Michael D. Fleisher Sells 3,330 Shares of Wayfair Inc (W) Stock

Wayfair Inc (NYSE:W) CFO Michael D. Fleisher sold 3,330 shares of the firm’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $88.58, for a total value of $294,971.40. Following the transaction, the chief financial officer now directly owns 59,905 shares of the company’s stock, valued at approximately $5,306,384.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of Wayfair Inc (W) traded up $2.80 during trading hours on Monday, hitting $90.64. The stock had a trading volume of 2,505,963 shares, compared to its average volume of 1,415,712. The stock has a market capitalization of $7,960.00, a P/E ratio of -36.40 and a beta of 0.96. The company has a debt-to-equity ratio of 135.98, a quick ratio of 1.17 and a current ratio of 1.19. Wayfair Inc has a twelve month low of $35.36 and a twelve month high of $91.49.

Wayfair (NYSE:W) last announced its quarterly earnings data on Thursday, November 2nd. The company reported ($0.65) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.68) by $0.03. Wayfair had a negative return on equity of 658.45% and a negative net margin of 5.06%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the previous year, the business earned ($0.54) earnings per share. The business’s revenue for the quarter was up 39.1% on a year-over-year basis. research analysts forecast that Wayfair Inc will post -2.78 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of the business. BNP Paribas Arbitrage SA grew its position in Wayfair by 96.2% during 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 during the period. State Board of Administration of Florida Retirement System grew its position in Wayfair by 1.6% during the third quarter. State Board of Administration of Florida Retirement System now owns 51,345 shares of the company’s stock valued at $3,461,000 after acquiring an additional 800 shares during the period. DF Dent & Co. Inc. grew its position in Wayfair by 19.1% during the third quarter. DF Dent & Co. Inc. now owns 8,391 shares of the company’s stock valued at $566,000 after acquiring an additional 1,343 shares during the period. Delta Asset Management LLC TN grew its position in Wayfair by 375.0% during the third quarter. Delta Asset Management LLC TN now owns 1,900 shares of the company’s stock valued at $128,000 after acquiring an additional 1,500 shares during the period. Finally, Aperio Group LLC grew its position in Wayfair by 59.6% during the third quarter. Aperio Group LLC now owns 4,516 shares of the company’s stock valued at $304,000 after acquiring an additional 1,687 shares during the period. 66.67% of the stock is owned by hedge funds and other institutional investors.

W has been the subject of several recent research reports. KeyCorp reissued a “hold” rating on shares of Wayfair in a research report on Friday, September 29th. Wedbush reissued an “outperform” rating on shares of Wayfair in a research report on Wednesday, December 27th. Moffett Nathanson initiated coverage on Wayfair in a research report on Monday, December 4th. They set a “buy” rating for the company. Bank of America downgraded Wayfair from a “buy” rating to a “neutral” rating and set a $88.00 price target for the company. in a research report on Wednesday, January 3rd. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $89.00 price target on shares of Wayfair in a research report on Wednesday, December 13th. Twelve equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Wayfair currently has a consensus rating of “Buy” and an average price target of $77.64.

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About Wayfair

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.

Insider Buying and Selling by Quarter for Wayfair (NYSE:W)

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