Wayfair Inc. (NYSE:W) COO Sells $336,152.50 in Stock

Wayfair Inc. (NYSE:W) COO Thomas Netzer sold 6,625 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $50.74, for a total value of $336,152.50. Following the transaction, the chief operating officer now owns 157,239 shares in the company, valued at approximately $7,978,306.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Thomas Netzer also recently made the following trade(s):

• On Thursday, April 4th, Thomas Netzer sold 4,255 shares of Wayfair stock. The shares were sold at an average price of $65.02, for a total value of $276,660.10.

Wayfair Price Performance

W traded down $0.10 during trading on Wednesday, reaching $51.44. 1,593,117 shares of the stock were exchanged, compared to its average volume of 4,248,094. The business’s 50 day moving average price is $58.69 and its two-hundred day moving average price is $58.37. The company has a market capitalization of $6.19 billion, a price-to-earnings ratio of -9.60 and a beta of 3.43. Wayfair Inc. has a 1 year low of $38.37 and a 1 year high of $90.71.

Wayfair (NYSE:W) last posted its earnings results on Thursday, May 2nd. The company reported ($1.38) EPS for the quarter, topping analysts’ consensus estimates of ($1.49) by $0.11. The firm had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.64 billion. On average, analysts anticipate that Wayfair Inc. will post -2.94 EPS for the current year.

Institutional Trading of Wayfair

A number of institutional investors have recently bought and sold shares of W. Northern Trust Corp increased its stake in 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 acquiring an additional 23,022 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Wayfair by 422.6% in the third quarter. AQR Capital Management LLC now owns 511,454 shares of the company’s stock worth $30,979,000 after buying an additional 413,592 shares during the period. Adage Capital Partners GP L.L.C. boosted its holdings in Wayfair by 100.0% in the third quarter. Adage Capital Partners GP L.L.C. now owns 50,000 shares of the company’s stock valued at $3,028,000 after purchasing an additional 25,000 shares during the last quarter. Lido Advisors LLC lifted its holdings in Wayfair by 6.1% during the 3rd quarter. Lido Advisors LLC now owns 157,488 shares of the company’s stock worth $9,539,000 after buying an additional 9,018 shares during the last quarter. Finally, WealthPlan Investment Management LLC lifted its holdings in Wayfair by 690.0% during the 3rd quarter. WealthPlan Investment Management LLC now owns 4,961 shares of the company’s stock worth $300,000 after buying an additional 4,333 shares during the last quarter. 89.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. TD Cowen boosted their target price on shares of Wayfair from $55.00 to $58.00 and gave the stock a “hold” rating in a report on Friday, May 3rd. Needham & Company LLC restated a “buy” rating and set a $75.00 price objective on shares of Wayfair in a report on Thursday, May 16th. Evercore ISI upgraded shares of Wayfair from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $65.00 to $80.00 in a report on Thursday, April 4th. Piper Sandler restated an “overweight” rating and set a $91.00 price objective (up previously from $88.00) on shares of Wayfair in a report on Friday, May 3rd. Finally, Citigroup upped their target price on Wayfair from $73.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.