Wayfair Inc. (NYSE:W) CTO Fiona Tan Sells 24,069 Shares

Wayfair Inc. (NYSE:W – Free Report) CTO Fiona Tan sold 24,069 shares of the stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $64.13, for a total value of $1,543,544.97. Following the completion of the sale, the chief technology officer now directly owns 77,238 shares of the company’s stock, valued at $4,953,272.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Wayfair Stock Performance

W opened at $63.83 on Thursday. The business has a 50-day moving average of $45.99 and a two-hundred day moving average of $42.99. Wayfair Inc. has a 12 month low of $28.11 and a 12 month high of $76.35.

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Wayfair (NYSE:W – Free Report) last posted its quarterly earnings results on Thursday, May 4th. The company reported ($2.50) EPS for the quarter, beating the consensus estimate of ($3.14) by $0.64. The business had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.74 billion. Research analysts predict that Wayfair Inc. will post -8.8 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on W shares. DA Davidson increased their price objective on Wayfair from $49.00 to $57.00 in a report on Friday, May 5th. Bank of America increased their price target on Wayfair from $55.00 to $60.00 in a report on Thursday, June 8th. StockNews.com initiated coverage on Wayfair in a report on Thursday, May 18th. They set a “sell” rating for the company. Loop Capital decreased their price target on Wayfair from $30.00 to $25.00 in a report on Friday, May 5th. Finally, Truist Financial raised their target price on Wayfair from $53.00 to $56.00 in a report on Thursday, June 8th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Wayfair presently has a consensus rating of “Hold” and a consensus target price of $48.68.

Institutional Trading of Wayfair

Several hedge funds and other institutional investors have recently added to or reduced their stakes in W. Captrust Financial Advisors lifted its stake in shares of Wayfair by 102.6% in the 1st quarter. Captrust Financial Advisors now owns 780 shares of the company’s stock valued at $86,000 after purchasing an additional 395 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of Wayfair by 132.4% in the 4th quarter. Parallel Advisors LLC now owns 853 shares of the company’s stock valued at $28,000 after purchasing an additional 486 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of Wayfair by 169.5% in the 4th quarter. IFP Advisors Inc now owns 919 shares of the company’s stock valued at $96,000 after purchasing an additional 578 shares in the last quarter. Covestor Ltd lifted its stake in shares of Wayfair by 2,934.3% in the 1st quarter. Covestor Ltd now owns 1,062 shares of the company’s stock valued at $118,000 after purchasing an additional 1,027 shares in the last quarter. Finally, Yarbrough Capital LLC acquired a new position in shares of Wayfair in the 4th quarter valued at about $43,000. Hedge funds and other institutional investors own 87.35% of the company’s stock.

Wayfair Company Profile

(Free Report)

Wayfair Inc engages in the e-commerce business in the United States and internationally. The company provides approximately fourty million products for the home sector under various brands. It offers online selections of furniture, décor, housewares, and home improvement products through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, Perigold, and Wayfair Professional.

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