Wayfair (NYSE:W) CTO Fiona Tan Sells 8,000 Shares of Company Stock

Wayfair Inc. (NYSE:W) CTO Fiona Tan sold 8,000 shares of Wayfair stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $125.00, for a total value of $1,000,000.00. Following the completion of the transaction, the chief technology officer directly owned 188,698 shares in the company, valued at $23,587,250. This trade represents a 4.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Fiona Tan also recently made the following trade(s):

• On Thursday, November 5th, Fiona Tan sold 7,000 shares of Wayfair stock. The shares were sold at an average price of $122.73, for a total transaction of $859,110.00.
• On Tuesday, October 20th, Fiona Tan sold 8,000 shares of Wayfair stock. The shares were sold at an average price of $115.00, for a total value of $920,000.00.
• On Thursday, October 1st, Fiona Tan sold 7,000 shares of Wayfair stock. The shares were sold at an average price of $102.18, for a total value of $715,260.00.

Wayfair Stock Down 1.1%

W opened at $112.08 on Friday. The company has a market cap of $14.79 billion, a PE ratio of -89.67, a P/E/G ratio of 4.07 and a beta of 3.10. Wayfair Inc. has a 52 week low of $55.60 and a 52 week high of $127.99. The business has a 50 day moving average price of $105.88 and a two-hundred day moving average price of $89.19.

Wayfair (NYSE:W) last posted its earnings results on Wednesday, November 4th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.13. The business had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.38 billion. Wayfair had a negative return on equity of 3.40% and a negative net margin of 2.49%. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.70 earnings per share. As a group, sell-side analysts expect that Wayfair Inc. will post 0.97 EPS for the current fiscal year.

Hedge Funds Weigh In On Wayfair

Several hedge funds and other institutional investors have recently added to or reduced their stakes in W. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Wayfair during the second quarter worth $2,001,000. Baird Financial Group Inc. bought a new stake in shares of Wayfair during the 2nd quarter worth $16,362,000. WINTON GROUP Ltd purchased a new position in Wayfair in the 2nd quarter worth $3,207,000. Assenagon Asset Management S.A. increased its position in shares of Wayfair by 42.2% in the second quarter. Assenagon Asset Management S.A. now owns 818,591 shares of the company’s stock valued at $75,654,000 after acquiring an additional 242,791 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Wayfair during the 2nd quarter valued at about $2,874,000. 89.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on W shares. Evercore restated an “outperform” rating and set a $130.00 price target on shares of Wayfair in a research note on Wednesday, August 5th. The Goldman Sachs Group reiterated a “neutral” rating on shares of Wayfair in a report on Wednesday, August 5th. Piper Sandler lifted their price objective on shares of Wayfair from $133.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 20th. Sanford C. Bernstein upped their price target on Wayfair from $125.00 to $140.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, BNP Paribas Exane boosted their price objective on shares of Wayfair from $108.00 to $134.00 and gave the stock a “neutral” rating in a research report on Thursday. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $128.57.

Trending Headlines about Wayfair

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Wayfair’s third-quarter results beat estimates: earnings were $0.93 per share versus $0.80 expected, and revenue was $3.42 billion versus $3.38 billion expected. U.S. sales grew 11.4%, with improved advertising leverage and market-share gains contributing to the performance. Wayfair Q3 Earnings Beat on U.S. Growth and Ad Cost Leverage
• Positive Sentiment: Analysts raised targets following the results. Notable moves included UBS to $165 with a Buy rating, Needham to $145 with a Buy rating, and Wells Fargo to $140 with an Overweight rating; Deutsche Bank lifted its target to $140 but maintained Hold. Wayfair analyst coverage
• Neutral Sentiment: CTO Fiona Tan sold 15,000 shares across November 4–5 for about $1.86 million. The sales were made under a pre-arranged Rule 10b5-1 plan, and she retained 181,698 shares, making the transactions a less direct indicator of her near-term view of the stock. SEC Form 4 filing
• Negative Sentiment: Management expects higher holiday advertising spending in the fourth quarter. Although Wayfair forecast high-single-digit revenue growth and a 6%–7% adjusted EBITDA margin, increased marketing costs could weigh on near-term profitability. Wayfair forecasts Q4 growth and adjusted EBITDA margin

About Wayfair

Wayfair Inc is an e-commerce company that sells furniture, home furnishings and related products through digital platforms. Its selection includes furniture, décor, lighting, rugs, mattresses, kitchen and dining products, housewares, home improvement items, outdoor furnishings and other goods for residential and commercial spaces.

The company operates a portfolio of online brands and retail websites, including Wayfair, Joss & Main, AllModern, Birch Lane and Perigold. These brands are designed to serve different customer preferences, price points and areas of the home-furnishings market.