Fiona Tan Sells 3,214 Shares of Wayfair Inc. (NYSE:W) Stock

Wayfair Inc. (NYSE:W - Get Free Report) CTO Fiona Tan sold 3,214 shares of the stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $49.00, for a total value 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 $3,473,659. The trade was a 4.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 shares were sold at an average price of $47.39, for a total value of $148,472.87.
• On Wednesday, April 2nd, Fiona Tan sold 23,835 shares of Wayfair stock. The shares were sold at an average price of $31.92, for a total value of $760,813.20.

Wayfair Trading Up 1.0%

Shares of W traded up $0.48 during mid-day trading on Friday, reaching $49.59. The company's stock had a trading volume of 4,839,547 shares, compared to its average volume of 4,793,431. The stock has a market cap of $6.36 billion, a PE ratio of -17.40 and a beta of 2.94. Wayfair Inc. has a 52 week low of $20.41 and a 52 week high of $58.42. The company's fifty day moving average price is $37.45 and its two-hundred day moving average price is $40.12.

Wayfair (NYSE:W - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.71 billion. The company's revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.32) earnings per share. Research analysts anticipate that Wayfair Inc. will post -2.54 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. The Goldman Sachs Group cut their price target on Wayfair from $50.00 to $31.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Truist Financial set a $40.00 price target on Wayfair in a research note on Friday, May 2nd. Royal Bank Of Canada reiterated a "sector perform" rating and set a $25.00 price target on shares of Wayfair in a research note on Friday, April 25th. UBS Group cut their price target on Wayfair from $60.00 to $55.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, JPMorgan Chase & Co. cut their price target on Wayfair from $63.00 to $50.00 and set an "overweight" rating for the company in a research note on Monday, March 10th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $43.96.

Institutional Investors Weigh In On Wayfair

Hedge funds have recently made changes to their positions in the business. True Wealth Design LLC increased its stake in shares of Wayfair by 207.1% in the fourth quarter. True Wealth Design LLC now owns 565 shares of the company's stock worth $25,000 after buying an additional 381 shares during the period. J.Safra Asset Management Corp increased its position in Wayfair by 71.3% during the 4th quarter. J.Safra Asset Management Corp now owns 586 shares of the company's stock valued at $26,000 after purchasing an additional 244 shares during the period. Jones Financial Companies Lllp increased its position in Wayfair by 577.0% during the 4th quarter. Jones Financial Companies Lllp now owns 589 shares of the company's stock valued at $26,000 after purchasing an additional 502 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in Wayfair during the 4th quarter valued at $41,000. Finally, Venturi Wealth Management LLC purchased a new position in Wayfair during the 4th quarter valued at $45,000. 89.67% of the stock is currently owned by institutional investors.

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.