Kate Gulliver Sells 5,754 Shares of Wayfair Inc. (NYSE:W) Stock

Wayfair Inc. (NYSE:W) CFO Kate Gulliver sold 5,754 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $47.06, for a total value of $270,783.24. Following the completion of the transaction, the chief financial officer now owns 124,210 shares of the company’s stock, valued at $5,845,322.60. The trade was a 4.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Kate Gulliver also recently made the following trade(s):

• On Friday, January 3rd, Kate Gulliver sold 5,974 shares of Wayfair stock. The shares were sold at an average price of $44.95, for a total transaction of $268,531.30.

Wayfair Stock Down 1.6 %

Shares of W stock opened at $45.29 on Thursday. The firm has a market cap of $5.68 billion, a price-to-earnings ratio of -10.09 and a beta of 3.43. Wayfair Inc. has a 12 month low of $37.35 and a 12 month high of $76.18. The stock has a 50-day moving average price of $45.24 and a 200 day moving average price of $47.70.

Wayfair (NYSE:W) last issued its quarterly 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 business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.87 billion. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($1.38) EPS. Sell-side analysts predict that Wayfair Inc. will post -2.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on W shares. Robert W. Baird decreased their target price on shares of Wayfair from $56.00 to $50.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. Needham & Company LLC reiterated a “buy” rating and issued a $60.00 price objective on shares of Wayfair in a research note on Friday, November 1st. Guggenheim restated a “buy” rating and set a $70.00 target price on shares of Wayfair in a research report on Thursday, September 26th. Stifel Nicolaus dropped their price objective on Wayfair from $55.00 to $47.00 and set a “hold” rating for the company in a research note on Monday, November 4th. Finally, Royal Bank of Canada reduced their target price on shares of Wayfair from $53.00 to $50.00 and set a “sector perform” rating on the stock in a research note on Monday, November 4th. Fourteen equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $60.24.

Institutional Trading of Wayfair

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