Wayfair (NYSE:W) Shares Down 4.2% Following Insider Selling

Wayfair Inc. (NYSE:W - Get Free Report)'s stock price traded down 4.2% on Thursday after an insider sold shares in the company. The company traded as low as $43.30 and last traded at $43.56. 831,229 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 4,395,498 shares. The stock had previously closed at $45.45.

Specifically, COO Thomas Netzer sold 1,039 shares of the company's stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $50.65, for a total value of $52,625.35. Following the completion of the sale, the chief operating officer now owns 171,790 shares of the company's stock, valued at $8,701,163.50. This represents a 0.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on W shares. Argus lowered Wayfair from a "buy" rating to a "hold" rating in a research report on Monday, August 26th. UBS Group dropped their price objective on shares of Wayfair from $70.00 to $65.00 and set a "buy" rating on the stock in a research note on Tuesday, October 22nd. StockNews.com upgraded shares of Wayfair from a "sell" rating to a "hold" rating in a research note on Thursday. Wedbush lowered their price target on shares of Wayfair from $50.00 to $45.00 and set an "outperform" rating for the company in a report on Monday, November 4th. Finally, Mizuho cut their price objective on shares of Wayfair from $65.00 to $60.00 and set an "outperform" rating on the stock in a report on Monday, November 4th. Thirteen equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $60.28.

Wayfair Trading Down 3.7 %

The business has a 50-day moving average price of $46.29 and a two-hundred day moving average price of $48.74. The firm has a market capitalization of $5.48 billion, a price-to-earnings ratio of -9.74 and a beta of 3.44.

Wayfair (NYSE:W - Get Free Report) last posted its earnings results on Friday, November 1st. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.13 by $0.09. The firm had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.87 billion. Wayfair's revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter last year, the company posted ($1.38) EPS. On average, equities research analysts predict that Wayfair Inc. will post -2.91 earnings per share for the current fiscal year.

Institutional Trading of Wayfair

Several large investors have recently added to or reduced their stakes in the business. Tabor Asset Management LP lifted its holdings in shares of Wayfair by 11.3% in the third quarter. Tabor Asset Management LP now owns 156,871 shares of the company's stock valued at $8,813,000 after buying an additional 15,932 shares during the period. Groupama Asset Managment raised its stake in Wayfair by 100.0% during the 3rd quarter. Groupama Asset Managment now owns 1,000,000 shares of the company's stock valued at $56,180,000 after purchasing an additional 500,000 shares during the period. Wellington Management Group LLP lifted its stake in Wayfair by 22.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,097,822 shares of the company's stock worth $61,676,000 after acquiring an additional 201,157 shares in the last quarter. Highland Peak Capital LLC purchased a new stake in shares of Wayfair in the second quarter worth approximately $5,165,000. Finally, Sei Investments Co. lifted its position in Wayfair by 32.8% in the 2nd quarter. Sei Investments Co. now owns 133,415 shares of the company's stock worth $7,035,000 after buying an additional 32,968 shares in the last quarter. 89.67% of the stock is currently owned by institutional investors and hedge funds.

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.