Wayfair Inc (NYSE:W) CFO Michael D. Fleisher sold 750 shares of the stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $147.28, for a total value of $110,460.00. Following the completion of the transaction, the chief financial officer now owns 126,698 shares in the company, valued at approximately $18,660,081.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Wayfair stock opened at $150.11 on Friday. Wayfair Inc has a twelve month low of $76.60 and a twelve month high of $173.72. The stock’s 50 day moving average is $149.09. The firm has a market cap of $13.76 billion, a PE ratio of -26.76 and a beta of 1.89.
Wayfair (NYSE:W) last posted its quarterly earnings data on Thursday, May 2nd. The company reported ($1.62) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($0.02). The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same period last year, the firm earned ($0.91) earnings per share. The company’s revenue for the quarter was up 38.5% compared to the same quarter last year. Research analysts predict that Wayfair Inc will post -8.34 EPS for the current fiscal year.
A number of institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its position in Wayfair by 40.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 294 shares of the company’s stock worth $45,000 after acquiring an additional 84 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in shares of Wayfair by 1.1% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 12,182 shares of the company’s stock worth $1,097,000 after buying an additional 135 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of Wayfair by 1.8% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 8,090 shares of the company’s stock worth $1,201,000 after buying an additional 140 shares in the last quarter. Adalta Capital Management LLC raised its stake in shares of Wayfair by 0.7% during the 4th quarter. Adalta Capital Management LLC now owns 23,305 shares of the company’s stock worth $2,100,000 after buying an additional 155 shares in the last quarter. Finally, Gulf International Bank UK Ltd raised its stake in shares of Wayfair by 1.8% during the 1st quarter. Gulf International Bank UK Ltd now owns 15,065 shares of the company’s stock worth $2,236,000 after buying an additional 265 shares in the last quarter. 80.19% of the stock is owned by institutional investors.
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.
Further Reading: Why Invest in Dividend Achievers?
Receive News & Ratings for Wayfair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wayfair and related companies with MarketBeat.com's FREE daily email newsletter.