Wayfair Inc (W) CFO Sells $51,435.15 in Stock

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Wayfair Inc (NYSE:W) CFO Michael D. Fleisher sold 507 shares of the stock in a transaction that occurred on Monday, December 17th. The stock was sold at an average price of $101.45, for a total transaction of $51,435.15. Following the completion of the transaction, the chief financial officer now owns 123,379 shares in the company, valued at approximately $12,516,799.55. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

NYSE W opened at $93.25 on Wednesday. Wayfair Inc has a one year low of $60.53 and a one year high of $151.20. The firm has a market capitalization of $8.44 billion, a P/E ratio of -33.30 and a beta of 1.81.

Wayfair (NYSE:W) last posted its quarterly earnings data on Thursday, November 1st. The company reported ($1.28) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.09) by ($0.19). The company had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the prior year, the company posted ($0.65) earnings per share. The business’s revenue was up 42.4% compared to the same quarter last year. Equities analysts predict that Wayfair Inc will post -5.72 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of W. Voya Investment Management LLC increased its stake in shares of Wayfair by 26.8% in the 2nd quarter. Voya Investment Management LLC now owns 17,638 shares of the company’s stock worth $2,095,000 after acquiring an additional 3,726 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Wayfair by 6.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 159,649 shares of the company’s stock worth $18,960,000 after acquiring an additional 9,588 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Wayfair by 43.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,318 shares of the company’s stock worth $394,000 after acquiring an additional 1,002 shares during the last quarter. Swiss National Bank increased its stake in shares of Wayfair by 46.0% in the 2nd quarter. Swiss National Bank now owns 100,600 shares of the company’s stock worth $11,947,000 after acquiring an additional 31,700 shares during the last quarter. Finally, United Services Automobile Association increased its stake in shares of Wayfair by 7.8% in the 2nd quarter. United Services Automobile Association now owns 6,685 shares of the company’s stock worth $794,000 after acquiring an additional 483 shares during the last quarter. 70.94% of the stock is owned by hedge funds and other institutional investors.

W has been the topic of a number of recent analyst reports. Bank of America lowered Wayfair from a “buy” rating to a “neutral” rating and increased their target price for the company from $130.00 to $160.00 in a research report on Thursday, September 13th. MKM Partners increased their target price on Wayfair from $130.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, September 27th. Canaccord Genuity reiterated a “buy” rating and set a $165.00 target price (up previously from $140.00) on shares of Wayfair in a research report on Friday, September 28th. Wells Fargo & Co initiated coverage on Wayfair in a research report on Wednesday, September 12th. They set a “market perform” rating and a $150.00 target price on the stock. Finally, Loop Capital set a $155.00 target price on Wayfair and gave the company a “buy” rating in a research report on Monday, September 10th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $126.50.

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Wayfair Company Profile

Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. The company offers approximately 10 million products for the home sector under various brands. It offers a selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, such as Wayfair, Joss & Main, AllModern, DwellStudio, Perigold, and Birch Lane.

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Insider Buying and Selling by Quarter for Wayfair (NYSE:W)

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