Wayfair Inc. (NYSE:W - Get Free Report) CTO Fiona Tan sold 3,214 shares of the business's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $49.00, for a total transaction of $157,486.00. Following the completion of the sale, the chief technology officer now directly owns 70,891 shares of the company's stock, valued at approximately $3,473,659. The trade was a 4.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.
Fiona Tan also recently made the following trade(s):
- On Monday, June 16th, Fiona Tan sold 3,133 shares of Wayfair stock. The stock was sold at an average price of $47.39, for a total transaction of $148,472.87.
- On Wednesday, April 2nd, Fiona Tan sold 23,835 shares of Wayfair stock. The stock was sold at an average price of $31.92, for a total transaction of $760,813.20.
Wayfair Price Performance
Shares of W stock traded up $0.87 on Wednesday, reaching $49.16. 3,138,845 shares of the company were exchanged, compared to its average volume of 4,787,011. The company has a 50-day moving average of $36.15 and a 200-day moving average of $40.11. The company has a market cap of $6.31 billion, a price-to-earnings ratio of -17.25 and a beta of 2.94. Wayfair Inc. has a one year low of $20.41 and a one year high of $58.42.
Wayfair (NYSE:W - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.10 earnings per share for the quarter, topping analysts' consensus estimates of ($0.14) by $0.24. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.71 billion. The firm's quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the company posted ($0.32) earnings per share. As a group, sell-side analysts predict that Wayfair Inc. will post -2.54 EPS for the current year.
Institutional Investors Weigh In On Wayfair
Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Wayfair by 3.6% during the 4th quarter. Vanguard Group Inc. now owns 9,315,337 shares of the company's stock worth $412,856,000 after purchasing an additional 327,603 shares in the last quarter. Sterling Capital Management LLC boosted its position in shares of Wayfair by 60.1% during the fourth quarter. Sterling Capital Management LLC now owns 5,636 shares of the company's stock valued at $250,000 after buying an additional 2,116 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Wayfair by 3.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,009,312 shares of the company's stock worth $44,733,000 after buying an additional 35,057 shares in the last quarter. LPL Financial LLC grew its holdings in Wayfair by 218.2% during the fourth quarter. LPL Financial LLC now owns 38,486 shares of the company's stock worth $1,706,000 after buying an additional 26,390 shares in the last quarter. Finally, Norges Bank purchased a new stake in Wayfair in the 4th quarter valued at $31,472,000. Institutional investors own 89.67% of the company's stock.
Wall Street Analyst Weigh In
W has been the topic of a number of analyst reports. Canaccord Genuity Group decreased their target price on shares of Wayfair from $68.00 to $58.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. TD Cowen upgraded Wayfair from a "hold" rating to a "strong-buy" rating in a research note on Thursday, June 5th. Truist Financial set a $40.00 price objective on Wayfair in a research note on Friday, May 2nd. Royal Bank Of Canada reiterated a "sector perform" rating and set a $25.00 target price on shares of Wayfair in a research report on Friday, April 25th. Finally, Zelman & Associates assumed coverage on Wayfair in a report on Thursday, May 15th. They set an "outperform" rating on the stock. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $43.96.
Check Out Our Latest Report on W
Wayfair Company Profile
(
Get Free Report)
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.
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