Insider Selling: Wayfair Inc. (NYSE:W) Director Sells 475 Shares of Stock

Wayfair Inc. (NYSE:W) Director Anke Schaferkordt sold 475 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $46.42, for a total value of $22,049.50. Following the completion of the sale, the director now directly owns 13,554 shares in the company, valued at $629,176.68. This trade represents a 3.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Wayfair Price Performance

Shares of W opened at $43.93 on Friday. The business’s 50 day simple moving average is $47.37 and its 200-day simple moving average is $46.84. Wayfair Inc. has a one year low of $37.35 and a one year high of $76.18.

Institutional Trading of Wayfair

Several large investors have recently made changes to their positions in the business. J.Safra Asset Management Corp lifted its holdings in Wayfair by 71.3% during the 4th quarter. J.Safra Asset Management Corp now owns 586 shares of the company’s stock worth $26,000 after buying an additional 244 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of Wayfair by 577.0% during the fourth quarter. Jones Financial Companies Lllp now owns 589 shares of the company’s stock worth $26,000 after acquiring an additional 502 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Wayfair during the third quarter valued at $29,000. GAMMA Investing LLC lifted its stake in shares of Wayfair by 65.5% during the fourth quarter. GAMMA Investing LLC now owns 710 shares of the company’s stock valued at $31,000 after acquiring an additional 281 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Wayfair in the 3rd quarter valued at about $44,000. Institutional investors own 89.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Wedbush lowered shares of Wayfair from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $45.00 to $44.00 in a research report on Monday, January 6th. UBS Group dropped their price objective on shares of Wayfair from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. Piper Sandler reduced their target price on shares of Wayfair from $67.00 to $63.00 and set an “overweight” rating for the company in a research note on Monday, October 28th. Citigroup decreased their target price on Wayfair from $70.00 to $54.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Finally, StockNews.com raised Wayfair from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Fourteen analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Wayfair currently has an average rating of “Moderate Buy” and a consensus price target of $60.24.

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.