Wayfair Inc. (NYSE:W - Get Free Report) insider Jon Blotner sold 3,022 shares of the firm's stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $64.94, for a total value of $196,248.68. Following the completion of the sale, the insider now owns 42,101 shares of the company's stock, valued at $2,734,038.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Jon Blotner also recently made the following trade(s):
- On Tuesday, April 2nd, Jon Blotner sold 3,282 shares of Wayfair stock. The shares were 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 Price Performance
NYSE:W opened at $63.24 on Friday. Wayfair Inc. has a fifty-two week low of $29.51 and a fifty-two week high of $90.71. The stock has a market capitalization of $7.61 billion, a PE ratio of -9.70 and a beta of 3.29. The business's 50-day simple moving average is $57.88 and its 200-day simple moving average is $55.21.
4 Cryptos BETTER than Bitcoin
From True Market Insiders | Ad
Former Wall Street Insider and Professional Money Manager Reveals 4 Cryptos BETTER Than Bitcoin
Click For My #1 FREE Crypto for 2024
Wayfair (NYSE:W - Get Free Report) last released its quarterly earnings data on Thursday, February 22nd. The company reported ($1.46) earnings per share for the quarter, beating the consensus estimate of ($1.54) by $0.08. The business had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.10 billion. On average, research analysts expect that Wayfair Inc. will post -3.39 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on W. Raymond James upgraded Wayfair from a "market perform" rating to a "strong-buy" rating and set a $65.00 target price for the company in a research note on Friday, February 16th. StockNews.com upgraded Wayfair from a "sell" rating to a "hold" rating in a research note on Friday, March 29th. Stifel Nicolaus raised their target price on Wayfair from $52.00 to $55.00 and gave the company a "hold" rating in a research note on Tuesday, January 9th. Canaccord Genuity Group reiterated a "buy" rating and issued a $80.00 price target on shares of Wayfair in a report on Friday, February 23rd. Finally, Citigroup raised their price target on Wayfair from $73.00 to $85.00 and gave the company a "buy" rating in a report on Thursday, March 28th. Ten research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $76.21.
Check Out Our Latest Stock Report on W
Hedge Funds Weigh In On Wayfair
Several institutional investors have recently modified their holdings of W. Federated Hermes Inc. acquired a new stake in Wayfair in the 3rd quarter valued at approximately $1,147,000. Vanguard Group Inc. increased its position in shares of Wayfair by 5.2% during the 3rd quarter. Vanguard Group Inc. now owns 7,830,300 shares of the company's stock worth $474,281,000 after purchasing an additional 386,717 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of Wayfair by 3,978.9% during the 3rd quarter. Canada Pension Plan Investment Board now owns 367,100 shares of the company's stock worth $22,235,000 after purchasing an additional 358,100 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Wayfair by 88.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 634,611 shares of the company's stock worth $38,438,000 after purchasing an additional 297,235 shares during the last quarter. Finally, Jump Financial LLC increased its position in shares of Wayfair by 50.1% during the 3rd quarter. Jump Financial LLC now owns 29,187 shares of the company's stock worth $1,768,000 after purchasing an additional 9,744 shares during the last quarter. Institutional investors 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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
