Wayfair Inc. (NYSE:W) CFO Sells $611,104.32 in Stock

Wayfair Inc. (NYSE:W) CFO Kate Gulliver sold 19,296 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $31.67, for a total value of $611,104.32. Following the completion of the transaction, the chief financial officer now directly owns 144,474 shares in the company, valued at $4,575,491.58. The trade was a 11.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Monday, January 6th, Kate Gulliver sold 5,754 shares of Wayfair stock. The stock was sold at an average price of $47.06, for a total transaction of $270,783.24.
• On Friday, January 3rd, Kate Gulliver sold 5,974 shares of Wayfair stock. The shares were sold at an average price of $44.95, for a total transaction of $268,531.30.

Wayfair Price Performance

NYSE W opened at $33.70 on Thursday. Wayfair Inc. has a 1-year low of $28.47 and a 1-year high of $76.18. The business has a 50 day simple moving average of $40.41 and a two-hundred day simple moving average of $45.01. The stock has a market capitalization of $4.28 billion, a PE ratio of -8.38 and a beta of 3.44.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on W shares. Bank of America dropped their price target on shares of Wayfair from $52.00 to $50.00 and set a “neutral” rating on the stock in a research note on Friday, February 21st. Guggenheim reiterated a “buy” rating and set a $60.00 target price on shares of Wayfair in a research report on Monday, March 10th. Wedbush restated a “neutral” rating and issued a $46.00 price target (up previously from $44.00) on shares of Wayfair in a research report on Friday, February 21st. JPMorgan Chase & Co. lowered their price objective on Wayfair from $63.00 to $50.00 and set an “overweight” rating on the stock in a research report on Monday, March 10th. Finally, Canaccord Genuity Group cut their price objective on Wayfair from $76.00 to $68.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Fourteen investment 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 company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.81.

Hedge Funds Weigh In On Wayfair

A number of institutional investors and hedge funds have recently made changes to their positions in W. True Wealth Design LLC boosted its holdings in shares of Wayfair by 207.1% in the 4th 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 lifted its position in Wayfair by 71.3% in the fourth 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 boosted its stake in Wayfair by 577.0% during the fourth quarter. Jones Financial Companies Lllp now owns 589 shares of the company’s stock worth $26,000 after buying an additional 502 shares during the period. GAMMA Investing LLC increased its position in Wayfair by 65.5% during 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, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Wayfair in the third quarter valued at $44,000. 89.67% of the stock is owned by hedge funds and other institutional investors.

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.