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

Wayfair Inc. (NYSE:W) insider Jon Blotner sold 4,521 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $46.88, for a total value of $211,944.48. Following the completion of the sale, the insider now directly owns 63,568 shares of the company’s stock, valued at $2,980,067.84. This represents a 6.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• 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 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 1.6 %

Shares of W stock opened at $45.29 on Friday. The company has a market capitalization of $5.68 billion, a P/E ratio of -10.09 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 firm has a 50-day moving average price of $45.34 and a 200 day moving average price of $47.67.

Wayfair (NYSE:W) last posted its earnings results on Friday, November 1st. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.09. The firm 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 quarter last year, the firm posted ($1.38) EPS. As a group, research analysts expect that Wayfair Inc. will post -2.91 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on W. Robert W. Baird decreased their price objective on shares of Wayfair from $56.00 to $50.00 and set a “neutral” rating for the company in a report on Monday, November 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $60.00 price target on shares of Wayfair in a research report on Friday, November 1st. Truist Financial dropped their price objective on Wayfair from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. UBS Group decreased their target price on Wayfair from $70.00 to $65.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. Finally, Mizuho dropped their price target on Wayfair from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Fourteen investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $60.24.

Hedge Funds Weigh In On Wayfair

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Tabor Asset Management LP raised its holdings in shares of Wayfair by 11.3% in the third quarter. Tabor Asset Management LP now owns 156,871 shares of the company’s stock valued at $8,813,000 after buying an additional 15,932 shares during the last quarter. Groupama Asset Managment raised its stake in shares of Wayfair by 100.0% in the third 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 during the last quarter. Wellington Management Group LLP lifted its position in shares of Wayfair by 22.4% during the third quarter. Wellington Management Group LLP now owns 1,097,822 shares of the company’s stock worth $61,676,000 after purchasing an additional 201,157 shares in the last quarter. Highland Peak Capital LLC acquired a new position in shares of Wayfair during the second quarter worth approximately $5,165,000. Finally, Sei Investments Co. grew its stake in shares of Wayfair by 32.8% during the second quarter. Sei Investments Co. now owns 133,415 shares of the company’s stock valued at $7,035,000 after purchasing an additional 32,968 shares during the last quarter. 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.