Insider Selling: Wayfair Inc. (NYSE:W) CFO Sells $268,531.30 in Stock

Wayfair Inc. (NYSE:W) CFO Kate Gulliver sold 5,974 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $44.95, for a total transaction of $268,531.30. Following the transaction, the chief financial officer now owns 129,964 shares in the company, valued at $5,841,881.80. The trade was a 4.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, January 6th, Kate Gulliver sold 5,754 shares of Wayfair stock. The shares were sold at an average price of $47.06, for a total value of $270,783.24.

Wayfair Price Performance

Shares of W stock opened at $45.29 on Friday. The company has a market cap of $5.68 billion, a price-to-earnings ratio of -10.09 and a beta of 3.43. The stock’s fifty day moving average price is $45.34 and its 200 day moving average price is $47.67. Wayfair Inc. has a 1-year low of $37.35 and a 1-year high of $76.18.

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

Analyst Ratings Changes

A number of research firms recently issued reports on W. UBS Group dropped their price objective on Wayfair from $70.00 to $65.00 and set a “buy” rating for the company in a report on Tuesday, October 22nd. Loop Capital upped their price target on shares of Wayfair from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Truist Financial reduced their price target on shares of Wayfair from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Wayfair from $69.00 to $46.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Finally, Piper Sandler decreased their price target on shares of Wayfair from $67.00 to $63.00 and set an “overweight” rating for the company in a research note on Monday, October 28th. Fourteen equities research 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $60.24.

Institutional Investors Weigh In On Wayfair

Institutional investors and hedge funds have recently made changes to their positions in the stock. Capital Performance Advisors LLP purchased a new stake in Wayfair in the third quarter valued at approximately $29,000. GAMMA Investing LLC lifted its stake in Wayfair by 65.5% during the 4th 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 Wayfair during the 3rd quarter valued at approximately $44,000. Brooklyn Investment Group acquired a new stake in shares of Wayfair in the third quarter worth $50,000. Finally, Northwest & Ethical Investments L.P. acquired a new stake in shares of Wayfair in the third quarter worth $67,000. 89.67% of the stock is currently owned by institutional investors and hedge funds.

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.