Wayfair Inc. (NYSE:W) CTO Fiona Tan Sells 3,133 Shares of Stock

Wayfair Inc. (NYSE:W) CTO Fiona Tan sold 3,133 shares of Wayfair stock in a transaction on Monday, June 16th. The stock was sold at an average price of $47.39, for a total transaction of $148,472.87. Following the sale, the chief technology officer now directly owns 74,105 shares of the company’s stock, valued at $3,511,835.95. This represents a 4.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, June 17th, Fiona Tan sold 3,214 shares of Wayfair stock. The shares were sold at an average price of $49.00, for a total value of $157,486.00.
• On Wednesday, April 2nd, Fiona Tan sold 23,835 shares of Wayfair stock. The stock was sold at an average price of $31.92, for a total transaction of $760,813.20.

Wayfair Stock Performance

Wayfair stock opened at $49.16 on Thursday. The company has a market capitalization of $6.31 billion, a price-to-earnings ratio of -17.25 and a beta of 2.94. The company’s 50 day simple moving average is $36.54 and its 200-day simple moving average is $40.17. Wayfair Inc. has a 1 year low of $20.41 and a 1 year high of $58.42.

Wayfair (NYSE:W) last posted its earnings results on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.24. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.71 billion. Wayfair’s revenue was up .0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.32) EPS. Equities analysts expect that Wayfair Inc. will post -2.54 earnings per share for the current year.

Institutional Trading of Wayfair

A number of large investors have recently modified their holdings of W. Rhumbline Advisers raised its position in shares of Wayfair by 4.3% during the 1st quarter. Rhumbline Advisers now owns 91,272 shares of the company’s stock worth $2,923,000 after acquiring an additional 3,725 shares in the last quarter. Strs Ohio acquired a new stake in Wayfair during the 1st quarter worth $3,043,000. Fred Alger Management LLC boosted its position in shares of Wayfair by 40.1% in the 1st quarter. Fred Alger Management LLC now owns 88,264 shares of the company’s stock valued at $2,827,000 after purchasing an additional 25,260 shares during the period. Scientech Research LLC grew its position in shares of Wayfair by 33.1% during the first quarter. Scientech Research LLC now owns 36,187 shares of the company’s stock worth $1,159,000 after acquiring an additional 9,003 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Wayfair by 29.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 67,023 shares of the company’s stock valued at $2,147,000 after acquiring an additional 15,084 shares during the period. Hedge funds and other institutional investors own 89.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their price target on shares of Wayfair from $63.00 to $50.00 and set an “overweight” rating on the stock in a research note on Monday, March 10th. Raymond James Financial set a $60.00 target price on Wayfair and gave the stock a “strong-buy” rating in a research report on Friday, February 21st. Guggenheim reduced their price target on shares of Wayfair from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Stifel Nicolaus dropped their price objective on shares of Wayfair from $46.00 to $29.00 and set a “hold” rating on the stock in a report on Wednesday, April 23rd. Finally, TD Cowen raised shares of Wayfair from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 5th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $43.96.

Wayfair Company Profile

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.