Insider Selling: Wayfair Inc. (NYSE:W) CFO Sells $55,675.62 in Stock

Posted by Defense World Staff on Mar 6th, 2023

Wayfair Inc. (NYSE:W – Get Rating) CFO Kate Gulliver sold 1,442 shares of the business’s stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of $38.61, for a total value of $55,675.62. Following the sale, the chief financial officer now directly owns 24,269 shares in the company, valued at approximately $937,026.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

On Thursday, February 2nd, Kate Gulliver sold 1,244 shares of Wayfair stock. The shares were sold at an average price of $69.42, for a total value of $86,358.48.
On Wednesday, January 4th, Kate Gulliver sold 3,175 shares of Wayfair stock. The shares were sold at an average price of $33.25, for a total value of $105,568.75.

Wayfair Stock Up 4.3 %

Shares of W opened at $40.52 on Monday. The company has a 50-day simple moving average of $47.16 and a 200-day simple moving average of $42.31. Wayfair Inc. has a 52 week low of $28.11 and a 52 week high of $137.00.

Wayfair (NYSE:W – Get Rating) last posted its earnings results on Thursday, February 23rd. The company reported ($3.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($3.04) by ($0.15). The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.06 billion. On average, research analysts anticipate that Wayfair Inc. will post -9.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on W. Cowen dropped their price target on Wayfair from $60.00 to $40.00 and set a “market perform” rating on the stock in a report on Friday, February 24th. Citigroup upped their price target on Wayfair from $50.00 to $57.00 in a report on Friday, January 20th. StockNews.com raised Wayfair to a “sell” rating in a report on Wednesday, January 18th. Wolfe Research began coverage on Wayfair in a report on Thursday, December 15th. They issued a “peer perform” rating on the stock. Finally, Barclays lowered their price objective on shares of Wayfair from $70.00 to $40.00 in a research report on Monday, February 27th. Six equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $53.24.

Institutional Trading of Wayfair

A number of institutional investors and hedge funds have recently added to or reduced their stakes in W. HighTower Advisors LLC increased its stake in Wayfair by 16.9% in the first quarter. HighTower Advisors LLC now owns 2,360 shares of the company’s stock valued at $259,000 after acquiring an additional 342 shares during the period. MetLife Investment Management LLC bought a new stake in Wayfair during the first quarter worth about $378,000. Panagora Asset Management Inc. grew its stake in Wayfair by 42.7% during the first quarter. Panagora Asset Management Inc. now owns 2,204 shares of the company’s stock worth $244,000 after buying an additional 659 shares during the last quarter. Vontobel Holding Ltd. grew its stake in Wayfair by 51.6% during the first quarter. Vontobel Holding Ltd. now owns 12,740 shares of the company’s stock worth $1,548,000 after buying an additional 4,338 shares during the last quarter. Finally, Aviva PLC grew its stake in Wayfair by 1.5% during the first quarter. Aviva PLC now owns 23,470 shares of the company’s stock worth $2,600,000 after buying an additional 346 shares during the last quarter. Institutional investors own 90.61% of the company’s stock.

About Wayfair

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Wayfair, Inc engages in an online home furnishing store. It operates through the U.S. and International segments. The U.S. segment consists of amounts earned through product sales through the company’s five distinct sites in the U.S. and through websites operated by third parties in the U.S. The International segment is composed of earnings through product sales in international sites.