Jon Blotner Sells 19,257 Shares of Wayfair Inc. (NYSE:W) Stock

Wayfair Inc. (NYSE:W) insider Jon Blotner sold 19,257 shares of Wayfair stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $31.68, for a total value of $610,061.76. Following the sale, the insider now directly owns 78,308 shares of the company’s stock, valued at approximately $2,480,797.44. This represents a 19.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Monday, January 13th, Jon Blotner sold 5,669 shares of Wayfair stock. The stock was sold at an average price of $42.83, for a total value of $242,803.27.
• 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 Friday, January 3rd, Jon Blotner sold 4,966 shares of Wayfair stock. The stock was sold at an average price of $44.93, for a total transaction of $223,122.38.

Wayfair Stock Performance

Shares of W traded up $1.76 during trading hours on Wednesday, hitting $33.70. 6,463,138 shares of the stock were exchanged, compared to its average volume of 4,328,821. The stock’s 50-day moving average price is $40.69 and its two-hundred day moving average price is $45.09. Wayfair Inc. has a 12-month low of $27.91 and a 12-month high of $76.18. The company has a market cap of $4.28 billion, a price-to-earnings ratio of -8.38 and a beta of 3.44.

Wayfair (NYSE:W) last released its earnings results on Thursday, February 20th. The company reported ($0.96) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($1.01). The firm had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.07 billion. On average, research analysts expect that Wayfair Inc. will post -2.54 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Raymond James set a $60.00 price objective on shares of Wayfair and gave the stock a “strong-buy” rating in a research note on Friday, February 21st. Jefferies Financial Group raised Wayfair from a “hold” rating to a “buy” rating and increased their price target for the stock from $45.00 to $47.00 in a research report on Friday, March 7th. Loop Capital decreased their price objective on Wayfair from $55.00 to $45.00 and set a “hold” rating for the company in a report on Friday, February 21st. Stifel Nicolaus dropped their target price on Wayfair from $47.00 to $46.00 and set a “hold” rating on the stock in a report on Friday, February 21st. Finally, Canaccord Genuity Group decreased their price target on Wayfair from $76.00 to $68.00 and set a “buy” rating for the company in a report on Friday, February 21st. Fourteen analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Wayfair presently has an average rating of “Moderate Buy” and a consensus target price of $56.81.

Institutional Trading of Wayfair

A number of hedge funds have recently bought and sold shares of the business. True Wealth Design LLC raised its stake in Wayfair by 207.1% during the fourth quarter. True Wealth Design LLC now owns 565 shares of the company’s stock worth $25,000 after purchasing an additional 381 shares during the period. J.Safra Asset Management Corp increased its holdings in shares of Wayfair by 71.3% during the 4th quarter. J.Safra Asset Management Corp now owns 586 shares of the company’s stock worth $26,000 after buying an additional 244 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Wayfair by 577.0% during the 4th quarter. Jones Financial Companies Lllp now owns 589 shares of the company’s stock valued at $26,000 after buying an additional 502 shares during the period. GAMMA Investing LLC lifted its holdings in 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 acquiring an additional 281 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new position in Wayfair in the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 89.67% of the company’s stock.

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.