Wayfair Inc. (NYSE:W) CTO Fiona Tan Sells 23,835 Shares

Wayfair Inc. (NYSE:W) CTO Fiona Tan sold 23,835 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $31.92, for a total transaction of $760,813.20. Following the completion of the transaction, the chief technology officer now directly owns 111,128 shares of the company’s stock, valued at approximately $3,547,205.76. This represents a 17.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, January 6th, Fiona Tan sold 7,581 shares of Wayfair stock. The stock was sold at an average price of $47.17, for a total transaction of $357,595.77.
• 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 value of $370,462.59.

Wayfair Stock Up 5.5 %

W stock opened at $33.70 on Thursday. The stock’s 50 day moving average is $40.41 and its two-hundred day moving average is $45.01. Wayfair Inc. has a 52-week low of $28.47 and a 52-week high of $76.18. The company has a market capitalization of $4.28 billion, a PE ratio of -8.38 and a beta of 3.44.

Wayfair (NYSE:W) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($0.96) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($1.01). The company had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.07 billion. As a group, sell-side analysts anticipate that Wayfair Inc. will post -2.54 EPS for the current year.

Hedge Funds Weigh In On Wayfair

A number of hedge funds have recently added to or reduced their stakes in the business. True Wealth Design LLC grew its holdings in shares of Wayfair by 207.1% during the fourth quarter. True Wealth Design LLC now owns 565 shares of the company’s stock valued at $25,000 after purchasing an additional 381 shares during the last quarter. J.Safra Asset Management Corp boosted its position in Wayfair by 71.3% during the 4th quarter. J.Safra Asset Management Corp now owns 586 shares of the company’s stock valued at $26,000 after purchasing an additional 244 shares during the period. Jones Financial Companies Lllp grew its stake in Wayfair by 577.0% during the 4th quarter. Jones Financial Companies Lllp now owns 589 shares of the company’s stock worth $26,000 after buying an additional 502 shares during the last quarter. GAMMA Investing LLC increased its position in Wayfair by 65.5% in the fourth quarter. GAMMA Investing LLC now owns 710 shares of the company’s stock worth $31,000 after buying an additional 281 shares during the period. Finally, Aster Capital Management DIFC Ltd bought a new stake in Wayfair in the fourth quarter valued at $41,000. Institutional investors and hedge funds own 89.67% of the company’s stock.

Wall Street Analyst Weigh In

W has been the subject of several analyst reports. Stifel Nicolaus dropped their target price on Wayfair from $47.00 to $46.00 and set a “hold” rating for the company in a research note on Friday, February 21st. BMO Capital Markets increased their price objective on shares of Wayfair from $50.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday, February 21st. Piper Sandler set a $58.00 target price on shares of Wayfair and gave the company an “overweight” rating in a report on Friday, February 21st. Loop Capital cut their price target on shares of Wayfair from $55.00 to $45.00 and set a “hold” rating on the stock in a research note on Friday, February 21st. Finally, Raymond James set a $60.00 price objective on shares of Wayfair and gave the company a “strong-buy” rating in a research note on Friday, February 21st. Fourteen analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $56.81.

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.