Wayfair (NYSE:W) Insider Jon Blotner Sells 4,997 Shares of Stock

Wayfair Inc. (NYSE:W) insider Jon Blotner sold 4,997 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $105.84, for a total value of $528,882.48. Following the transaction, the insider directly owned 106,107 shares of the company’s stock, valued at approximately $11,230,364.88. This represents a 4.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Wayfair Trading Down 1.1%

NYSE W opened at $105.41 on Tuesday. The firm has a market capitalization of $13.74 billion, a PE ratio of -41.18 and a beta of 3.31. The business’s 50-day moving average price is $102.31 and its two-hundred day moving average price is $83.47. Wayfair Inc. has a 12 month low of $20.41 and a 12 month high of $114.92.

Wayfair (NYSE:W) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.26. The company had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same period in the prior year, the firm earned $0.22 earnings per share. Wayfair’s revenue was up 8.1% compared to the same quarter last year. As a group, analysts forecast that Wayfair Inc. will post -2.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on W. Weiss Ratings reissued a “sell (d-)” rating on shares of Wayfair in a research note on Wednesday, October 8th. Stifel Nicolaus set a $100.00 price objective on Wayfair in a research report on Wednesday, October 29th. Cowen restated a “hold” rating on shares of Wayfair in a research report on Wednesday, October 29th. JPMorgan Chase & Co. raised their target price on Wayfair from $82.00 to $105.00 and gave the stock an “overweight” rating in a research note on Monday, October 27th. Finally, Wells Fargo & Company lifted their target price on Wayfair from $90.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Wayfair presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.29.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in W. Cornerstone Planning Group LLC raised its position in shares of Wayfair by 28,200.0% during the third quarter. Cornerstone Planning Group LLC now owns 283 shares of the company’s stock worth $25,000 after purchasing an additional 282 shares during the period. True Wealth Design LLC increased its stake in Wayfair by 250.5% during the 3rd quarter. True Wealth Design LLC now owns 326 shares of the company’s stock valued at $29,000 after purchasing an additional 233 shares in the last quarter. Global Retirement Partners LLC raised its holdings in Wayfair by 156.3% during the third quarter. Global Retirement Partners LLC now owns 328 shares of the company’s stock worth $29,000 after buying an additional 200 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Wayfair by 393.4% during the second quarter. EverSource Wealth Advisors LLC now owns 819 shares of the company’s stock worth $42,000 after buying an additional 653 shares during the last quarter. Finally, Larson Financial Group LLC lifted its stake in shares of Wayfair by 30.0% in the third quarter. Larson Financial Group LLC now owns 520 shares of the company’s stock valued at $46,000 after buying an additional 120 shares in the last quarter. 89.67% of the stock is owned by institutional investors and hedge funds.

About Wayfair

Wayfair Inc (NYSE: W) is an e-commerce company focused on home furnishings and décor. Through its platform, Wayfair offers a broad assortment of furniture, lighting, home textiles, kitchenware and decorative accessories. The company’s portfolio includes flagship sites such as Wayfair.com, as well as specialty retail brands like Joss & Main, AllModern, Birch Lane and Perigold, each catering to distinct design styles and price points.

Founded in 2002 by Niraj Shah and Steve Conine under the name CSN Stores, the business rebranded as Wayfair in 2011 and went public in 2014.