Wayfair Inc (NYSE:W) CTO James R. Miller sold 328 shares of the business’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $225.00, for a total value of $73,800.00. Following the completion of the transaction, the chief technology officer now directly owns 22,902 shares of the company’s stock, valued at $5,152,950. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
NYSE:W opened at $223.76 on Friday. The stock’s 50 day moving average price is $190.47 and its two-hundred day moving average price is $116.38. The firm has a market capitalization of $21.66 billion, a price-to-earnings ratio of -19.46 and a beta of 3.37. Wayfair Inc has a 12-month low of $21.70 and a 12-month high of $230.92.
Wayfair (NYSE:W) last released its quarterly earnings data on Tuesday, May 5th. The company reported ($2.30) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.60) by $0.30. The business had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.31 billion. Wayfair’s quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.62) EPS. On average, equities research analysts forecast that Wayfair Inc will post -6.22 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Modus Advisors LLC bought a new position in shares of Wayfair during the second quarter worth approximately $27,000. Nissay Asset Management Corp Japan ADV increased its stake in Wayfair by 3.0% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 5,647 shares of the company’s stock worth $510,000 after acquiring an additional 164 shares during the period. Skandinaviska Enskilda Banken AB publ increased its stake in Wayfair by 2.3% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 9,500 shares of the company’s stock worth $859,000 after acquiring an additional 217 shares during the period. Standard Life Aberdeen plc increased its stake in Wayfair by 6.6% during the 4th quarter. Standard Life Aberdeen plc now owns 3,520 shares of the company’s stock worth $318,000 after acquiring an additional 217 shares during the period. Finally, Comerica Bank increased its stake in Wayfair by 14.9% during the 1st quarter. Comerica Bank now owns 2,727 shares of the company’s stock worth $334,000 after acquiring an additional 353 shares during the period. Institutional investors own 88.27% of the company’s stock.
Several research firms have recently weighed in on W. Goldman Sachs Group upped their price objective on Wayfair from $85.00 to $94.00 and gave the stock a “buy” rating in a research report on Friday, April 10th. Oppenheimer began coverage on Wayfair in a research report on Tuesday, June 16th. They set a “buy” rating and a $200.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on Wayfair from $63.00 to $135.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. Bank of America raised Wayfair from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $89.00 to $103.00 in a research report on Tuesday, April 7th. Finally, Robert W. Baird upped their price objective on Wayfair from $190.00 to $225.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 7th. Eight analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the stock. Wayfair has an average rating of “Hold” and a consensus price target of $141.87.
Wayfair Company Profile
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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