Wayfair Inc. (NYSE:W – Get Free Report) Director Anke Schaferkordt sold 348 shares of the stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $58.81, for a total transaction of $20,465.88. Following the sale, the director now directly owns 13,251 shares of the company’s stock, valued at approximately $779,291.31. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Wayfair Stock Up 8.4 %
NYSE W opened at $63.59 on Monday. Wayfair Inc. has a one year low of $33.85 and a one year high of $90.71. The company has a 50-day simple moving average of $59.92 and a 200-day simple moving average of $55.29.
Wayfair (NYSE:W – Get Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The company reported ($1.46) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.54) by $0.08. The company had revenue of $3.11 billion for the quarter, compared to analyst estimates of $3.10 billion. As a group, equities analysts anticipate that Wayfair Inc. will post -3.37 earnings per share for the current year.
Wall Street Analysts Forecast Growth
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Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of W. Commonwealth Equity Services LLC raised its holdings in Wayfair by 5.5% during the third quarter. Commonwealth Equity Services LLC now owns 10,274 shares of the company’s stock worth $622,000 after purchasing an additional 537 shares in the last quarter. Raymond James & Associates raised its stake in shares of Wayfair by 9.3% in the 3rd quarter. Raymond James & Associates now owns 5,730 shares of the company’s stock worth $347,000 after buying an additional 486 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Wayfair by 2.9% in the third quarter. Bank of New York Mellon Corp now owns 273,523 shares of the company’s stock valued at $16,567,000 after buying an additional 7,719 shares during the period. Rothschild & Co Wealth Management UK Ltd boosted its stake in Wayfair by 13.7% during the third quarter. Rothschild & Co Wealth Management UK Ltd now owns 197,267 shares of the company’s stock valued at $11,948,000 after buying an additional 23,733 shares in the last quarter. Finally, BluePath Capital Management LLC bought a new position in Wayfair during the third quarter valued at about $34,000. Institutional investors 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.
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