Wayfair Inc. (NYSE:W) CFO Kate Gulliver Sells 5,974 Shares

Wayfair Inc. (NYSE:W) CFO Kate Gulliver sold 5,974 shares of Wayfair stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $44.95, for a total transaction of $268,531.30. Following the completion of the sale, the chief financial officer now owns 129,964 shares in the company, valued at approximately $5,841,881.80. This represents a 4.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Monday, January 6th, Kate Gulliver sold 5,754 shares of Wayfair stock. The shares were sold at an average price of $47.06, for a total transaction of $270,783.24.

Wayfair Trading Down 4.8 %

NYSE W opened at $46.17 on Wednesday. The stock has a market cap of $5.79 billion, a PE ratio of -10.28 and a beta of 3.43. The company’s 50-day moving average price is $45.18 and its 200-day moving average price is $47.74. Wayfair Inc. has a 12 month low of $37.35 and a 12 month high of $76.18.

Wayfair (NYSE:W) last released its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $2.87 billion. During the same quarter in the previous year, the business earned ($1.38) earnings per share. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Wayfair Inc. will post -2.91 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC boosted its position in Wayfair by 28.0% during the 2nd quarter. Renaissance Technologies LLC now owns 3,086,569 shares of the company’s stock valued at $162,755,000 after acquiring an additional 675,271 shares in the last quarter. Wolf Hill Capital Management LP boosted its holdings in Wayfair by 22.9% in the second quarter. Wolf Hill Capital Management LP now owns 2,322,906 shares of the company’s stock worth $122,487,000 after acquiring an additional 432,404 shares in the last quarter. Geode Capital Management LLC grew its position in Wayfair by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,524,854 shares of the company’s stock worth $85,690,000 after purchasing an additional 35,268 shares during the last quarter. Southpoint Capital Advisors LP acquired a new position in shares of Wayfair in the 3rd quarter valued at $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 valued at $69,393,000 after purchasing an additional 1,213,896 shares during the period. 89.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on W shares. Needham & Company LLC reiterated a “buy” rating and issued a $60.00 target price on shares of Wayfair in a research report on Friday, November 1st. Loop Capital upped their price objective on Wayfair from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Guggenheim reissued a “buy” rating and issued a $70.00 target price on shares of Wayfair in a report on Thursday, September 26th. Citigroup decreased their price target on shares of Wayfair from $70.00 to $54.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Finally, StockNews.com raised shares of Wayfair from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. Fourteen research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.24.

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.