Jon Blotner Sells 4,966 Shares of Wayfair Inc. (NYSE:W) Stock

Wayfair Inc. (NYSE:W) insider Jon Blotner sold 4,966 shares of Wayfair stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $44.93, for a total transaction of $223,122.38. Following the completion of the sale, the insider now owns 68,089 shares of the company’s stock, valued at approximately $3,059,238.77. This trade represents a 6.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, January 6th, Jon Blotner sold 4,521 shares of Wayfair stock. The stock was sold at an average price of $46.88, for a total transaction of $211,944.48.
• 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 transaction of $246,560.00.

Wayfair Trading Down 1.6 %

Wayfair stock opened at $45.29 on Thursday. Wayfair Inc. has a 52 week low of $37.35 and a 52 week high of $76.18. The stock has a market cap of $5.68 billion, a price-to-earnings ratio of -10.09 and a beta of 3.43. The company’s 50-day moving average price is $45.24 and its two-hundred day moving average price is $47.70.

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Royal Bank of Canada cut their price objective on Wayfair from $53.00 to $50.00 and set a “sector perform” rating on the stock in a research note on Monday, November 4th. Robert W. Baird reduced their price objective on Wayfair from $56.00 to $50.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. Citigroup lowered their target price on shares of Wayfair from $70.00 to $54.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Mizuho dropped their target price 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. Finally, BMO Capital Markets decreased their price target on shares of Wayfair from $58.00 to $50.00 and set a “market perform” rating for the company in a report on Monday, November 4th. Fourteen equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $60.24.

Institutional Trading of Wayfair

Several institutional investors have recently modified their holdings of W. Capital Performance Advisors LLP bought a new stake in Wayfair in the third quarter worth about $29,000. GAMMA Investing LLC grew its stake in shares of Wayfair by 65.5% in the 4th quarter. GAMMA Investing LLC now owns 710 shares of the company’s stock worth $31,000 after purchasing an additional 281 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Wayfair in the 3rd quarter worth approximately $44,000. Brooklyn Investment Group acquired a new stake in Wayfair during the third quarter valued at approximately $50,000. Finally, Northwest & Ethical Investments L.P. bought a new stake in Wayfair during the third quarter worth approximately $67,000. Institutional investors and hedge funds own 89.67% of the company’s stock.

About Wayfair

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.