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

Wayfair Inc. (NYSE:W) insider Jon Blotner sold 5,669 shares of the business’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $42.83, for a total value of $242,803.27. Following the completion of the transaction, the insider now owns 57,899 shares in the company, valued at $2,479,814.17. This trade represents a 8.92 % 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 Monday, January 6th, Jon Blotner sold 4,521 shares of Wayfair stock. The shares were sold at an average price of $46.88, for a total value 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 Up 0.3 %

Shares of W stock opened at $42.83 on Thursday. The company has a market capitalization of $5.37 billion, a P/E ratio of -9.54 and a beta of 3.43. Wayfair Inc. has a 12 month low of $37.35 and a 12 month high of $76.18. The stock has a 50 day moving average of $45.48 and a two-hundred day moving average of $47.42.

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

Institutional Trading of Wayfair

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital Performance Advisors LLP acquired a new stake in Wayfair in the 3rd quarter valued at $29,000. GAMMA Investing LLC lifted its holdings in shares of Wayfair by 65.5% during the fourth quarter. GAMMA Investing LLC now owns 710 shares of the company’s stock valued at $31,000 after acquiring an additional 281 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Wayfair in the 3rd quarter valued at $44,000. Brooklyn Investment Group bought a new stake in shares of Wayfair in the 3rd quarter worth about $50,000. Finally, Northwest & Ethical Investments L.P. bought a new stake in shares of Wayfair in the 3rd quarter worth about $67,000. Institutional investors own 89.67% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on W. Guggenheim restated a “buy” rating and set a $70.00 price target on shares of Wayfair in a report on Thursday, September 26th. 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. Royal Bank of Canada reduced their price objective on shares of Wayfair from $53.00 to $50.00 and set a “sector perform” rating for the company in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Wayfair from $69.00 to $46.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Finally, UBS Group reduced their price objective on shares of Wayfair from $70.00 to $65.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. Fourteen investment 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.

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.