Wayfair Inc. (NYSE:W - Get Free Report) CTO Fiona Tan sold 3,133 shares of Wayfair stock in a transaction on Monday, June 16th. The shares were sold at an average price of $47.39, for a total value of $148,472.87. Following the transaction, the chief technology officer now owns 74,105 shares of the company's stock, valued at $3,511,835.95. The trade was a 4.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Fiona Tan also recently made the following trade(s):
- On Tuesday, June 17th, Fiona Tan sold 3,214 shares of Wayfair stock. The stock was sold at an average price of $49.00, for a total value of $157,486.00.
- 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 Trading Up 1.0%
Wayfair stock traded up $0.48 during midday trading on Friday, hitting $49.59. The stock had a trading volume of 4,839,547 shares, compared to its average volume of 4,793,431. Wayfair Inc. has a 52-week low of $20.41 and a 52-week high of $58.42. The firm's fifty day moving average is $37.45 and its two-hundred day moving average is $40.12. The company has a market capitalization of $6.36 billion, a PE ratio of -17.40 and a beta of 2.94.
Wayfair (NYSE:W - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.14) by $0.24. The company had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.71 billion. During the same period last year, the business earned ($0.32) earnings per share. The company's quarterly revenue was up .0% compared to the same quarter last year. As a group, equities research analysts predict that Wayfair Inc. will post -2.54 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Wayfair
A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of Wayfair by 3.6% in the fourth quarter. Vanguard Group Inc. now owns 9,315,337 shares of the company's stock valued at $412,856,000 after purchasing an additional 327,603 shares in the last quarter. Sterling Capital Management LLC grew its holdings in shares of Wayfair by 60.1% in the fourth quarter. Sterling Capital Management LLC now owns 5,636 shares of the company's stock valued at $250,000 after purchasing an additional 2,116 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Wayfair by 3.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,009,312 shares of the company's stock valued at $44,733,000 after purchasing an additional 35,057 shares in the last quarter. LPL Financial LLC grew its holdings in shares of Wayfair by 218.2% in the fourth quarter. LPL Financial LLC now owns 38,486 shares of the company's stock valued at $1,706,000 after purchasing an additional 26,390 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Wayfair in the fourth quarter valued at $31,472,000. 89.67% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
W has been the topic of a number of analyst reports. Needham & Company LLC reiterated a "buy" rating and issued a $50.00 price target on shares of Wayfair in a research note on Thursday, May 1st. Wedbush upgraded shares of Wayfair to a "hold" rating in a research note on Thursday, May 1st. Zelman & Associates initiated coverage on shares of Wayfair in a research note on Thursday, May 15th. They issued an "outperform" rating on the stock. Citigroup upped their price target on shares of Wayfair from $30.00 to $32.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Finally, Canaccord Genuity Group lowered their target price on shares of Wayfair from $68.00 to $58.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. One equities 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 issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $43.96.
View Our Latest Research Report on Wayfair
About Wayfair
(
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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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