Wayfair Inc. (NYSE:W – Get Free Report) Director Anke Schaferkordt sold 397 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $40.92, for a total transaction of $16,245.24. Following the completion of the sale, the director now directly owns 12,434 shares of the company’s stock, valued at $508,799.28. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Wayfair Stock Performance
Shares of W stock opened at $39.78 on Friday. The firm’s 50 day moving average is $48.57 and its 200 day moving average is $52.03. Wayfair Inc. has a 12 month low of $37.60 and a 12 month high of $76.18.
Wayfair (NYSE:W – Get Free Report) last announced its quarterly earnings results on Friday, November 1st. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.09. The business had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.87 billion. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.38) earnings per share. On average, equities research analysts predict that Wayfair Inc. will post -2.68 earnings per share for the current year.
Analysts Set New Price Targets
Read Our Latest Stock Report on W
Institutional Trading of Wayfair
A number of institutional investors have recently modified their holdings of W. Vanguard Group Inc. raised its position in shares of Wayfair by 4.5% during the 1st quarter. Vanguard Group Inc. now owns 8,467,900 shares of the company’s stock valued at $574,801,000 after buying an additional 363,948 shares in the last quarter. SageView Advisory Group LLC purchased a new stake in shares of Wayfair during the 1st quarter valued at $937,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Wayfair by 250.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 167,170 shares of the company’s stock valued at $11,347,000 after buying an additional 119,415 shares in the last quarter. Sei Investments Co. raised its position in shares of Wayfair by 14.6% during the 1st quarter. Sei Investments Co. now owns 100,447 shares of the company’s stock valued at $6,818,000 after buying an additional 12,809 shares in the last quarter. Finally, Highland Peak Capital LLC purchased a new stake in shares of Wayfair during the 2nd quarter valued at $5,165,000. 89.67% of the stock is currently 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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