Wayfair Inc. (NYSE:W – Get Free Report) Director Anke Schaferkordt sold 348 shares of Wayfair stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $58.81, for a total transaction of $20,465.88. Following the transaction, the director now directly owns 13,251 shares in the company, valued at approximately $779,291.31. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Wayfair Trading Up 8.4 %
Shares of W opened at $63.59 on Friday. Wayfair Inc. has a twelve month low of $33.85 and a twelve month high of $90.71. The business’s 50-day moving average price is $59.92 and its 200-day moving average price is $55.21.
Wayfair (NYSE:W – Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The company reported ($1.46) EPS for the quarter, beating the consensus estimate of ($1.54) by $0.08. The firm had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $3.10 billion. As a group, equities research analysts forecast that Wayfair Inc. will post -3.37 EPS for the current year.
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Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Signaturefd LLC boosted its stake in Wayfair by 1.3% during the first quarter. Signaturefd LLC now owns 206,489 shares of the company’s stock valued at $14,016,000 after buying an additional 2,714 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of Wayfair by 39.1% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,676 shares of the company’s stock valued at $114,000 after acquiring an additional 471 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Wayfair by 118.1% during the 1st quarter. Daiwa Securities Group Inc. now owns 16,822 shares of the company’s stock valued at $1,141,000 after acquiring an additional 9,108 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Wayfair by 250.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 167,170 shares of the company’s stock valued at $11,347,000 after acquiring an additional 119,415 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Wayfair by 29.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 514,441 shares of the company’s stock worth $34,920,000 after purchasing an additional 115,646 shares in the last quarter. Institutional investors own 89.67% of the company’s stock.
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.
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