Wayfair Inc. (NYSE:W - Get Free Report) CTO Fiona Tan sold 8,000 shares of the company's stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $115.00, for a total value of $920,000.00. Following the completion of the transaction, the chief technology officer owned 196,698 shares of the company's stock, valued at $22,620,270. The trade was a 3.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Fiona Tan also recently made the following trade(s):
- On Thursday, October 1st, Fiona Tan sold 7,000 shares of Wayfair stock. The shares were sold at an average price of $102.18, for a total value of $715,260.00.
Wayfair Trading Up 0.3%
Shares of NYSE W opened at $113.59 on Friday. The stock has a market cap of $14.99 billion, a price-to-earnings ratio of 231.24, a P/E/G ratio of 4.07 and a beta of 3.02. Wayfair Inc. has a 1-year low of $55.60 and a 1-year high of $119.98. The stock's 50-day moving average is $103.34 and its 200 day moving average is $88.81.
Wayfair (NYSE:W - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.05. Wayfair had a negative return on equity of 3.40% and a negative net margin of 2.49%. The business had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the prior year, the firm earned $0.87 earnings per share. Wayfair's revenue for the quarter was up 7.5% on a year-over-year basis. On average, analysts forecast that Wayfair Inc. will post 0.93 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on W. JPMorgan Chase & Co. upped their price objective on shares of Wayfair from $105.00 to $108.00 and gave the company an "overweight" rating in a research note on Tuesday, July 28th. Morgan Stanley reiterated an "overweight" rating on shares of Wayfair in a research report on Wednesday, August 5th. Guggenheim lifted their target price on shares of Wayfair from $100.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Piper Sandler boosted their price target on shares of Wayfair from $133.00 to $135.00 and gave the stock an "overweight" rating in a research note on Tuesday. Finally, Benchmark initiated coverage on shares of Wayfair in a research report on Tuesday, July 7th. They set a "hold" rating for the company. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $121.00.
Check Out Our Latest Report on Wayfair
Hedge Funds Weigh In On Wayfair
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Fortitude Family Office LLC increased its stake in Wayfair by 144.7% in the 3rd quarter. Fortitude Family Office LLC now owns 460 shares of the company's stock worth $47,000 after purchasing an additional 272 shares during the period. Reyes Financial Architecture Inc. bought a new stake in Wayfair in the third quarter valued at approximately $82,000. IFP Advisors Inc lifted its position in Wayfair by 79.2% in the second quarter. IFP Advisors Inc now owns 810 shares of the company's stock valued at $75,000 after purchasing an additional 358 shares during the last quarter. Polaris Financial Partners purchased a new stake in shares of Wayfair during the third quarter valued at approximately $113,000. Finally, ABS Direct Equity Fund LLC purchased a new stake in shares of Wayfair during the first quarter valued at approximately $83,000. 89.67% of the stock is currently owned by institutional investors.
Wayfair Company Profile
(
Get Free Report)
Wayfair Inc is an e-commerce company that sells furniture, home furnishings and related products through digital platforms. Its selection includes furniture, décor, lighting, rugs, mattresses, kitchen and dining products, housewares, home improvement items, outdoor furnishings and other goods for residential and commercial spaces.
The company operates a portfolio of online brands and retail websites, including Wayfair, Joss & Main, AllModern, Birch Lane and Perigold. These brands are designed to serve different customer preferences, price points and areas of the home-furnishings market.
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