Fiona Tan Sells 7,581 Shares of Wayfair Inc. (NYSE:W) Stock

Wayfair Inc. (NYSE:W) CTO Fiona Tan sold 7,581 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $47.17, for a total transaction of $357,595.77. Following the completion of the sale, the chief technology officer now owns 88,976 shares of the company’s stock, valued at $4,196,997.92. This trade represents a 7.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Friday, January 3rd, Fiona Tan sold 8,249 shares of Wayfair stock. The stock was sold at an average price of $44.91, for a total transaction of $370,462.59.

Wayfair Stock Down 1.6 %

W stock opened at $45.29 on Friday. The stock has a market capitalization of $5.68 billion, a PE ratio of -10.09 and a beta of 3.43. Wayfair Inc. has a 52 week low of $37.35 and a 52 week high of $76.18. The firm has a 50 day moving average of $45.34 and a 200 day moving average of $47.67.

Wayfair (NYSE:W) last posted its quarterly earnings data on Friday, November 1st. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.13 by $0.09. The company had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same quarter in the previous year, the firm posted ($1.38) earnings per share. The company’s quarterly revenue was down 2.0% on a year-over-year basis. On average, equities research analysts expect that Wayfair Inc. will post -2.91 earnings per share for the current year.

Institutional Trading of Wayfair

A number of hedge funds and other institutional investors have recently made changes to their positions in W. Tabor Asset Management LP increased its holdings in shares of Wayfair by 11.3% during the 3rd quarter. Tabor Asset Management LP now owns 156,871 shares of the company’s stock valued at $8,813,000 after purchasing an additional 15,932 shares in the last quarter. Groupama Asset Managment raised its stake in shares of Wayfair by 100.0% during the 3rd quarter. Groupama Asset Managment now owns 1,000,000 shares of the company’s stock worth $56,180,000 after buying an additional 500,000 shares during the period. Wellington Management Group LLP grew its stake in Wayfair by 22.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,097,822 shares of the company’s stock valued at $61,676,000 after acquiring an additional 201,157 shares during the period. Highland Peak Capital LLC acquired a new position in Wayfair during the second quarter worth $5,165,000. Finally, Sei Investments Co. raised its position in shares of Wayfair by 32.8% during the 2nd quarter. Sei Investments Co. now owns 133,415 shares of the company’s stock worth $7,035,000 after purchasing an additional 32,968 shares during the last quarter. Institutional investors and hedge funds own 89.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus reduced their price target on Wayfair from $55.00 to $47.00 and set a “hold” rating on the stock in a report on Monday, November 4th. Needham & Company LLC reiterated a “buy” rating and issued a $60.00 target price on shares of Wayfair in a research note on Friday, November 1st. BMO Capital Markets lowered their target price on shares of Wayfair from $58.00 to $50.00 and set a “market perform” rating for the company in a research note on Monday, November 4th. Mizuho reduced their price target on shares of Wayfair from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Finally, Robert W. Baird decreased their price objective on shares of Wayfair from $56.00 to $50.00 and set a “neutral” rating for the company in a report on Monday, November 4th. Fourteen research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Wayfair has an average rating of “Moderate Buy” and a consensus target price of $60.24.

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.