Wayfair Inc. (NYSE:W) CFO Sells $1,958,802.17 in Stock


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Wayfair Inc. (NYSE:W) CFO Michael D. Fleisher sold 6,323 shares of Wayfair stock in a transaction that occurred on Friday, April 16th. The stock was sold at an average price of $309.79, for a total transaction of $1,958,802.17. Following the completion of the sale, the chief financial officer now owns 109,496 shares of the company’s stock, valued at $33,920,765.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NYSE:W opened at $315.33 on Tuesday. The company’s 50-day moving average is $322.91 and its two-hundred day moving average is $283.65. The firm has a market capitalization of $32.66 billion, a price-to-earnings ratio of -45.18, a PEG ratio of 98.63 and a beta of 3.43. Wayfair Inc. has a 1-year low of $88.61 and a 1-year high of $369.00.

Wayfair (NYSE:W) last released its quarterly earnings results on Thursday, February 25th. The company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.88. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter in the prior year, the company posted ($2.80) earnings per share. The business’s revenue for the quarter was up 46.1% compared to the same quarter last year. Sell-side analysts anticipate that Wayfair Inc. will post 0.13 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of W. Neo Ivy Capital Management acquired a new stake in Wayfair in the fourth quarter valued at approximately $26,000. Adirondack Trust Co. acquired a new position in shares of Wayfair in the 4th quarter valued at $27,000. Whittier Trust Co. boosted its stake in Wayfair by 12,400.0% during the 4th quarter. Whittier Trust Co. now owns 125 shares of the company’s stock worth $28,000 after purchasing an additional 124 shares during the period. Avion Wealth purchased a new stake in shares of Wayfair in the fourth quarter valued at about $29,000. Finally, Hoover Financial Advisors Inc. purchased a new position in shares of Wayfair during the fourth quarter worth about $37,000. 81.27% of the stock is owned by institutional investors and hedge funds.

W has been the topic of a number of recent research reports. Truist raised Wayfair from a “hold” rating to a “buy” rating and increased their target price for the company from $315.00 to $370.00 in a report on Monday, March 1st. Piper Sandler lifted their price objective on Wayfair from $370.00 to $420.00 and gave the company an “overweight” rating in a research report on Thursday, April 15th. DA Davidson lifted their price target on shares of Wayfair from $325.00 to $450.00 in a report on Wednesday, March 31st. TheStreet raised shares of Wayfair from a “d+” rating to a “c” rating in a report on Monday, March 1st. Finally, Morgan Stanley raised Wayfair from an “underweight” rating to an “equal weight” rating and set a $270.00 price target on the stock in a report on Wednesday, March 3rd. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $295.45.

About Wayfair

Wayfair Inc engages in the e-commerce business in the United States and internationally. It provides approximately twenty-two million products for the home sector under various brands. The company offers online selections of furniture, décor, housewares, and home improvement products through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold brands.

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