Wayfair Inc. (NYSE:W - Get Free Report) insider Jon Blotner sold 3,282 shares of the stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $63.10, for a total transaction of $207,094.20. Following the transaction, the insider now directly owns 48,322 shares in the company, valued at approximately $3,049,118.20. 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 Monday, February 5th, Jon Blotner sold 3,492 shares of Wayfair stock. The stock was sold at an average price of $50.34, for a total transaction of $175,787.28.
Wayfair Price Performance
NYSE W opened at $62.41 on Thursday. Wayfair Inc. has a 12 month low of $29.51 and a 12 month high of $90.71. The firm has a market capitalization of $7.51 billion, a PE ratio of -9.57 and a beta of 3.29. The company's 50 day simple moving average is $57.58 and its 200 day simple moving average is $55.16.
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Wayfair (NYSE:W - Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The company reported ($1.46) EPS for the quarter, beating analysts' consensus estimates of ($1.54) by $0.08. The company had revenue of $3.11 billion for the quarter, compared to analyst estimates of $3.10 billion. Sell-side analysts anticipate that Wayfair Inc. will post -3.39 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several brokerages have recently commented on W. Truist Financial reduced their price target on shares of Wayfair from $65.00 to $63.00 and set a "buy" rating on the stock in a research report on Friday, February 23rd. Morgan Stanley reaffirmed an "overweight" rating and set a $80.00 price target on shares of Wayfair in a research report on Monday, March 25th. Stifel Nicolaus increased their price target on shares of Wayfair from $52.00 to $55.00 and gave the stock a "hold" rating in a research report on Tuesday, January 9th. Barclays reduced their price target on shares of Wayfair from $85.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 4th. Finally, Piper Sandler reiterated an "overweight" rating and set a $88.00 price objective (down previously from $93.00) on shares of Wayfair in a research note on Friday, February 23rd. Eleven research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Wayfair has a consensus rating of "Moderate Buy" and a consensus target price of $75.52.
Get Our Latest Stock Analysis on W
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. M3 Advisory Group LLC acquired a new position in shares of Wayfair during the fourth quarter valued at approximately $339,000. Vanguard Group Inc. boosted its holdings in Wayfair by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 8,103,952 shares of the company's stock worth $500,014,000 after buying an additional 273,652 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Wayfair by 18.6% during the fourth quarter. Wellington Management Group LLP now owns 764,495 shares of the company's stock worth $47,169,000 after buying an additional 119,873 shares in the last quarter. Quarry LP bought a new stake in Wayfair during the fourth quarter worth approximately $28,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in Wayfair during the fourth quarter worth approximately $213,000. Institutional investors and hedge funds own 89.67% of the company's stock.
About Wayfair
(
Get Free Report)
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.
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