Fiona Tan Sells 8,036 Shares of Wayfair Inc. (NYSE:W) Stock

Wayfair Inc. (NYSE:WGet Free Report) CTO Fiona Tan sold 8,036 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $50.64, for a total transaction of $406,943.04. Following the sale, the chief technology officer now directly owns 64,074 shares in the company, valued at $3,244,707.36. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

  • On Thursday, April 4th, Fiona Tan sold 4,884 shares of Wayfair stock. The stock was sold at an average price of $65.03, for a total transaction of $317,606.52.

Wayfair Price Performance

NYSE W opened at $51.49 on Friday. Wayfair Inc. has a 1 year low of $38.37 and a 1 year high of $90.71. The firm has a market cap of $6.20 billion, a price-to-earnings ratio of -9.61 and a beta of 3.43. The company has a fifty day moving average price of $58.67 and a 200-day moving average price of $58.28.

Wayfair (NYSE:WGet Free Report) last posted its earnings results on Thursday, May 2nd. The company reported ($1.38) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.49) by $0.11. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.64 billion. On average, research analysts anticipate that Wayfair Inc. will post -2.94 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on W. StockNews.com downgraded shares of Wayfair from a “hold” rating to a “sell” rating in a research report on Sunday, June 23rd. Evercore ISI upgraded shares of Wayfair from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $65.00 to $80.00 in a research report on Thursday, April 4th. BMO Capital Markets boosted their price target on shares of Wayfair from $57.00 to $61.00 and gave the stock a “market perform” rating in a research report on Friday, May 3rd. Citigroup boosted their price target on shares of Wayfair from $73.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Finally, Mizuho began coverage on shares of Wayfair in a research report on Tuesday, March 19th. They issued a “buy” rating and a $72.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $78.50.

Read Our Latest Stock Report on W

Institutional Trading of Wayfair

Several institutional investors have recently made changes to their positions in W. Northern Trust Corp grew its position in Wayfair by 6.5% during the third quarter. Northern Trust Corp now owns 375,336 shares of the company’s stock valued at $22,734,000 after buying an additional 23,022 shares during the period. AQR Capital Management LLC grew its position in Wayfair by 422.6% during the third quarter. AQR Capital Management LLC now owns 511,454 shares of the company’s stock valued at $30,979,000 after buying an additional 413,592 shares during the period. Adage Capital Partners GP L.L.C. grew its position in Wayfair by 100.0% during the third quarter. Adage Capital Partners GP L.L.C. now owns 50,000 shares of the company’s stock valued at $3,028,000 after buying an additional 25,000 shares during the period. Lido Advisors LLC grew its position in Wayfair by 6.1% during the third quarter. Lido Advisors LLC now owns 157,488 shares of the company’s stock valued at $9,539,000 after buying an additional 9,018 shares during the period. Finally, WealthPlan Investment Management LLC grew its position in Wayfair by 690.0% during the third quarter. WealthPlan Investment Management LLC now owns 4,961 shares of the company’s stock valued at $300,000 after buying an additional 4,333 shares during the period. Institutional investors own 89.67% of the company’s stock.

Wayfair Company Profile

(Get Free Report)

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, d├ęcor, housewares, and home improvement products through its sites consisting of Wayfair, Joss & Main, AllModern, Birch Lane, Perigold, and Wayfair Professional.

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Insider Buying and Selling by Quarter for Wayfair (NYSE:W)

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