Insider Selling: Wayfair Inc (W) Major Shareholder Sells 5,440 Shares of Stock

Wayfair Inc (NYSE:W) major shareholder Great Hill Equity Partners Iv sold 5,440 shares of Wayfair stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $63.15, for a total value of $343,536.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Great Hill Equity Partners Iv also recently made the following trade(s):

  • On Monday, May 22nd, Great Hill Equity Partners Iv sold 2,720 shares of Wayfair stock. The shares were sold at an average price of $63.00, for a total value of $171,360.00.

Shares of Wayfair Inc (NYSE:W) traded up 1.63% on Wednesday, hitting $64.75. The company’s stock had a trading volume of 1,327,701 shares. The stock’s 50 day moving average price is $51.26 and its 200 day moving average price is $41.60. The stock’s market capitalization is $5.61 billion. Wayfair Inc has a 52 week low of $27.60 and a 52 week high of $65.80.

Wayfair (NYSE:W) last posted its earnings results on Tuesday, May 9th. The company reported ($0.48) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.80) by $0.32. The firm had revenue of $960.80 million for the quarter, compared to the consensus estimate of $934.84 million. Wayfair had a negative net margin of 5.29% and a negative return on equity of 91.94%. The business’s quarterly revenue was up 28.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.36) earnings per share. On average, analysts forecast that Wayfair Inc will post ($1.60) earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Wayfair (NYSE:W)

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W has been the subject of a number of research reports. Cowen and Company reissued an “outperform” rating and set a $44.00 price target (up previously from $39.00) on shares of Wayfair in a research report on Wednesday, February 22nd. Bank of America Corp raised Wayfair from a “neutral” rating to a “buy” rating and boosted their price target for the company from $44.00 to $75.00 in a research report on Tuesday, May 9th. Zacks Investment Research raised Wayfair from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research report on Thursday, April 27th. Buckingham Research boosted their price target on Wayfair from $47.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, May 3rd. Finally, Goldman Sachs Group Inc boosted their price target on Wayfair from $37.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, May 10th. Eleven analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $53.95.

Institutional investors have recently bought and sold shares of the company. FMR LLC increased its position in Wayfair by 2.6% in the fourth quarter. FMR LLC now owns 7,417,041 shares of the company’s stock valued at $259,967,000 after buying an additional 188,905 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Wayfair by 17.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 23,314 shares of the company’s stock valued at $817,000 after buying an additional 3,494 shares during the last quarter. State Street Corp increased its position in Wayfair by 1.6% in the fourth quarter. State Street Corp now owns 683,104 shares of the company’s stock valued at $23,948,000 after buying an additional 10,938 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in Wayfair by 1.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 14,060 shares of the company’s stock valued at $493,000 after buying an additional 140 shares during the last quarter. Finally, Pier 88 Investment Partners LLC acquired a new position in Wayfair during the fourth quarter valued at approximately $911,000. 70.53% of the stock is currently owned by hedge funds and other institutional investors.

Wayfair Company Profile

Wayfair Inc (Wayfair) offers browsing, merchandising and product discovery for a range of products from various suppliers. The Company operates through two segments: U.S. and International. The U.S. segment consists of amounts earned through product sales through the Company’s five sites in the United States and through sites operated by third parties in the United States.

12 Month Chart for NYSE:W

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