Wayfair Inc. (NYSE:W) COO Sells $52,625.35 in Stock

Wayfair Inc. (NYSE:W) COO Thomas Netzer sold 1,039 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $50.65, for a total value of $52,625.35. Following the transaction, the chief operating officer now directly owns 171,790 shares of the company’s stock, valued at $8,701,163.50. This represents a 0.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Thomas Netzer also recently made the following trade(s):

• On Wednesday, October 2nd, Thomas Netzer sold 8,435 shares of Wayfair stock. The stock was sold at an average price of $53.06, for a total transaction of $447,561.10.

Wayfair Trading Down 9.9 %

W traded down $4.97 during midday trading on Wednesday, hitting $45.45. 5,984,317 shares of the company were exchanged, compared to its average volume of 4,411,833. The company’s 50 day simple moving average is $46.68 and its 200 day simple moving average is $48.79. The firm has a market capitalization of $5.70 billion, a price-to-earnings ratio of -10.12 and a beta of 3.44. Wayfair Inc. has a 1-year low of $37.35 and a 1-year high of $76.18.

Wayfair (NYSE:W) last posted its earnings results on Friday, November 1st. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.13 by $0.09. The company had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.87 billion. The firm’s revenue was down 2.0% on a year-over-year basis. During the same period last year, the business earned ($1.38) earnings per share. On average, equities analysts anticipate that Wayfair Inc. will post -2.91 EPS for the current year.

Analyst Ratings Changes

W has been the topic of a number of recent research reports. Wedbush cut their price objective on shares of Wayfair from $50.00 to $45.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. Needham & Company LLC reaffirmed a “buy” rating and set a $60.00 price objective on shares of Wayfair in a research report on Friday, November 1st. Truist Financial dropped their target price on Wayfair from $60.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Mizuho reduced their price target on Wayfair from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Finally, Citigroup lowered their price target on Wayfair from $70.00 to $54.00 and set a “buy” rating for the company in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $60.28.

Institutional Investors Weigh In On Wayfair

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Southpoint Capital Advisors LP acquired a new position in Wayfair in the 3rd quarter worth about $78,652,000. Holocene Advisors LP raised its stake in shares of Wayfair by 5,699.8% during the 3rd quarter. Holocene Advisors LP now owns 1,235,193 shares of the company’s stock worth $69,393,000 after buying an additional 1,213,896 shares during the period. Renaissance Technologies LLC grew its stake in Wayfair by 28.0% in the 2nd quarter. Renaissance Technologies LLC now owns 3,086,569 shares of the company’s stock valued at $162,755,000 after acquiring an additional 675,271 shares during the period. Groupama Asset Managment increased its holdings in Wayfair by 100.0% in the 3rd quarter. Groupama Asset Managment now owns 1,000,000 shares of the company’s stock worth $56,180,000 after acquiring an additional 500,000 shares in the last quarter. Finally, Wolf Hill Capital Management LP raised its position in Wayfair by 22.9% during the second quarter. Wolf Hill Capital Management LP now owns 2,322,906 shares of the company’s stock worth $122,487,000 after acquiring an additional 432,404 shares during the period. Institutional investors and hedge funds own 89.67% of the company’s stock.

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.