Thomas Netzer Sells 142 Shares of Wayfair Inc. (NYSE:W) Stock

Wayfair Inc. (NYSE:W – Get Rating) COO Thomas Netzer sold 142 shares of the business’s stock in a transaction that occurred on Tuesday, May 3rd. The stock was sold at an average price of $87.45, for a total transaction of $12,417.90. Following the completion of the sale, the chief operating officer now owns 43,830 shares of the company’s stock, valued at $3,832,933.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Thomas Netzer also recently made the following trade(s):

• On Wednesday, March 16th, Thomas Netzer sold 288 shares of Wayfair stock. The stock was sold at an average price of $115.77, for a total transaction of $33,341.76.
• On Wednesday, February 2nd, Thomas Netzer sold 1,870 shares of Wayfair stock. The stock was sold at an average price of $156.68, for a total transaction of $292,991.60.

Shares of W stock opened at $89.85 on Wednesday. Wayfair Inc. has a one year low of $75.20 and a one year high of $339.56. The company’s 50-day moving average is $112.21 and its 200 day moving average is $170.50. The company has a market capitalization of $9.44 billion, a price-to-earnings ratio of -65.58 and a beta of 2.89.

Wayfair (NYSE:W – Get Rating) last announced its quarterly earnings data on Thursday, February 24th. The company reported ($1.97) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.67) by ($0.30). Wayfair had a negative net margin of 0.96% and a negative return on equity of 10.52%. The firm had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same period last year, the company posted $0.44 earnings per share. The business’s revenue for the quarter was down 11.4% compared to the same quarter last year. As a group, analysts anticipate that Wayfair Inc. will post -7.31 EPS for the current year.

A number of equities research analysts have recently weighed in on the stock. Royal Bank of Canada lowered their price objective on shares of Wayfair from $158.00 to $137.00 and set a “sector perform” rating for the company in a report on Friday, February 25th. Canaccord Genuity Group lowered their price objective on shares of Wayfair from $250.00 to $220.00 and set a “buy” rating for the company in a report on Friday, February 25th. Needham & Company LLC lowered their price target on shares of Wayfair from $180.00 to $150.00 and set a “buy” rating for the company in a report on Friday, April 1st. Jefferies Financial Group lowered their price target on shares of Wayfair from $247.00 to $149.00 and set a “hold” rating for the company in a report on Monday, February 14th. Finally, Cowen lowered their price target on shares of Wayfair from $370.00 to $320.00 and set an “outperform” rating for the company in a report on Friday, February 18th. Eight analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $190.75.

Hedge funds have recently made changes to their positions in the stock. Raymond James & Associates lifted its stake in Wayfair by 25.9% during the 3rd quarter. Raymond James & Associates now owns 5,826 shares of the company’s stock valued at $1,489,000 after acquiring an additional 1,198 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in Wayfair by 2.8% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 3,932 shares of the company’s stock valued at $1,005,000 after acquiring an additional 107 shares during the period. Advisor Group Holdings Inc. lifted its stake in Wayfair by 18.8% during the 3rd quarter. Advisor Group Holdings Inc. now owns 12,196 shares of the company’s stock valued at $3,116,000 after acquiring an additional 1,931 shares during the period. Daiwa Securities Group Inc. lifted its stake in Wayfair by 7.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 7,361 shares of the company’s stock valued at $1,881,000 after acquiring an additional 505 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in Wayfair by 13.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 23,589 shares of the company’s stock valued at $6,261,000 after acquiring an additional 2,742 shares during the period. 85.89% of the stock is currently owned by institutional investors.

Wayfair Company Profile (Get Rating)

Wayfair Inc engages in the e-commerce business in the United States and internationally. The company provides approximately thirty-three million products for the home sector under various brands. It offers online selections of furniture, décor, housewares, and home improvement products through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold brands.

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