Jon Blotner Sells 4,801 Shares of Wayfair Inc. (NYSE:W) Stock

Wayfair Inc. (NYSE:WGet Free Report) insider Jon Blotner sold 4,801 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $50.95, for a total value of $244,610.95. Following the completion of the sale, the insider now owns 53,152 shares in the company, valued at approximately $2,708,094.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

  • On Monday, April 15th, Jon Blotner sold 4,144 shares of Wayfair stock. The stock was sold at an average price of $60.52, for a total value of $250,794.88.
  • On Thursday, April 4th, Jon Blotner sold 3,022 shares of Wayfair stock. The shares were sold at an average price of $64.94, for a total value of $196,248.68.

Wayfair Stock Down 0.1 %

Shares of Wayfair stock opened at $51.49 on Friday. Wayfair Inc. has a 52 week low of $38.37 and a 52 week high of $90.71. The business has a 50 day moving average price of $58.67 and a 200-day moving average price of $58.28. The company has a market cap of $6.20 billion, a PE ratio of -9.61 and a beta of 3.43.

Wayfair (NYSE:WGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The company reported ($1.38) EPS for the quarter, beating analysts’ consensus estimates of ($1.49) by $0.11. The company had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.64 billion. As a group, research analysts anticipate that Wayfair Inc. will post -2.94 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in W. WealthPlan Investment Management LLC lifted its holdings in Wayfair by 5.6% during the first quarter. WealthPlan Investment Management LLC now owns 5,097 shares of the company’s stock worth $346,000 after acquiring an additional 271 shares during the period. Treasurer of the State of North Carolina raised its stake in shares of Wayfair by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 36,486 shares of the company’s stock worth $2,251,000 after purchasing an additional 360 shares during the period. Amalgamated Bank raised its stake in shares of Wayfair by 2.8% during the 4th quarter. Amalgamated Bank now owns 14,640 shares of the company’s stock worth $903,000 after purchasing an additional 397 shares during the period. QRG Capital Management Inc. boosted its holdings in shares of Wayfair by 12.0% in the 1st quarter. QRG Capital Management Inc. now owns 3,716 shares of the company’s stock worth $252,000 after buying an additional 399 shares during the last quarter. Finally, Riverview Trust Co bought a new position in Wayfair during the first quarter valued at about $27,000. 89.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

W has been the topic of a number of recent analyst reports. Evercore ISI upgraded shares of Wayfair from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $65.00 to $80.00 in a research report on Thursday, April 4th. Wedbush restated an “outperform” rating and issued a $70.00 target price on shares of Wayfair in a report on Friday, May 3rd. Loop Capital decreased their price target on Wayfair from $60.00 to $50.00 and set a “hold” rating for the company in a report on Friday, June 21st. Truist Financial boosted their price objective on Wayfair from $63.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Finally, Needham & Company LLC restated a “buy” rating and set a $75.00 target price on shares of Wayfair in a research report on Thursday, May 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $78.50.

Read Our Latest Report on W

Wayfair Company Profile

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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, d├ęcor, housewares, and home improvement products through its sites consisting of Wayfair, Joss & Main, AllModern, Birch Lane, Perigold, and Wayfair Professional.

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Insider Buying and Selling by Quarter for Wayfair (NYSE:W)

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