Insider Selling: Wayfair Inc. (NYSE:W) CFO Sells 19,296 Shares of Stock

Wayfair Inc. (NYSE:W - Get Free Report) CFO Kate Gulliver sold 19,296 shares of Wayfair stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $31.67, for a total value of $611,104.32. Following the sale, 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 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 stock was sold at an average price of $44.95, for a total transaction of $268,531.30.

Wayfair Trading Down 0.5 %

Wayfair stock traded down $0.12 on Monday, hitting $25.93. 5,381,013 shares of the stock traded hands, compared to its average volume of 4,479,859. The business's fifty day simple moving average is $39.50 and its 200 day simple moving average is $44.63. The firm has a market cap of $3.29 billion, a P/E ratio of -6.46 and a beta of 3.72. Wayfair Inc. has a 1 year low of $20.41 and a 1 year high of $76.18.

Wayfair (NYSE:W - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.07 billion. As a group, analysts predict that Wayfair Inc. will post -2.54 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in W. Vanguard Group Inc. increased its position in shares of Wayfair by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 9,315,337 shares of the company's stock valued at $412,856,000 after acquiring an additional 327,603 shares in the last quarter. Tabor Asset Management LP boosted its stake in Wayfair by 11.3% during the 3rd quarter. Tabor Asset Management LP now owns 156,871 shares of the company's stock valued at $8,813,000 after purchasing an additional 15,932 shares during the last quarter. Groupama Asset Managment increased its holdings in shares of Wayfair by 100.0% in the 3rd quarter. Groupama Asset Managment now owns 1,000,000 shares of the company's stock worth $56,180,000 after purchasing an additional 500,000 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Wayfair in the fourth quarter worth $6,799,000. Finally, Wellington Management Group LLP lifted its holdings in shares of Wayfair by 22.4% during the third quarter. Wellington Management Group LLP now owns 1,097,822 shares of the company's stock valued at $61,676,000 after purchasing an additional 201,157 shares in the last quarter. Hedge funds and other institutional investors own 89.67% of the company's stock.

Analyst Ratings Changes

W has been the subject of several research analyst reports. Needham & Company LLC reissued a "buy" rating and issued a $50.00 price objective on shares of Wayfair in a research report on Friday, February 21st. BMO Capital Markets boosted their price target on Wayfair from $50.00 to $55.00 and gave the company a "market perform" rating in a research note on Friday, February 21st. Royal Bank of Canada cut their price target on Wayfair from $50.00 to $43.00 and set a "sector perform" rating on the stock in a report on Monday, February 24th. Wedbush reiterated a "neutral" rating and issued a $46.00 price objective (up previously from $44.00) on shares of Wayfair in a research note on Friday, February 21st. Finally, Citigroup lowered shares of Wayfair from a "buy" rating to a "neutral" rating and cut their target price for the stock from $58.00 to $28.00 in a research note on Friday. Fifteen analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $54.84.

Wayfair Company Profile

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.