Wayfair (NYSE:W) CTO Sells $920,000.00 in Stock

Key Points

• Wayfair CTO Fiona Tan sold 8,000 shares at an average price of $115, generating $920,000. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced her holdings by 3.91% to 196,698 shares.
• Wayfair shares recently traded at $113.59, near their 12-month high of $119.98, with the stock up 0.3% during the session. The company reported quarterly revenue of $3.52 billion and earnings of $0.95 per share, exceeding analyst expectations.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $121, while institutional investors own approximately 89.67% of Wayfair’s outstanding shares.

Wayfair Inc. (NYSE:W - Get Free Report) CTO Fiona Tan sold 8,000 shares of the stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $115.00, for a total value of $920,000.00. Following the transaction, the chief technology officer owned 196,698 shares in the company, valued at $22,620,270. This trade represents a 3.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Fiona Tan also recently made the following trade(s):

• On Thursday, October 1st, Fiona Tan sold 7,000 shares of Wayfair stock. The stock was sold at an average price of $102.18, for a total transaction of $715,260.00.

Wayfair Trading Up 0.3%

NYSE:W traded up $0.28 during trading hours on Thursday, reaching $113.59. 1,741,242 shares of the company were exchanged, compared to its average volume of 3,421,795. The stock's 50-day moving average is $103.08 and its 200-day moving average is $88.52. The firm has a market cap of $14.99 billion, a PE ratio of -46.18, a price-to-earnings-growth ratio of 4.08 and a beta of 3.02. Wayfair Inc. has a twelve month low of $55.60 and a twelve month high of $119.98.

Wayfair (NYSE:W - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.05. Wayfair had a negative net margin of 2.49% and a negative return on equity of 3.40%. The business had revenue of $3.52 billion during the quarter, compared to analysts' expectations of $3.47 billion. During the same quarter in the previous year, the company earned $0.87 earnings per share. The company's quarterly revenue was up 7.5% on a year-over-year basis. As a group, research analysts anticipate that Wayfair Inc. will post 0.93 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Needham & Company LLC lifted their price target on Wayfair from $83.00 to $133.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. Wedbush boosted their price target on Wayfair from $85.00 to $125.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. BMO Capital Markets increased their price objective on Wayfair from $105.00 to $115.00 and gave the company a "market perform" rating in a research note on Wednesday, August 5th. Jefferies Financial Group restated a "hold" rating and issued a $108.00 price objective on shares of Wayfair in a report on Tuesday, August 4th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating on shares of Wayfair in a report on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Wayfair has a consensus rating of "Moderate Buy" and a consensus target price of $121.00.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. MBL Wealth LLC purchased a new stake in shares of Wayfair in the third quarter valued at approximately $675,000. Root Financial Partners LLC acquired a new stake in shares of Wayfair in the third quarter valued at approximately $175,000. Reyes Financial Architecture Inc. purchased a new position in Wayfair during the third quarter worth approximately $82,000. Clarity Wealth Advisors LLC purchased a new position in Wayfair during the third quarter worth approximately $205,000. Finally, Nisa Investment Advisors LLC lifted its position in Wayfair by 26.7% during the third quarter. Nisa Investment Advisors LLC now owns 2,633 shares of the company's stock worth $270,000 after buying an additional 555 shares in the last quarter. 89.67% of the stock is owned by hedge funds and other institutional investors.

Wayfair Company Profile

Wayfair Inc is an e-commerce company that sells furniture, home furnishings and related products through digital platforms. Its selection includes furniture, décor, lighting, rugs, mattresses, kitchen and dining products, housewares, home improvement items, outdoor furnishings and other goods for residential and commercial spaces.

The company operates a portfolio of online brands and retail websites, including Wayfair, Joss & Main, AllModern, Birch Lane and Perigold. These brands are designed to serve different customer preferences, price points and areas of the home-furnishings market.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.