Jon Blotner Sells 4,997 Shares of Wayfair (NYSE:W) Stock

Wayfair Inc. (NYSE:W) insider Jon Blotner sold 4,997 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $105.84, for a total value of $528,882.48. Following the sale, the insider directly owned 106,107 shares of the company’s stock, valued at $11,230,364.88. The trade was a 4.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Wayfair Price Performance

NYSE W opened at $109.50 on Wednesday. The stock has a market capitalization of $14.27 billion, a P/E ratio of -42.77 and a beta of 3.31. The firm’s 50-day moving average is $102.37 and its two-hundred day moving average is $83.89. Wayfair Inc. has a 12 month low of $20.41 and a 12 month high of $114.92.

Wayfair (NYSE:W) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.26. The company had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.01 billion. Wayfair’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.22 earnings per share. As a group, analysts anticipate that Wayfair Inc. will post -2.54 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on W. Stifel Nicolaus set a $100.00 price target on Wayfair in a research note on Wednesday, October 29th. Raymond James Financial boosted their price objective on Wayfair from $90.00 to $130.00 and gave the company a “strong-buy” rating in a report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft set a $75.00 target price on Wayfair in a report on Friday, October 24th. Wells Fargo & Company lifted their target price on Wayfair from $90.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Finally, Cowen reissued a “hold” rating on shares of Wayfair in a research report on Wednesday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Wayfair has a consensus rating of “Moderate Buy” and an average target price of $105.29.

Institutional Investors Weigh In On Wayfair

A number of hedge funds have recently bought and sold shares of W. AQR Capital Management LLC lifted its stake in Wayfair by 111.7% in the first quarter. AQR Capital Management LLC now owns 524,072 shares of the company’s stock worth $16,786,000 after acquiring an additional 276,471 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Wayfair in the 2nd quarter valued at $1,512,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Wayfair in the 1st quarter valued at $452,000. Hook Mill Capital Partners LP purchased a new stake in shares of Wayfair during the 2nd quarter worth $39,965,000. Finally, Range Financial Group LLC acquired a new position in shares of Wayfair during the third quarter worth $1,330,000. Institutional investors and hedge funds own 89.67% of the company’s stock.

Wayfair Company Profile

Wayfair Inc (NYSE: W) is an e-commerce company focused on home furnishings and décor. Through its platform, Wayfair offers a broad assortment of furniture, lighting, home textiles, kitchenware and decorative accessories. The company’s portfolio includes flagship sites such as Wayfair.com, as well as specialty retail brands like Joss & Main, AllModern, Birch Lane and Perigold, each catering to distinct design styles and price points.

Founded in 2002 by Niraj Shah and Steve Conine under the name CSN Stores, the business rebranded as Wayfair in 2011 and went public in 2014.