696,501 shares, compared to its average volume of 4,366,690. Wayfair Inc. has a twelve month low of $38.02 and a twelve month high of $76.18. The business has a 50 day moving average price of $48.65 and a 200-day moving average price of $52.20. The firm has a market cap of $5.48 billion, a price-to-earnings ratio of -9.88 and a beta of 3.46.

Wayfair (NYSE:W) last issued its 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 during the quarter, compared to the consensus estimate of $2.87 billion. The business’s revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the business earned ($1.38) EPS. On average, equities analysts expect that Wayfair Inc. will post -2.68 EPS for the current fiscal year.

Hedge Funds Weigh In On Wayfair

Several hedge funds and other institutional investors have recently modified their holdings of the company. WealthPlan Investment Management LLC lifted its holdings in Wayfair by 5.6% in the first quarter. WealthPlan Investment Management LLC now owns 5,097 shares of the company’s stock worth $346,000 after purchasing an additional 271 shares during the period. Creative Planning lifted its stake in shares of Wayfair by 2.1% in the 3rd quarter. Creative Planning now owns 13,261 shares of the company’s stock worth $745,000 after acquiring an additional 272 shares during the period. QRG Capital Management Inc. lifted its stake in shares of Wayfair by 12.0% in the 1st quarter. QRG Capital Management Inc. now owns 3,716 shares of the company’s stock worth $252,000 after acquiring an additional 399 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of Wayfair by 39.1% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,676 shares of the company’s stock valued at $114,000 after acquiring an additional 471 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in shares of Wayfair during the third quarter valued at approximately $29,000. Institutional investors and hedge funds own 89.67% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Mizuho cut their price objective on Wayfair from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Monday. Citigroup reduced their price objective on shares of Wayfair from $70.00 to $54.00 and set a “buy” rating for the company in a research note on Monday. Robert W. Baird reduced their price target on shares of Wayfair from $56.00 to $50.00 and set a “neutral” rating for the company in a research report on Monday. Bank of America downgraded Wayfair from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $85.00 to $58.00 in a research note on Thursday, August 1st. Finally, Royal Bank of Canada decreased their target price on Wayfair from $53.00 to $50.00 and set a “sector perform” rating on the stock in a research report on Monday. Thirteen investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $60.28.

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.