Insider Selling: Wayfair Inc. (NYSE:W) COO Sells $52,625.35 in Stock

Wayfair Inc. (NYSE:W) COO Thomas Netzer sold 1,039 shares of the firm’s stock in a transaction on 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 transaction, the chief operating officer now owns 171,790 shares in the company, valued at approximately $8,701,163.50. This trade represents a 0.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Thomas Netzer also recently made the following trade(s):

• On Wednesday, October 2nd, Thomas Netzer sold 8,435 shares of Wayfair stock. The shares were sold at an average price of $53.06, for a total transaction of $447,561.10.

Wayfair Stock Performance

NYSE:W opened at $45.72 on Friday. Wayfair Inc. has a 1 year low of $37.35 and a 1 year high of $76.18. The stock has a market cap of $5.73 billion, a price-to-earnings ratio of -10.18 and a beta of 3.44. The business has a fifty day moving average of $46.12 and a 200-day moving average of $48.65.

Wayfair (NYSE:W) last posted its quarterly earnings data on Friday, November 1st. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.09. The firm had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.87 billion. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the prior year, the business posted ($1.38) EPS. On average, equities research analysts predict that Wayfair Inc. will post -2.91 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on W. Stifel Nicolaus cut their target price on shares of Wayfair from $55.00 to $47.00 and set a “hold” rating for the company in a report on Monday, November 4th. Loop Capital boosted their price objective on Wayfair from $50.00 to $55.00 and gave the company a “hold” rating in a report on Monday, December 16th. Robert W. Baird reduced 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. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Wayfair from $69.00 to $46.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Finally, BMO Capital Markets cut their price target on Wayfair from $58.00 to $50.00 and set a “market perform” 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 issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Wayfair has an average rating of “Moderate Buy” and an average target price of $60.28.

Hedge Funds Weigh In On Wayfair

Large investors have recently made changes to their positions in the business. Renaissance Technologies LLC raised its stake in shares of Wayfair by 28.0% in the second quarter. Renaissance Technologies LLC now owns 3,086,569 shares of the company’s stock worth $162,755,000 after acquiring an additional 675,271 shares during the last quarter. Wolf Hill Capital Management LP boosted its position in shares of Wayfair by 22.9% during the second quarter. Wolf Hill Capital Management LP now owns 2,322,906 shares of the company’s stock worth $122,487,000 after purchasing an additional 432,404 shares in the last quarter. Geode Capital Management LLC grew its stake in Wayfair by 2.4% in the third quarter. Geode Capital Management LLC now owns 1,524,854 shares of the company’s stock valued at $85,690,000 after acquiring an additional 35,268 shares during the period. Southpoint Capital Advisors LP acquired a new stake in Wayfair during the 3rd quarter worth approximately $78,652,000. Finally, Holocene Advisors LP lifted its position in Wayfair by 5,699.8% in the 3rd quarter. Holocene Advisors LP now owns 1,235,193 shares of the company’s stock valued at $69,393,000 after acquiring an additional 1,213,896 shares in the last quarter. 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.