Fiona Tan Sells 23,835 Shares of Wayfair Inc. (NYSE:W) Stock

Wayfair Inc. (NYSE:W - Get Free Report) CTO Fiona Tan sold 23,835 shares of the business's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $31.92, for a total transaction of $760,813.20. Following the completion of the sale, the chief technology officer now owns 111,128 shares of the company's stock, valued at $3,547,205.76. The trade was a 17.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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 shares were sold at an average price of $47.17, for a total transaction of $357,595.77.
• On Friday, January 3rd, Fiona Tan sold 8,249 shares of Wayfair stock. The stock was sold at an average price of $44.91, for a total value of $370,462.59.

Wayfair Trading Up 4.4 %

NYSE W traded up $1.14 during trading hours on Monday, reaching $27.19. 10,536,019 shares of the company's stock were exchanged, compared to its average volume of 4,499,451. The firm has a fifty day moving average of $39.07 and a 200-day moving average of $44.44. Wayfair Inc. has a one year low of $20.41 and a one year high of $76.18. The stock has a market cap of $3.45 billion, a PE ratio of -6.76 and a beta of 3.72.

Wayfair (NYSE:W - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported ($0.96) EPS for the quarter, missing the consensus estimate of $0.05 by ($1.01). The firm had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.07 billion. As a group, research analysts forecast that Wayfair Inc. will post -2.54 EPS for the current year.

Analyst Upgrades and Downgrades

W has been the topic of several recent analyst reports. Stifel Nicolaus dropped their price target on Wayfair from $47.00 to $46.00 and set a "hold" rating on the stock in a research report on Friday, February 21st. Royal Bank of Canada dropped their target price on shares of Wayfair from $50.00 to $43.00 and set a "sector perform" rating on the stock in a research report on Monday, February 24th. Bank of America reduced their price target on shares of Wayfair from $52.00 to $50.00 and set a "neutral" rating for the company in a report on Friday, February 21st. Truist Financial dropped their price objective on shares of Wayfair from $55.00 to $53.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Finally, StockNews.com upgraded shares of Wayfair from a "sell" rating to a "hold" rating in a research note on Thursday, December 19th. Fifteen investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $54.84.

Institutional Investors Weigh In On Wayfair

Several hedge funds and other institutional investors have recently added to or reduced their stakes in W. True Wealth Design LLC increased its stake in shares of Wayfair by 207.1% in the 4th quarter. True Wealth Design LLC now owns 565 shares of the company's stock valued at $25,000 after buying an additional 381 shares during the period. J.Safra Asset Management Corp boosted its holdings in Wayfair by 71.3% in the fourth quarter. J.Safra Asset Management Corp now owns 586 shares of the company's stock valued at $26,000 after acquiring an additional 244 shares during the last quarter. Jones Financial Companies Lllp increased its position in Wayfair by 577.0% in the fourth quarter. Jones Financial Companies Lllp now owns 589 shares of the company's stock worth $26,000 after purchasing an additional 502 shares during the period. GAMMA Investing LLC raised its holdings in Wayfair by 65.5% during the 4th quarter. GAMMA Investing LLC now owns 710 shares of the company's stock worth $31,000 after purchasing an additional 281 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in Wayfair during the 4th quarter worth about $41,000. Institutional investors and hedge funds 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.