Jon Blotner Sells 4,521 Shares of Wayfair Inc. (NYSE:W) Stock

Wayfair Inc. (NYSE:W) insider Jon Blotner sold 4,521 shares of Wayfair stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $46.88, for a total value of $211,944.48. Following the sale, the insider now directly owns 63,568 shares in the company, valued at approximately $2,980,067.84. This trade represents a 6.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, January 3rd, Jon Blotner sold 4,966 shares of Wayfair stock. The stock was sold at an average price of $44.93, for a total value of $223,122.38.
• On Monday, October 14th, Jon Blotner sold 4,600 shares of Wayfair stock. The shares were sold at an average price of $53.60, for a total value of $246,560.00.

Wayfair Stock Down 1.6 %

W stock opened at $45.29 on Thursday. Wayfair Inc. has a twelve month low of $37.35 and a twelve month high of $76.18. The company has a market cap of $5.68 billion, a P/E ratio of -10.09 and a beta of 3.43. The business’s fifty day moving average is $45.24 and its 200-day moving average is $47.70.

Wayfair (NYSE:W) last released its earnings results on Friday, November 1st. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.09. The company had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.87 billion. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($1.38) EPS. Research analysts anticipate that Wayfair Inc. will post -2.91 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

W has been the subject of several research reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Wayfair from $69.00 to $46.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. UBS Group decreased their target price on shares of Wayfair from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Tuesday, October 22nd. Needham & Company LLC reissued a “buy” rating and issued a $60.00 price target on shares of Wayfair in a research report on Friday, November 1st. BMO Capital Markets lowered their price objective on Wayfair from $58.00 to $50.00 and set a “market perform” rating on the stock in a research note on Monday, November 4th. Finally, Robert W. Baird cut their target price on Wayfair from $56.00 to $50.00 and set a “neutral” rating for the company in a research report on Monday, November 4th. Fourteen equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $60.24.

Institutional Investors Weigh In On Wayfair

Several large investors have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its position in shares of Wayfair by 28.0% during the second quarter. Renaissance Technologies LLC now owns 3,086,569 shares of the company’s stock worth $162,755,000 after purchasing an additional 675,271 shares in the last quarter. Wolf Hill Capital Management LP raised its stake in Wayfair by 22.9% during the 2nd quarter. Wolf Hill Capital Management LP now owns 2,322,906 shares of the company’s stock worth $122,487,000 after buying an additional 432,404 shares during the period. Geode Capital Management LLC lifted its holdings in Wayfair by 2.4% during the third quarter. Geode Capital Management LLC now owns 1,524,854 shares of the company’s stock worth $85,690,000 after acquiring an additional 35,268 shares in the last quarter. Southpoint Capital Advisors LP acquired a new position in Wayfair in the third quarter valued at about $78,652,000. Finally, Holocene Advisors LP increased its holdings in shares of Wayfair by 5,699.8% in the third quarter. Holocene Advisors LP now owns 1,235,193 shares of the company’s stock worth $69,393,000 after acquiring an additional 1,213,896 shares in the last quarter. Institutional investors own 89.67% of the company’s stock.

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.