Kate Gulliver Sells 5,825 Shares of Wayfair Inc. (NYSE:W) Stock

Wayfair Inc. (NYSE:W) CFO Kate Gulliver sold 5,825 shares of the business’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $50.82, for a total transaction of $296,026.50. Following the completion of the sale, the chief financial officer now directly owns 100,933 shares of the company’s stock, valued at approximately $5,129,415.06. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Thursday, April 4th, Kate Gulliver sold 3,395 shares of Wayfair stock. The stock was sold at an average price of $65.04, for a total transaction of $220,810.80.

Wayfair Price Performance

Shares of NYSE:W opened at $51.49 on Friday. The firm has a market capitalization of $6.20 billion, a PE ratio of -9.61 and a beta of 3.43. The firm’s 50-day moving average is $58.67 and its two-hundred day moving average is $58.28. Wayfair Inc. has a 1 year low of $38.37 and a 1 year high of $90.71.

Wayfair (NYSE:W) last issued its quarterly earnings results on Thursday, May 2nd. The company reported ($1.38) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.49) by $0.11. The business had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.64 billion. Analysts expect that Wayfair Inc. will post -2.94 EPS for the current fiscal year.

Institutional Trading of Wayfair

Large investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its stake in shares of Wayfair by 31.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 398,795 shares of the company’s stock worth $24,606,000 after buying an additional 94,540 shares during the period. Vanguard Group Inc. increased its stake in shares of Wayfair by 5.2% during the third quarter. Vanguard Group Inc. now owns 7,830,300 shares of the company’s stock worth $474,281,000 after buying an additional 386,717 shares during the period. International Assets Investment Management LLC increased its stake in shares of Wayfair by 8,977.8% during the fourth quarter. International Assets Investment Management LLC now owns 67,993 shares of the company’s stock worth $4,195,000 after buying an additional 67,244 shares during the period. Honeycomb Asset Management LP purchased a new stake in shares of Wayfair during the fourth quarter worth approximately $6,170,000. Finally, Northern Trust Corp increased its stake in shares of Wayfair by 6.5% during the third quarter. Northern Trust Corp now owns 375,336 shares of the company’s stock worth $22,734,000 after buying an additional 23,022 shares during the period. 89.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on W shares. Royal Bank of Canada upped their target price on shares of Wayfair from $61.00 to $65.00 and gave the stock a “sector perform” rating in a report on Monday, May 6th. Citigroup upped their target price on shares of Wayfair from $73.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Wayfair from $63.00 to $79.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Sanford C. Bernstein upped their target price on shares of Wayfair from $50.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday, May 3rd. Finally, Evercore ISI raised shares of Wayfair from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $65.00 to $80.00 in a report on Thursday, April 4th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $78.50.

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.