Fiona Tan Sells 6,347 Shares of Wayfair (NYSE:W) Stock

Wayfair Inc. (NYSE:W) CTO Fiona Tan sold 6,347 shares of Wayfair stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $100.54, for a total transaction of $638,127.38. Following the completion of the sale, the chief technology officer directly owned 198,860 shares of the company’s stock, valued at approximately $19,993,384.40. The trade was a 3.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Wayfair Stock Performance

Shares of Wayfair stock traded up $8.48 during trading hours on Friday, reaching $107.18. The company’s stock had a trading volume of 6,818,848 shares, compared to its average volume of 4,811,868. The company has a market capitalization of $13.90 billion, a P/E ratio of -41.87 and a beta of 3.03. The stock’s fifty day simple moving average is $86.82 and its two-hundred day simple moving average is $64.22. Wayfair Inc. has a one year low of $20.41 and a one year high of $108.72.

Wayfair (NYSE:W) last posted its earnings results on Tuesday, October 28th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.44 by $0.26. The business had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the previous year, the firm earned $0.22 earnings per share. The company’s revenue was up 8.1% on a year-over-year basis. As a group, research analysts forecast that Wayfair Inc. will post -2.54 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on W. Argus upped their price target on Wayfair from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Wayfair in a research note on Wednesday, October 8th. Needham & Company LLC raised their price target on shares of Wayfair from $83.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Wedbush restated a “neutral” rating on shares of Wayfair in a report on Tuesday, August 5th. Finally, Gordon Haskett raised shares of Wayfair from an “accumulate” rating to a “buy” rating and set a $150.00 price objective for the company in a research report on Tuesday, October 28th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $103.96.

Institutional Trading of Wayfair

Several hedge funds have recently added to or reduced their stakes in W. Rothschild & Co Wealth Management UK Ltd grew its position in shares of Wayfair by 1.8% during the 3rd quarter. Rothschild & Co Wealth Management UK Ltd now owns 249,946 shares of the company’s stock valued at $22,328,000 after acquiring an additional 4,343 shares during the period. Syon Capital LLC purchased a new stake in Wayfair in the third quarter worth $227,000. Rothschild Investment LLC raised its stake in shares of Wayfair by 1,012.5% in the third quarter. Rothschild Investment LLC now owns 1,095 shares of the company’s stock valued at $98,000 after buying an additional 1,215 shares during the period. Vanguard Group Inc. lifted its position in shares of Wayfair by 4.3% during the 3rd quarter. Vanguard Group Inc. now owns 9,562,050 shares of the company’s stock valued at $854,178,000 after buying an additional 397,572 shares during the last quarter. Finally, Public Sector Pension Investment Board purchased a new position in shares of Wayfair during the 3rd quarter valued at $8,075,000. Institutional investors own 89.67% of the company’s stock.

Wayfair Company Profile

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.