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

Wayfair Inc. (NYSE:W) CTO Fiona Tan sold 8,249 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $44.91, for a total transaction of $370,462.59. Following the sale, the chief technology officer now owns 96,557 shares in the company, valued at $4,336,374.87. The trade was a 7.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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.

Wayfair Price Performance

Shares of NYSE W opened at $45.29 on Friday. The stock has a fifty day moving average price of $45.34 and a 200 day moving average price of $47.67. Wayfair Inc. has a 1-year low of $37.35 and a 1-year high of $76.18. The company has a market cap of $5.68 billion, a PE ratio of -10.09 and a beta of 3.43.

Wayfair (NYSE:W) last released its earnings results on Friday, November 1st. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.13 by $0.09. The firm had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same quarter last year, the business posted ($1.38) EPS. The firm’s revenue was down 2.0% on a year-over-year basis. Analysts anticipate that Wayfair Inc. will post -2.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

W has been the topic of a number of analyst reports. Royal Bank of Canada reduced their price objective on shares of Wayfair from $53.00 to $50.00 and set a “sector perform” rating on the stock in a report on Monday, November 4th. Robert W. Baird decreased their price target on Wayfair from $56.00 to $50.00 and set a “neutral” rating for the company in a report on Monday, November 4th. Loop Capital upped their price objective on Wayfair from $50.00 to $55.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. Wedbush lowered Wayfair from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $45.00 to $44.00 in a research report on Monday. Finally, Piper Sandler lowered their price target on Wayfair from $67.00 to $63.00 and set an “overweight” rating for the company in a report on Monday, October 28th. Fourteen equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.24.

Institutional Investors Weigh In On Wayfair

A number of institutional investors have recently added to or reduced their stakes in the business. Southpoint Capital Advisors LP acquired a new position in shares of Wayfair during the 3rd quarter worth $78,652,000. Holocene Advisors LP increased its holdings in Wayfair by 5,699.8% in the third quarter. Holocene Advisors LP now owns 1,235,193 shares of the company’s stock valued at $69,393,000 after buying an additional 1,213,896 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Wayfair by 28.0% in the second quarter. Renaissance Technologies LLC now owns 3,086,569 shares of the company’s stock valued at $162,755,000 after buying an additional 675,271 shares in the last quarter. Groupama Asset Managment lifted its position 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 valued at $56,180,000 after acquiring an additional 500,000 shares during the period. Finally, Wolf Hill Capital Management LP boosted its stake in shares of Wayfair by 22.9% during the 2nd quarter. Wolf Hill Capital Management LP now owns 2,322,906 shares of the company’s stock worth $122,487,000 after acquiring an additional 432,404 shares in the last quarter. Hedge funds and other institutional investors own 89.67% of the company’s stock.

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.