Wayfair Inc. (NYSE:W – Get Free Report) CTO Fiona Tan sold 10,040 shares of Wayfair stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $53.06, for a total value of $532,722.40. Following the transaction, the chief technology officer now owns 84,655 shares of the company’s stock, valued at $4,491,794.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Wayfair Trading Up 6.5 %
Shares of Wayfair stock opened at $55.82 on Friday. The company has a fifty day moving average price of $46.85 and a 200 day moving average price of $54.35. Wayfair Inc. has a twelve month low of $38.02 and a twelve month high of $76.18. The stock has a market cap of $6.72 billion, a price-to-earnings ratio of -10.41 and a beta of 3.42.
Wayfair (NYSE:W – Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). The company had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.18 billion. During the same period last year, the business posted ($1.27) earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year. Analysts forecast that Wayfair Inc. will post -2.68 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Report on Wayfair
Institutional Trading of Wayfair
A number of institutional investors have recently added to or reduced their stakes in the business. Riverview Trust Co purchased a new position in Wayfair in the 1st quarter valued at about $27,000. ORG Partners LLC purchased a new position in Wayfair in the 1st quarter valued at about $37,000. International Assets Investment Management LLC purchased a new position in Wayfair in the 2nd quarter valued at about $58,000. Comerica Bank boosted its position in Wayfair by 210.9% in the 1st quarter. Comerica Bank now owns 1,222 shares of the company’s stock valued at $83,000 after buying an additional 829 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust purchased a new position in Wayfair in the 2nd quarter valued at about $109,000. 89.67% of the stock is owned by hedge funds and other institutional investors.
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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