Insider Selling: Wayfair Inc. (W) CFO Sells 4,608 Shares of Stock
Wayfair Inc. (NYSE:W) CFO Michael D. Fleisher sold 4,608 shares of Wayfair stock in a transaction on Monday, November 21st. The shares were sold at an average price of $33.50, for a total transaction of $154,368.00. Following the completion of the sale, the chief financial officer now directly owns 45,852 shares of the company’s stock, valued at approximately $1,536,042. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Wayfair Inc. (NYSE:W) traded up 3.93% on Tuesday, reaching $34.92. The company’s stock had a trading volume of 1,351,991 shares. The stock’s market cap is $2.99 billion. The stock has a 50-day moving average of $35.45 and a 200-day moving average of $38.95. Wayfair Inc. has a one year low of $27.60 and a one year high of $50.00.
Wayfair (NYSE:W) last announced its quarterly earnings results on Tuesday, November 8th. The company reported ($0.54) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.59) by $0.05. The firm had revenue of $861.50 million for the quarter, compared to the consensus estimate of $849.42 million. Wayfair had a negative return on equity of 91.94% and a negative net margin of 5.29%. The company’s quarterly revenue was up 45.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.13) earnings per share. On average, analysts predict that Wayfair Inc. will post ($1.84) EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. increased its position in shares of Wayfair by 9.2% in the third quarter. Pacer Advisors Inc. now owns 2,562 shares of the company’s stock worth $101,000 after buying an additional 216 shares during the last quarter. Wedbush Securities Inc. increased its position in Wayfair by 2.9% in the third quarter. Wedbush Securities Inc. now owns 10,672 shares of the company’s stock worth $420,000 after buying an additional 300 shares in the last quarter. Bank of New York Mellon Corp increased its position in Wayfair by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 124,005 shares of the company’s stock worth $4,836,000 after buying an additional 422 shares in the last quarter. BlackRock Inc. increased its position in Wayfair by 17.3% in the third quarter. BlackRock Inc. now owns 3,153 shares of the company’s stock worth $124,000 after buying an additional 464 shares in the last quarter. Finally, Teachers Advisors Inc. increased its position in Wayfair by 2.3% in the first quarter. Teachers Advisors Inc. now owns 30,241 shares of the company’s stock worth $1,307,000 after buying an additional 691 shares in the last quarter. 70.75% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have weighed in on the company. Goldman Sachs Group Inc. cut Wayfair from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $46.00 to $43.00 in a research note on Wednesday, August 10th. Veritas Investment Research restated a “hold” rating on shares of Wayfair in a research note on Friday, August 5th. Zacks Investment Research cut Wayfair from a “buy” rating to a “sell” rating in a research note on Saturday, August 13th. Pacific Crest restated an “equal weight” rating on shares of Wayfair in a research note on Sunday, August 14th. Finally, Vetr cut Wayfair from a “strong-buy” rating to a “buy” rating and set a $42.28 price objective on the stock. in a research note on Friday, August 12th. Fourteen analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Wayfair currently has a consensus rating of “Hold” and an average price target of $51.15.
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Wayfair Company Profile
Wayfair Inc (Wayfair) offers browsing, merchandising, product discovery and prices for a range of products from suppliers across various brands, including Wayfair.com, Joss & Main, AllModern, DwellStudio and Birch Lane. The Company offers a range of furniture, home furnishings, decor and goods. Wayfair produces editorial content both in-house and through third parties.
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