Wayfair Inc. (NYSE:W) CTO Fiona Tan Sells 8,249 Shares

Wayfair Inc. (NYSE:W) CTO Fiona Tan sold 8,249 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $44.91, for a total transaction of $370,462.59. Following the completion of the sale, the chief technology officer now directly owns 96,557 shares of the company’s stock, valued at $4,336,374.87. This represents a 7.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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 value of $357,595.77.

Wayfair Stock Down 4.8 %

NYSE:W traded down $2.32 during trading hours on Tuesday, hitting $46.17. 2,854,610 shares of the company traded hands, compared to its average volume of 3,330,002. Wayfair Inc. has a one year low of $37.35 and a one year high of $76.18. The firm’s 50-day simple moving average is $45.18 and its 200-day simple moving average is $47.74. The company has a market cap of $5.79 billion, a PE ratio of -10.28 and a beta of 3.43.

Wayfair (NYSE:W) last announced its earnings results on Friday, November 1st. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.09. The business had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.87 billion. During the same period in the prior year, the business earned ($1.38) earnings per share. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. As a group, equities research analysts expect that Wayfair Inc. will post -2.91 EPS for the current year.

Institutional Investors Weigh In On Wayfair

Several large investors have recently added to or reduced their stakes in W. GAMMA Investing LLC lifted its holdings in shares of 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 in the last quarter. 272 Capital LP increased its stake in Wayfair by 15.7% in the third quarter. 272 Capital LP now owns 44,053 shares of the company’s stock valued at $2,475,000 after acquiring an additional 5,965 shares during the last quarter. Tidal Investments LLC boosted its stake in Wayfair by 18.1% in the third quarter. Tidal Investments LLC now owns 21,665 shares of the company’s stock worth $1,217,000 after buying an additional 3,320 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Wayfair by 16.5% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 147,436 shares of the company’s stock worth $8,283,000 after acquiring an additional 20,884 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Wayfair by 2.4% during the third quarter. Geode Capital Management LLC now owns 1,524,854 shares of the company’s stock valued at $85,690,000 after buying an additional 35,268 shares during the period. Hedge funds and other institutional investors own 89.67% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Mizuho cut their target price on Wayfair from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. Royal Bank of Canada cut their target price on shares of Wayfair from $53.00 to $50.00 and set a “sector perform” rating on the stock in a research report on Monday, November 4th. StockNews.com raised Wayfair from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Loop Capital increased their target price on shares of Wayfair from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Finally, Stifel Nicolaus decreased their price target on Wayfair from $55.00 to $47.00 and set a “hold” rating for the company in a report on Monday, November 4th. Fourteen investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Wayfair presently has an average rating of “Moderate Buy” and a consensus target price of $60.24.

About Wayfair

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.