Wayfair Inc. (NYSE:W) CFO Kate Gulliver Sells 5,754 Shares

Wayfair Inc. (NYSE:W) CFO Kate Gulliver sold 5,754 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $47.06, for a total value of $270,783.24. Following the completion of the transaction, the chief financial officer now directly owns 124,210 shares of the company’s stock, valued at approximately $5,845,322.60. This trade represents a 4.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Kate Gulliver also recently made the following trade(s):

• On Friday, January 3rd, Kate Gulliver sold 5,974 shares of Wayfair stock. The stock was sold at an average price of $44.95, for a total transaction of $268,531.30.

Wayfair Stock Down 4.8 %

W stock traded down $2.32 during mid-day trading on Tuesday, hitting $46.17. The company had a trading volume of 2,854,610 shares, compared to its average volume of 3,330,002. The company has a 50-day moving average price of $45.18 and a 200 day moving average price of $47.74. Wayfair Inc. has a 12-month low of $37.35 and a 12-month high of $76.18. The company 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 posted its earnings results on Friday, November 1st. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.09. The firm had revenue of $2.88 billion during 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 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of W. Capital Performance Advisors LLP bought a new stake in Wayfair in the third quarter worth $29,000. GAMMA Investing LLC grew its stake in shares of Wayfair by 65.5% in the 4th quarter. GAMMA Investing LLC now owns 710 shares of the company’s stock worth $31,000 after buying an additional 281 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Wayfair in the 3rd quarter worth about $44,000. Brooklyn Investment Group purchased a new stake in shares of Wayfair during the 3rd quarter valued at about $50,000. Finally, Northwest & Ethical Investments L.P. purchased a new stake in shares of Wayfair during the 3rd quarter valued at about $67,000. 89.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus dropped their target price on shares of Wayfair from $55.00 to $47.00 and set a “hold” rating on the stock in a report on Monday, November 4th. Robert W. Baird dropped their target price on Wayfair from $56.00 to $50.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. Loop Capital boosted their price target on Wayfair from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Monday, December 16th. StockNews.com upgraded shares of Wayfair from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. Finally, Piper Sandler dropped their price objective on shares of Wayfair from $67.00 to $63.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. Fourteen analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Wayfair currently has an average rating of “Moderate Buy” and a consensus price target 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.