Wayfair (NYSE:W) Stock: Insider Jon Blotner Sells 500 Shares

Wayfair Inc. (NYSE:W) insider Jon Blotner sold 500 shares of Wayfair stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $120.00, for a total transaction of $60,000.00. Following the completion of the transaction, the insider owned 115,385 shares of the company’s stock, valued at $13,846,200. The trade was a 0.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jon Blotner also recently made the following trade(s):

• On Thursday, October 15th, Jon Blotner sold 546 shares of Wayfair stock. The shares were sold at an average price of $110.00, for a total transaction of $60,060.00.
• On Friday, October 2nd, Jon Blotner sold 6,056 shares of Wayfair stock. The shares were sold at an average price of $104.13, for a total transaction of $630,611.28.
• On Tuesday, September 8th, Jon Blotner sold 6,968 shares of Wayfair stock. The shares were sold at an average price of $100.22, for a total transaction of $698,332.96.

Wayfair Stock Down 2.5%

W traded down $2.91 on Monday, hitting $113.00. The company’s stock had a trading volume of 3,010,722 shares, compared to its average volume of 3,377,351. The company’s 50 day simple moving average is $104.78 and its 200-day simple moving average is $89.19. The firm has a market cap of $14.92 billion, a P/E ratio of -45.93, a price-to-earnings-growth ratio of 4.17 and a beta of 3.02. Wayfair Inc. has a 12 month low of $55.60 and a 12 month high of $122.13.

Wayfair (NYSE:W) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. The business had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.47 billion. Wayfair had a negative net margin of 2.49% and a negative return on equity of 3.40%. Wayfair’s revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.87 EPS. Equities analysts predict that Wayfair Inc. will post 0.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on W shares. Royal Bank Of Canada boosted their price objective on Wayfair from $92.00 to $96.00 and gave the company a “sector perform” rating in a research note on Friday, October 23rd. UBS Group raised their target price on Wayfair from $118.00 to $156.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $120.00 target price on shares of Wayfair in a report on Wednesday, August 5th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Wayfair in a report on Tuesday, September 1st. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $108.00 price target on shares of Wayfair in a research report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $122.21.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of W. QTR Family Wealth LLC purchased a new stake in shares of Wayfair in the third quarter worth $268,000. Capstone Wealth Management LLC purchased a new position in Wayfair during the third quarter worth about $212,000. Northeast Investment Management purchased a new position in Wayfair during the third quarter worth about $1,939,000. Chicago Partners Investment Group LLC increased its stake in Wayfair by 69.3% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 19,758 shares of the company’s stock worth $2,223,000 after acquiring an additional 8,091 shares during the last quarter. Finally, Provenance Wealth Advisors LLC bought a new position in Wayfair in the 3rd quarter worth about $53,000. 89.67% of the stock is owned by institutional investors.

About Wayfair

Wayfair Inc is an e-commerce company that sells furniture, home furnishings and related products through digital platforms. Its selection includes furniture, décor, lighting, rugs, mattresses, kitchen and dining products, housewares, home improvement items, outdoor furnishings and other goods for residential and commercial spaces.

The company operates a portfolio of online brands and retail websites, including Wayfair, Joss & Main, AllModern, Birch Lane and Perigold. These brands are designed to serve different customer preferences, price points and areas of the home-furnishings market.