Wayfair Inc (NYSE:W) major shareholder Great Hill Equity Partners Iv sold 2,720 shares of the company’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $63.00, for a total transaction of $171,360.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Great Hill Equity Partners Iv also recently made the following trade(s):

  • On Wednesday, May 24th, Great Hill Equity Partners Iv sold 5,440 shares of Wayfair stock. The shares were sold at an average price of $63.15, for a total transaction of $343,536.00.

Shares of Wayfair Inc (NYSE:W) traded up 1.63% during mid-day trading on Wednesday, hitting $64.75. 1,327,701 shares of the stock were exchanged. The stock’s market capitalization is $5.61 billion. Wayfair Inc has a 52 week low of $27.60 and a 52 week high of $65.80. The stock’s 50-day moving average is $51.26 and its 200-day moving average is $41.60.

Wayfair (NYSE:W) last issued its quarterly earnings data on Tuesday, May 9th. The company reported ($0.48) EPS for the quarter, beating the consensus estimate of ($0.80) by $0.32. The company had revenue of $960.80 million during the quarter, compared to analysts’ expectations of $934.84 million. Wayfair had a negative net margin of 5.29% and a negative return on equity of 91.94%. Wayfair’s revenue for the quarter was up 28.6% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.36) earnings per share. Analysts forecast that Wayfair Inc will post ($1.60) earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Wayfair (NYSE:W)

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A number of analysts have issued reports on W shares. Zacks Investment Research raised shares of Wayfair from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a report on Thursday, April 27th. Wedbush boosted their price objective on shares of Wayfair from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, February 15th. Bank of America Corp raised shares of Wayfair from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $44.00 to $75.00 in a report on Tuesday, May 9th. Canaccord Genuity reissued a “buy” rating on shares of Wayfair in a report on Tuesday, February 7th. Finally, Goldman Sachs Group Inc boosted their price objective on shares of Wayfair from $37.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, May 10th. Eleven analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Wayfair currently has a consensus rating of “Buy” and an average target price of $53.95.

A number of institutional investors have recently modified their holdings of W. BlackRock Investment Management LLC boosted its position in shares of Wayfair by 1.0% in the third quarter. BlackRock Investment Management LLC now owns 118,836 shares of the company’s stock valued at $4,679,000 after buying an additional 1,190 shares in the last quarter. BlackRock Fund Advisors boosted its position in shares of Wayfair by 6.3% in the third quarter. BlackRock Fund Advisors now owns 808,535 shares of the company’s stock valued at $31,832,000 after buying an additional 47,742 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Wayfair by 11.5% in the third quarter. Rhumbline Advisers now owns 31,767 shares of the company’s stock valued at $1,251,000 after buying an additional 3,272 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of Wayfair by 2.6% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 684,197 shares of the company’s stock valued at $26,937,000 after buying an additional 17,314 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Wayfair during the third quarter valued at approximately $229,000. 70.53% of the stock is owned by institutional investors.

About Wayfair

Wayfair Inc (Wayfair) offers browsing, merchandising and product discovery for a range of products from various suppliers. The Company operates through two segments: U.S. and International. The U.S. segment consists of amounts earned through product sales through the Company’s five sites in the United States and through sites operated by third parties in the United States.

12 Month Chart for NYSE:W

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