Wayfair Inc. (NYSE:W) CFO Kate Gulliver Sells 19,296 Shares

Wayfair Inc. (NYSE:W) CFO Kate Gulliver sold 19,296 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $31.67, for a total transaction of $611,104.32. Following the completion of the transaction, the chief financial officer now directly owns 144,474 shares of the company’s stock, valued at approximately $4,575,491.58. This trade represents a 11.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Monday, January 6th, Kate Gulliver sold 5,754 shares of Wayfair stock. The stock was sold at an average price of $47.06, for a total value of $270,783.24.
• On Friday, January 3rd, Kate Gulliver sold 5,974 shares of Wayfair stock. The stock was sold at an average price of $44.95, for a total value of $268,531.30.

Wayfair Stock Performance

NYSE W opened at $25.05 on Friday. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of -6.23 and a beta of 3.72. Wayfair Inc. has a one year low of $23.61 and a one year high of $76.18. The company’s 50 day moving average price is $39.95 and its 200 day moving average price is $44.87.

Wayfair (NYSE:W) last posted its earnings results on Thursday, February 20th. The company reported ($0.96) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($1.01). The company had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.07 billion. Sell-side analysts forecast that Wayfair Inc. will post -2.54 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on W shares. Loop Capital cut their price target on Wayfair from $55.00 to $45.00 and set a “hold” rating for the company in a research note on Friday, February 21st. StockNews.com upgraded shares of Wayfair from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. Guggenheim reaffirmed a “buy” rating and issued a $60.00 target price on shares of Wayfair in a research note on Monday, March 10th. Royal Bank of Canada lowered their target price on Wayfair from $50.00 to $43.00 and set a “sector perform” rating on the stock in a report on Monday, February 24th. Finally, Canaccord Genuity Group cut their price target on Wayfair from $76.00 to $68.00 and set a “buy” rating for the company in a report on Friday, February 21st. Fourteen research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.81.

Institutional Investors Weigh In On Wayfair

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Wayfair by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 9,315,337 shares of the company’s stock valued at $412,856,000 after acquiring an additional 327,603 shares in the last quarter. Tabor Asset Management LP boosted its stake in shares of Wayfair by 11.3% during the 3rd quarter. Tabor Asset Management LP now owns 156,871 shares of the company’s stock valued at $8,813,000 after buying an additional 15,932 shares during the last quarter. Groupama Asset Managment grew its position in shares of Wayfair by 100.0% during the third quarter. Groupama Asset Managment now owns 1,000,000 shares of the company’s stock worth $56,180,000 after buying an additional 500,000 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in Wayfair in the fourth quarter valued at $6,799,000. Finally, Wellington Management Group LLP grew its holdings in Wayfair by 22.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,097,822 shares of the company’s stock worth $61,676,000 after acquiring an additional 201,157 shares in the last quarter. 89.67% of the stock is currently owned by hedge funds and other institutional investors.

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.