Insider Selling: Wayfair Inc. (NYSE:W) Insider Sells 4,144 Shares of Stock

Wayfair Inc. (NYSE:W - Get Free Report) insider Jon Blotner sold 4,144 shares of the company's stock in a transaction on Monday, April 15th. The stock was sold at an average price of $60.52, for a total transaction of $250,794.88. Following the transaction, the insider now owns 37,957 shares of the company's stock, valued at $2,297,157.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Jon Blotner also recently made the following trade(s):

• On Thursday, April 4th, Jon Blotner sold 3,022 shares of Wayfair stock. The shares were sold at an average price of $64.94, for a total value of $196,248.68.
• On Tuesday, April 2nd, Jon Blotner sold 3,282 shares of Wayfair stock. The stock was sold at an average price of $63.10, for a total value of $207,094.20.
• On Monday, February 5th, Jon Blotner sold 3,492 shares of Wayfair stock. The shares were sold at an average price of $50.34, for a total value of $175,787.28.

Wayfair Trading Down 1.1 %

Shares of NYSE W traded down $0.61 during mid-day trading on Wednesday, reaching $54.74. The company had a trading volume of 3,698,936 shares, compared to its average volume of 4,303,544. The firm has a 50 day simple moving average of $59.25 and a two-hundred day simple moving average of $55.18. Wayfair Inc. has a 52-week low of $29.51 and a 52-week high of $90.71. The stock has a market cap of $6.59 billion, a P/E ratio of -8.49 and a beta of 3.29.

Wayfair (NYSE:W - Get Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The company reported ($1.46) EPS for the quarter, topping the consensus estimate of ($1.54) by $0.08. The firm had revenue of $3.11 billion for the quarter, compared to analysts' expectations of $3.10 billion. On average, equities analysts expect that Wayfair Inc. will post -3.37 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Canaccord Genuity Group reiterated a "buy" rating and set a $80.00 price objective on shares of Wayfair in a research report on Friday, February 23rd. Citigroup lifted their price target on Wayfair from $73.00 to $85.00 and gave the stock a "buy" rating in a report on Thursday, March 28th. Royal Bank of Canada upped their price objective on shares of Wayfair from $55.00 to $62.00 and gave the company a "sector perform" rating in a report on Friday, February 23rd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Wayfair from $63.00 to $79.00 and gave the stock a "buy" rating in a research note on Wednesday, April 10th. Finally, Loop Capital increased their price target on shares of Wayfair from $55.00 to $65.00 and gave the company a "hold" rating in a research note on Tuesday, April 2nd. Ten investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $77.03.

Institutional Investors Weigh In On Wayfair

Several hedge funds have recently made changes to their positions in the business. Captrust Financial Advisors grew its stake in shares of Wayfair by 24.1% during the 2nd quarter. Captrust Financial Advisors now owns 968 shares of the company's stock valued at $42,000 after buying an additional 188 shares during the period. IFP Advisors Inc grew its position in Wayfair by 7.9% during the second quarter. IFP Advisors Inc now owns 2,842 shares of the company's stock valued at $185,000 after acquiring an additional 208 shares during the period. M&T Bank Corp increased its stake in Wayfair by 4.3% during the third quarter. M&T Bank Corp now owns 5,262 shares of the company's stock worth $318,000 after acquiring an additional 219 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Wayfair by 4.3% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 6,749 shares of the company's stock worth $409,000 after purchasing an additional 276 shares during the period. Finally, Candriam Luxembourg S.C.A. raised its holdings in shares of Wayfair by 5.0% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 5,854 shares of the company's stock worth $648,000 after purchasing an additional 281 shares during the period. Institutional investors and hedge funds 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.