Wayfair Inc. (NYSE:W) Insider Jon Blotner Sells 4,600 Shares

Wayfair Inc. (NYSE:W) insider Jon Blotner sold 4,600 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $53.60, for a total transaction of $246,560.00. Following the sale, the insider now directly owns 52,078 shares in the company, valued at $2,791,380.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, October 2nd, Jon Blotner sold 6,055 shares of Wayfair stock. The stock was sold at an average price of $53.07, for a total transaction of $321,338.85.

Wayfair Stock Down 3.8 %

Shares of W opened at $53.14 on Wednesday. Wayfair Inc. has a 52-week low of $38.02 and a 52-week high of $76.18. The company has a market capitalization of $6.40 billion, a PE ratio of -9.91 and a beta of 3.42. The stock has a fifty day simple moving average of $47.57 and a two-hundred day simple moving average of $53.74.

Wayfair (NYSE:W) last issued its earnings results on Thursday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). The business had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.18 billion. During the same period in the previous year, the business earned ($1.27) earnings per share. The firm’s revenue was up .2% on a year-over-year basis. As a group, equities analysts anticipate that Wayfair Inc. will post -2.68 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Citigroup dropped their price objective on shares of Wayfair from $85.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Guggenheim reaffirmed a “buy” rating and set a $70.00 price objective on shares of Wayfair in a research note on Thursday, September 26th. Barclays dropped their price objective on shares of Wayfair from $58.00 to $51.00 and set an “equal weight” rating on the stock in a research note on Monday, August 5th. Gordon Haskett lowered Wayfair from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Loop Capital increased their target price on Wayfair from $45.00 to $55.00 and gave the company a “hold” rating in a research report on Thursday, September 26th. Twelve analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $65.83.

Institutional Trading of Wayfair

A number of hedge funds and other institutional investors have recently modified their holdings of the business. WealthPlan Investment Management LLC increased its position in shares of Wayfair by 5.6% during the 1st quarter. WealthPlan Investment Management LLC now owns 5,097 shares of the company’s stock worth $346,000 after purchasing an additional 271 shares during the last quarter. Creative Planning increased its position in shares of Wayfair by 2.1% during the 3rd quarter. Creative Planning now owns 13,261 shares of the company’s stock worth $745,000 after purchasing an additional 272 shares during the last quarter. QRG Capital Management Inc. increased its position in shares of Wayfair by 12.0% during the 1st quarter. QRG Capital Management Inc. now owns 3,716 shares of the company’s stock worth $252,000 after purchasing an additional 399 shares during the last quarter. Riverview Trust Co acquired a new stake in shares of Wayfair during the 1st quarter worth about $27,000. Finally, BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Wayfair by 39.1% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,676 shares of the company’s stock worth $114,000 after purchasing an additional 471 shares during the last quarter. 89.67% of the stock is owned by institutional investors and hedge funds.

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.