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 dated Wednesday, April 2nd. The stock was sold at an average price of $31.92, for a total value of $760,813.20. Following the transaction, the chief technology officer now directly owns 111,128 shares of the company's stock, valued at approximately $3,547,205.76. This represents a 17.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 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 transaction of $370,462.59.

Wayfair Stock Up 5.5 %

Shares of NYSE W opened at $33.70 on Thursday. The stock has a market capitalization of $4.28 billion, a price-to-earnings ratio of -8.38 and a beta of 3.44. Wayfair Inc. has a 52 week low of $28.47 and a 52 week high of $76.18. The firm has a 50-day moving average price of $40.41 and a 200 day moving average price of $45.01.

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Wayfair (NYSE:W - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.96) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($1.01). The firm had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.07 billion. Equities research analysts expect that Wayfair Inc. will post -2.54 EPS for the current fiscal year.

Institutional Trading of Wayfair

Large investors have recently bought and sold shares of the company. J.Safra Asset Management Corp raised its position in Wayfair by 71.3% during the fourth quarter. J.Safra Asset Management Corp now owns 586 shares of the company's stock worth $26,000 after acquiring an additional 244 shares during the last quarter. GAMMA Investing LLC raised its position in shares of 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. True Wealth Design LLC lifted its stake in 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 in the last quarter. California State Teachers Retirement System grew its holdings in Wayfair by 0.4% during the 4th quarter. California State Teachers Retirement System now owns 87,089 shares of the company's stock valued at $3,860,000 after buying an additional 383 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its position in Wayfair by 577.0% during the fourth quarter. Jones Financial Companies Lllp now owns 589 shares of the company's stock worth $26,000 after buying an additional 502 shares in the last quarter. Institutional investors and hedge funds own 89.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on W. Needham & Company LLC restated a "buy" rating and issued a $50.00 price target on shares of Wayfair in a research note on Friday, February 21st. JPMorgan Chase & Co. decreased their target price on Wayfair from $63.00 to $50.00 and set an "overweight" rating for the company in a research note on Monday, March 10th. Raymond James set a $60.00 price target on shares of Wayfair and gave the company a "strong-buy" rating in a research note on Friday, February 21st. Jefferies Financial Group upgraded shares of Wayfair from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $45.00 to $47.00 in a research report on Friday, March 7th. Finally, Canaccord Genuity Group dropped their target price on shares of Wayfair from $76.00 to $68.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Fourteen analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Wayfair presently has a consensus rating of "Moderate Buy" and a consensus target price of $56.81.

Wayfair Company Profile

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.

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