Wayfair Inc. (NYSE:W) CTO Sells $370,462.59 in Stock

Wayfair Inc. (NYSE:W) CTO Fiona Tan sold 8,249 shares of the firm’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $44.91, for a total transaction of $370,462.59. Following the sale, the chief technology officer now directly owns 96,557 shares in the company, valued at approximately $4,336,374.87. The trade was a 7.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, January 6th, Fiona Tan sold 7,581 shares of Wayfair stock. The shares were sold at an average price of $47.17, for a total transaction of $357,595.77.

Wayfair Trading Down 1.6 %

Shares of W stock opened at $45.29 on Thursday. The stock’s 50-day moving average price is $45.24 and its 200-day moving average price is $47.70. Wayfair Inc. has a 12-month low of $37.35 and a 12-month high of $76.18. The stock has a market capitalization of $5.68 billion, a price-to-earnings ratio of -10.09 and a beta of 3.43.

Wayfair (NYSE:W) last posted its earnings results on Friday, November 1st. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.09. The firm had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter in the prior year, the company posted ($1.38) earnings per share. The firm’s revenue was down 2.0% compared to the same quarter last year. As a group, research analysts predict that Wayfair Inc. will post -2.91 EPS for the current fiscal year.

Institutional Trading of Wayfair

A number of large investors have recently made changes to their positions in W. Creative Planning lifted its position in Wayfair by 2.1% in the third quarter. Creative Planning now owns 13,261 shares of the company’s stock worth $745,000 after buying an additional 272 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Wayfair by 65.5% during the 4th quarter. GAMMA Investing LLC now owns 710 shares of the company’s stock worth $31,000 after purchasing an additional 281 shares during the period. Capital Performance Advisors LLP purchased a new stake in Wayfair in the 3rd quarter worth about $29,000. Optimist Retirement Group LLC lifted its stake in Wayfair by 14.9% in the second quarter. Optimist Retirement Group LLC now owns 4,379 shares of the company’s stock worth $231,000 after purchasing an additional 568 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of Wayfair by 12.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 7,217 shares of the company’s stock valued at $381,000 after buying an additional 788 shares during the last quarter. 89.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. StockNews.com upgraded shares of Wayfair from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. Truist Financial reduced their price objective on Wayfair from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Stifel Nicolaus cut their price target on Wayfair from $55.00 to $47.00 and set a “hold” rating for the company in a research note on Monday, November 4th. Royal Bank of Canada lowered their price objective on shares of Wayfair from $53.00 to $50.00 and set a “sector perform” rating on the stock in a research note on Monday, November 4th. Finally, UBS Group cut their target price on shares of Wayfair from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Tuesday, October 22nd. Fourteen research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $60.24.

About Wayfair

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.