Wayfair Inc (NYSE:W) COO Thomas Netzer sold 1,000 shares of the stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $250.00, for a total transaction of $250,000.00. Following the completion of the sale, the chief operating officer now directly owns 13,772 shares of the company’s stock, valued at approximately $3,443,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NYSE W opened at $266.09 on Friday. Wayfair Inc has a 1-year low of $21.70 and a 1-year high of $267.43. The business’s fifty day moving average price is $213.24 and its two-hundred day moving average price is $130.28. The firm has a market capitalization of $25.18 billion, a PE ratio of -23.14 and a beta of 3.37.

Wayfair (NYSE:W) last issued its earnings results on Tuesday, May 5th. The company reported ($2.30) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($2.60) by $0.30. The company had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same period in the prior year, the business earned ($1.62) earnings per share. Wayfair’s quarterly revenue was up 19.8% on a year-over-year basis. On average, equities research analysts predict that Wayfair Inc will post -6.14 earnings per share for the current year.

Several analysts have issued reports on the stock. Barclays increased their price objective on shares of Wayfair from $56.00 to $153.00 and gave the company an “underweight” rating in a research report on Thursday, May 7th. Jefferies Financial Group increased their price objective on shares of Wayfair from $112.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. ValuEngine cut Wayfair from a “buy” rating to a “hold” rating in a research note on Thursday, July 2nd. Robert W. Baird increased their target price on Wayfair from $190.00 to $225.00 and gave the company a “neutral” rating in a research note on Tuesday, July 7th. Finally, Cfra increased their target price on Wayfair from $55.00 to $170.00 and gave the company a “hold” rating in a research note on Tuesday, May 5th. Seven analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $161.00.

Hedge funds and other institutional investors have recently modified their holdings of the business. World Asset Management Inc acquired a new stake in Wayfair in the second quarter worth $234,000. APG Asset Management N.V. increased its holdings in shares of Wayfair by 4.7% during the first quarter. APG Asset Management N.V. now owns 41,500 shares of the company’s stock valued at $2,218,000 after purchasing an additional 1,867 shares during the period. Swiss National Bank increased its holdings in shares of Wayfair by 24.8% during the first quarter. Swiss National Bank now owns 242,437 shares of the company’s stock valued at $12,956,000 after purchasing an additional 48,200 shares during the period. IBM Retirement Fund acquired a new position in shares of Wayfair during the second quarter valued at $304,000. Finally, NN Investment Partners Holdings N.V. acquired a new position in shares of Wayfair during the second quarter valued at $1,434,000. 88.20% of the stock is currently owned by hedge funds and other institutional investors.

About Wayfair

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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