WEX Inc. (NYSE:WEX) COO Carlos Carriedo Sells 875 Shares

Key Points

• Carlos Carriedo, COO of WEX Inc., sold 875 shares at an average price of $171.68, leading to a 14.24% decrease in his total position in the company.
• WEX's stock showed a price increase of $2.41 on Monday, reaching $168.78, with a market capitalization of $5.78 billion.
• Analysts have varied opinions on WEX, with several adjusting price targets, including Mizuho raising theirs to $185.00 and Deutsche Bank setting a target price of $150.00.

WEX Inc. (NYSE:WEX - Get Free Report) COO Carlos Carriedo sold 875 shares of the firm's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $171.68, for a total transaction of $150,220.00. Following the sale, the chief operating officer owned 5,270 shares in the company, valued at approximately $904,753.60. This represents a 14.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

WEX Price Performance

Shares of WEX stock traded up $2.41 on Monday, hitting $168.78. 270,971 shares of the company were exchanged, compared to its average volume of 726,063. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 3.99. The company has a 50-day moving average price of $148.88 and a 200 day moving average price of $148.52. The stock has a market capitalization of $5.78 billion, a price-to-earnings ratio of 21.34, a price-to-earnings-growth ratio of 1.56 and a beta of 1.28. WEX Inc. has a 1-year low of $110.45 and a 1-year high of $217.47.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Mizuho lifted their price target on WEX from $150.00 to $185.00 and gave the company an "outperform" rating in a research note on Friday. Barclays raised their price objective on WEX from $135.00 to $170.00 and gave the company an "equal weight" rating in a report on Monday, July 28th. Deutsche Bank Aktiengesellschaft initiated coverage on WEX in a research note on Thursday, July 17th. They set a "hold" rating and a $150.00 target price for the company. William Blair reaffirmed a "market perform" rating on shares of WEX in a research note on Friday, July 25th. Finally, UBS Group boosted their price objective on WEX from $138.00 to $185.00 and gave the stock a "neutral" rating in a research note on Friday, July 25th. Twelve research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $181.50.

Institutional Trading of WEX

Several large investors have recently added to or reduced their stakes in the stock. Investment Management Corp VA ADV purchased a new position in shares of WEX during the 4th quarter worth $25,000. Thurston Springer Miller Herd & Titak Inc. increased its position in WEX by 282.1% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 214 shares of the business services provider's stock worth $31,000 after purchasing an additional 158 shares during the last quarter. State of Wyoming acquired a new stake in WEX during the fourth quarter worth about $35,000. Farther Finance Advisors LLC raised its stake in WEX by 161.5% during the first quarter. Farther Finance Advisors LLC now owns 272 shares of the business services provider's stock worth $44,000 after purchasing an additional 168 shares during the period. Finally, Quarry LP acquired a new position in WEX in the 1st quarter valued at about $44,000. 97.47% of the stock is currently owned by hedge funds and other institutional investors.

WEX Company Profile

WEX Inc operates a commerce platform in the United States and internationally. The Mobility segment offers fleet vehicle payment solutions, transaction processing, and information management services; and provides account activation and account retention services; authorization and billing inquiries, and account maintenance services; account management; credit and collections services; merchant services; analytics solutions; and ancillary services and offerings.

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