Wayfair Inc (NYSE:W) CFO Michael D. Fleisher sold 6,290 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $145.00, for a total transaction of $912,050.00. Following the completion of the transaction, the chief financial officer now owns 133,923 shares of the company’s stock, valued at $19,418,835. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Wayfair stock traded down $3.78 during trading on Wednesday, reaching $145.75. 1,222,557 shares of the stock were exchanged, compared to its average volume of 2,053,984. The firm has a market cap of $13.62 billion, a P/E ratio of -25.98 and a beta of 2.03. Wayfair Inc has a 1 year low of $60.53 and a 1 year high of $173.72.
Wayfair (NYSE:W) last posted its earnings results on Friday, February 22nd. The company reported ($1.12) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.80) by $0.68. The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.97 billion. The business’s revenue for the quarter was up 40.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.58) earnings per share. Sell-side analysts anticipate that Wayfair Inc will post -7.81 earnings per share for the current year.
Several research firms have issued reports on W. Gordon Haskett upgraded shares of Wayfair from a “hold” rating to an “accumulate” rating in a research report on Thursday, March 21st. Buckingham Research upped their price target on shares of Wayfair from $130.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, February 25th. Canaccord Genuity restated a “buy” rating and set a $175.00 price target (up from $130.00) on shares of Wayfair in a research report on Monday, February 25th. Deutsche Bank upped their price target on shares of Wayfair from $124.00 to $168.00 and gave the company a “buy” rating in a research report on Monday, February 25th. Finally, Zacks Investment Research upgraded shares of Wayfair from a “sell” rating to a “buy” rating and set a $101.00 price target for the company in a research report on Monday, January 7th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $144.63.
Institutional investors have recently bought and sold shares of the company. LS Investment Advisors LLC purchased a new stake in shares of Wayfair during the fourth quarter worth about $60,000. Brandywine Global Investment Management LLC boosted its holdings in shares of Wayfair by 7,322.2% during the fourth quarter. Brandywine Global Investment Management LLC now owns 1,336 shares of the company’s stock worth $121,000 after purchasing an additional 1,318 shares during the period. Flagship Harbor Advisors LLC boosted its holdings in shares of Wayfair by 150.5% during the first quarter. Flagship Harbor Advisors LLC now owns 932 shares of the company’s stock worth $138,000 after purchasing an additional 560 shares during the period. Enlightenment Research LLC purchased a new stake in shares of Wayfair during the fourth quarter worth about $144,000. Finally, MERIAN GLOBAL INVESTORS UK Ltd purchased a new stake in shares of Wayfair during the fourth quarter worth about $144,000. Institutional investors own 80.81% of the company’s stock.
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Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. It provides approximately 14 million products for the home sector under various brands. The company offers selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold.
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