Wayfair (NYSE:W) CFO Sells $3,886,930.50 in Stock

Wayfair Inc. (NYSE:W) CFO Kate Gulliver sold 36,497 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $106.50, for a total transaction of $3,886,930.50. Following the transaction, the chief financial officer directly owned 149,238 shares in the company, valued at approximately $15,893,847. This trade represents a 19.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• On Tuesday, November 4th, Kate Gulliver sold 9,612 shares of Wayfair stock. The stock was sold at an average price of $102.20, for a total value of $982,346.40.

Wayfair Stock Up 0.4%

W opened at $110.00 on Thursday. The stock’s fifty day moving average is $102.50 and its two-hundred day moving average is $84.08. The company has a market capitalization of $14.34 billion, a P/E ratio of -42.97 and a beta of 3.31. Wayfair Inc. has a 52 week low of $20.41 and a 52 week high of $115.80.

Wayfair (NYSE:W) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.26. The firm had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.01 billion. Wayfair’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.22 EPS. Equities analysts anticipate that Wayfair Inc. will post -2.54 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. UBS Group increased their price objective on shares of Wayfair from $102.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Truist Financial increased their target price on Wayfair from $95.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, October 28th. BMO Capital Markets set a $110.00 price target on Wayfair and gave the company a “market perform” rating in a report on Wednesday, October 29th. Jefferies Financial Group cut Wayfair from a “buy” rating to a “hold” rating and set a $94.00 price objective for the company. in a research note on Wednesday, December 3rd. Finally, Evercore ISI boosted their target price on Wayfair from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Wayfair currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.29.

Hedge Funds Weigh In On Wayfair

Several hedge funds and other institutional investors have recently made changes to their positions in W. Arrowstreet Capital Limited Partnership grew its stake in Wayfair by 826.0% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,817,056 shares of the company’s stock worth $251,648,000 after buying an additional 2,512,854 shares during the last quarter. Voloridge Investment Management LLC acquired a new position in Wayfair in the 3rd quarter valued at $108,125,000. AQR Capital Management LLC boosted its holdings in shares of Wayfair by 197.3% in the second quarter. AQR Capital Management LLC now owns 1,557,937 shares of the company’s stock valued at $79,673,000 after acquiring an additional 1,033,865 shares in the last quarter. Holocene Advisors LP boosted its holdings in shares of Wayfair by 351.9% in the second quarter. Holocene Advisors LP now owns 1,294,057 shares of the company’s stock valued at $66,178,000 after acquiring an additional 1,007,676 shares in the last quarter. Finally, Spruce House Investment Management LLC increased its stake in shares of Wayfair by 37.6% during the second quarter. Spruce House Investment Management LLC now owns 3,000,000 shares of the company’s stock worth $153,420,000 after acquiring an additional 819,615 shares during the period. Hedge funds and other institutional investors own 89.67% of the company’s stock.

About Wayfair

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.