Wayfair Inc. (NYSE:W) Director Anke Schaferkordt Sells 397 Shares

Wayfair Inc. (NYSE:W) Director Anke Schaferkordt sold 397 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $40.92, for a total transaction of $16,245.24. Following the transaction, the director now directly owns 12,434 shares in the company, valued at approximately $508,799.28. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Wayfair Stock Down 1.6 %

Shares of Wayfair stock opened at $39.78 on Friday. Wayfair Inc. has a 52-week low of $37.60 and a 52-week high of $76.18. The company has a 50-day simple moving average of $48.57 and a two-hundred day simple moving average of $52.03.

Wayfair (NYSE:W) last issued its earnings results on Friday, November 1st. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.09. The firm had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.87 billion. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period last year, the firm posted ($1.38) earnings per share. As a group, analysts anticipate that Wayfair Inc. will post -2.68 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $60.00 target price on shares of Wayfair in a report on Friday, November 1st. Stifel Nicolaus reduced their target price on shares of Wayfair from $55.00 to $47.00 and set a “hold” rating on the stock in a report on Monday. Mizuho reduced their target price on shares of Wayfair from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Monday. Deutsche Bank Aktiengesellschaft cut their price target on shares of Wayfair from $69.00 to $46.00 and set a “buy” rating on the stock in a report on Monday. Finally, Gordon Haskett lowered shares of Wayfair from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $60.28.

Institutional Trading of Wayfair

A number of large investors have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. grew its position in Wayfair by 250.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 167,170 shares of the company’s stock valued at $11,347,000 after buying an additional 119,415 shares during the period. Daiwa Securities Group Inc. grew its position in Wayfair by 118.1% during the first quarter. Daiwa Securities Group Inc. now owns 16,822 shares of the company’s stock valued at $1,141,000 after buying an additional 9,108 shares during the period. BI Asset Management Fondsmaeglerselskab A S grew its position in Wayfair by 39.1% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,676 shares of the company’s stock valued at $114,000 after buying an additional 471 shares during the period. Signaturefd LLC grew its position in Wayfair by 1.3% during the first quarter. Signaturefd LLC now owns 206,489 shares of the company’s stock valued at $14,016,000 after buying an additional 2,714 shares during the period. Finally, ORG Partners LLC bought a new stake in Wayfair during the first quarter valued at approximately $37,000. 89.67% of the stock is currently owned by institutional investors.

About Wayfair

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.