Wayfair Inc. (NYSE:W) Insider Sells 3,492 Shares

Wayfair Inc. (NYSE:WGet Free Report) insider Jon Blotner sold 3,492 shares of the business’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $50.34, for a total transaction of $175,787.28. Following the completion of the sale, the insider now directly owns 32,118 shares of the company’s stock, valued at $1,616,820.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Wednesday, January 3rd, Jon Blotner sold 5,186 shares of Wayfair stock. The shares were sold at an average price of $55.23, for a total value of $286,422.78.

Wayfair Stock Performance

W stock opened at $49.72 on Thursday. Wayfair Inc. has a 1-year low of $29.51 and a 1-year high of $90.71. The business has a fifty day moving average price of $57.13 and a 200-day moving average price of $58.97.

Analysts Set New Price Targets

Several brokerages have weighed in on W. Loop Capital upgraded Wayfair from a “sell” rating to a “hold” rating and lowered their price objective for the company from $60.00 to $50.00 in a research report on Monday, October 16th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Wayfair in a research report on Thursday, November 16th. They set a “buy” rating and a $55.00 price target for the company. Stifel Nicolaus boosted their price objective on shares of Wayfair from $52.00 to $55.00 and gave the company a “hold” rating in a research report on Tuesday, January 9th. Piper Sandler dropped their target price on shares of Wayfair from $114.00 to $73.00 and set an “overweight” rating for the company in a report on Thursday, November 2nd. Finally, Needham & Company LLC reduced their price target on Wayfair from $100.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $74.38.

Get Our Latest Stock Analysis on W

Hedge Funds Weigh In On Wayfair

A number of hedge funds have recently bought and sold shares of the business. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Wayfair in the fourth quarter worth $29,000. Acadian Asset Management LLC purchased a new position in Wayfair in the second quarter worth about $31,000. GAMMA Investing LLC bought a new stake in shares of Wayfair during the 4th quarter valued at about $31,000. BluePath Capital Management LLC purchased a new stake in shares of Wayfair during the 3rd quarter valued at about $34,000. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of Wayfair in the 3rd quarter worth approximately $34,000. Hedge funds and other institutional investors own 89.67% of the company’s stock.

Wayfair Company Profile

(Get Free Report)

Wayfair Inc engages in the e-commerce business in the United States and internationally. The company provides approximately fourty million products for the home sector under various brands. It offers online selections of furniture, décor, housewares, and home improvement products through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, Perigold, and Wayfair Professional.

Further Reading

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

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