Wayfair Inc (NYSE:W) CFO Michael D. Fleisher sold 6,290 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $145.00, for a total value of $912,050.00. Following the completion of the transaction, the chief financial officer now owns 133,923 shares in the company, valued at approximately $19,418,835. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

W stock traded down $3.78 during midday trading on Wednesday, reaching $145.75. 1,222,557 shares of the company’s stock traded hands, compared to its average volume of 2,053,984. Wayfair Inc has a 52 week low of $60.53 and a 52 week high of $173.72. The stock has a market capitalization of $13.62 billion, a price-to-earnings ratio of -25.98 and a beta of 2.03.

Wayfair (NYSE:W) last issued its earnings results on Friday, February 22nd. The company reported ($1.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.80) by $0.68. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the previous year, the firm earned ($0.58) EPS. The company’s revenue was up 40.0% compared to the same quarter last year. As a group, analysts forecast that Wayfair Inc will post -7.81 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of W. LS Investment Advisors LLC bought a new stake in Wayfair during the 4th quarter valued at $60,000. Brandywine Global Investment Management LLC raised its holdings in Wayfair by 7,322.2% during the 4th quarter. Brandywine Global Investment Management LLC now owns 1,336 shares of the company’s stock valued at $121,000 after acquiring an additional 1,318 shares during the period. Flagship Harbor Advisors LLC raised its holdings in Wayfair by 150.5% during the 1st quarter. Flagship Harbor Advisors LLC now owns 932 shares of the company’s stock valued at $138,000 after acquiring an additional 560 shares during the period. Enlightenment Research LLC bought a new stake in Wayfair during the 4th quarter valued at $144,000. Finally, MERIAN GLOBAL INVESTORS UK Ltd bought a new stake in Wayfair during the 4th quarter valued at $144,000. 80.81% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently commented on the company. Zacks Investment Research downgraded Wayfair from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. Gordon Haskett upgraded Wayfair from a “hold” rating to an “accumulate” rating in a research note on Thursday, March 21st. Evercore ISI assumed coverage on Wayfair in a research note on Wednesday, March 20th. They issued an “outperform” rating and a $200.00 price objective on the stock. Loop Capital upped their price objective on Wayfair to $195.00 and gave the company a “positive” rating in a research note on Tuesday, March 12th. Finally, Bank of America reiterated a “neutral” rating and issued a $175.00 price objective (up previously from $163.00) on shares of Wayfair in a research note on Friday, March 1st. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $144.63.

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Wayfair Company Profile

Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. It provides approximately 14 million products for the home sector under various brands. The company offers selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold.

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

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