Michael D. Fleisher Sells 516 Shares of Wayfair Inc. (W) Stock
Wayfair Inc. (NYSE:W) CFO Michael D. Fleisher sold 516 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $79.86, for a total transaction of $41,207.76. Following the sale, the chief financial officer now owns 41,893 shares of the company’s stock, valued at $3,345,574.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Wayfair Inc. (NYSE W) traded down 0.46% on Tuesday, reaching $79.92. 838,048 shares of the company were exchanged. The stock’s market capitalization is $6.97 billion. Wayfair Inc. has a 1-year low of $27.60 and a 1-year high of $83.36. The company has a 50-day moving average price of $73.24 and a 200 day moving average price of $61.89.
Wayfair (NYSE:W) last issued its quarterly earnings data on Tuesday, August 8th. The company reported ($0.26) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.69) by $0.43. Wayfair had a negative net margin of 5.10% and a negative return on equity of 335.44%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the company earned ($0.43) earnings per share. Wayfair’s revenue for the quarter was up 42.7% on a year-over-year basis. On average, analysts forecast that Wayfair Inc. will post ($1.45) EPS for the current fiscal year.
Large investors have recently modified their holdings of the business. BNP Paribas Arbitrage SA grew its position in Wayfair by 96.2% in the second quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock valued at $105,000 after acquiring an additional 667 shares in the last quarter. UBS Group AG grew its position in Wayfair by 55.5% in the first quarter. UBS Group AG now owns 2,690 shares of the company’s stock valued at $109,000 after acquiring an additional 960 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in Wayfair in the first quarter valued at approximately $110,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in Wayfair by 9.6% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,820 shares of the company’s stock valued at $114,000 after acquiring an additional 247 shares in the last quarter. Finally, FNY Partners Fund LP grew its position in Wayfair by 2,900.0% in the first quarter. FNY Partners Fund LP now owns 3,000 shares of the company’s stock valued at $121,000 after acquiring an additional 2,900 shares in the last quarter. 66.15% of the stock is owned by institutional investors.
A number of equities research analysts have weighed in on W shares. Gordon Haskett cut shares of Wayfair from a “buy” rating to an “accumulate” rating and lifted their price target for the company from $70.00 to $85.00 in a research report on Tuesday, June 27th. Piper Jaffray Companies set a $87.00 price target on shares of Wayfair and gave the company a “buy” rating in a research report on Saturday, July 1st. Buckingham Research reiterated a “buy” rating and set a $95.00 price target (up from $72.00) on shares of Wayfair in a research report on Thursday, July 13th. They noted that the move was a valuation call. Canaccord Genuity reiterated a “buy” rating on shares of Wayfair in a research report on Tuesday, August 8th. Finally, BidaskClub cut shares of Wayfair from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 4th. Ten research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $72.84.
Wayfair Company Profile
Wayfair Inc (Wayfair) offers browsing, merchandising and product discovery for a range of products from various suppliers. The Company operates through two segments: U.S. and International. The U.S. segment consists of amounts earned through product sales through the Company’s five sites in the United States and through sites operated by third parties in the United States.
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