Jon Blotner Sells 4,966 Shares of Wayfair Inc. (NYSE:W) Stock

Wayfair Inc. (NYSE:W) insider Jon Blotner sold 4,966 shares of Wayfair stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $44.93, for a total value of $223,122.38. Following the transaction, the insider now directly owns 68,089 shares in the company, valued at $3,059,238.77. The trade was a 6.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 stock was sold at an average price of $46.88, for a total value of $211,944.48.
• 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 Performance

NYSE:W traded down $2.32 on Tuesday, hitting $46.17. The stock had a trading volume of 2,854,610 shares, compared to its average volume of 3,330,002. Wayfair Inc. has a 1 year low of $37.35 and a 1 year high of $76.18. The firm’s fifty day simple moving average is $45.18 and its two-hundred day simple moving average is $47.74. The stock has a market cap of $5.79 billion, a P/E ratio of -10.28 and a beta of 3.43.

Wayfair (NYSE:W) last issued its quarterly earnings results on Friday, November 1st. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.09. The business had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.87 billion. During the same period in the previous year, the business posted ($1.38) earnings per share. The business’s revenue was down 2.0% compared to the same quarter last year. Equities research analysts predict that Wayfair Inc. will post -2.91 EPS for the current year.

Institutional Investors Weigh In On Wayfair

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

Wall Street Analyst Weigh In

W has been the topic of a number of recent analyst reports. Guggenheim restated a “buy” rating and issued a $70.00 price target on shares of Wayfair in a research report on Thursday, September 26th. Citigroup dropped their target price on shares of Wayfair from $70.00 to $54.00 and set a “buy” rating on the stock in a report on Monday, November 4th. StockNews.com upgraded Wayfair from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. BMO Capital Markets dropped their price objective on Wayfair from $58.00 to $50.00 and set a “market perform” rating on the stock in a research note on Monday, November 4th. Finally, Loop Capital upped their target price on Wayfair from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Fourteen 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 MarketBeat.com, Wayfair has an average rating of “Moderate Buy” and an average price target 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.