Wayfair Inc. (NYSE:W - Get Free Report) insider Jon Blotner sold 4,144 shares of the firm's stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $60.52, for a total value of $250,794.88. Following the transaction, the insider now owns 37,957 shares in the company, valued at $2,297,157.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
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 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 Trading Down 1.1 %
NYSE W opened at $54.74 on Thursday. The stock's 50 day moving average is $59.35 and its two-hundred day moving average is $55.18. The company has a market capitalization of $6.59 billion, a price-to-earnings ratio of -8.40 and a beta of 3.29. Wayfair Inc. has a 1-year low of $29.51 and a 1-year high of $90.71.
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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 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. On average, analysts predict that Wayfair Inc. will post -3.37 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Federated Hermes Inc. acquired a new position in shares of Wayfair in the 3rd quarter worth approximately $1,147,000. Allspring Global Investments Holdings LLC raised its position in Wayfair by 31.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 398,795 shares of the company's stock worth $24,606,000 after purchasing an additional 94,540 shares during the last quarter. Vanguard Group Inc. raised its position in Wayfair by 5.2% in 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 raised its position in Wayfair by 3,978.9% in 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. Finally, Charles Schwab Investment Management Inc. raised its position in Wayfair by 88.1% in 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. 89.67% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on W shares. StockNews.com upgraded Wayfair from a "sell" rating to a "hold" rating in a report on Friday, March 29th. Stifel Nicolaus lifted their price objective on Wayfair from $52.00 to $55.00 and gave the stock a "hold" rating in a research note on Tuesday, January 9th. Evercore ISI upgraded Wayfair from an "in-line" rating to an "outperform" rating and lifted their price objective for the stock from $65.00 to $80.00 in a research note on Thursday, April 4th. Piper Sandler reiterated an "overweight" rating and issued a $88.00 price objective (down from $93.00) on shares of Wayfair in a research note on Friday, February 23rd. Finally, Canaccord Genuity Group reiterated a "buy" rating and issued a $80.00 price objective on shares of Wayfair in a research note on Friday, February 23rd. 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. Based on data from MarketBeat.com, Wayfair has a consensus rating of "Moderate Buy" and an average target price of $77.03.
View Our Latest Stock Report on Wayfair
Wayfair Company Profile
(
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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