James R. Miller Sells 1,617 Shares of Wayfair Inc (NYSE:W) Stock

Wayfair Inc (NYSE:W) insider James R. Miller sold 1,617 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $84.09, for a total value of $135,973.53. Following the transaction, the insider now directly owns 16,076 shares in the company, valued at approximately $1,351,830.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Wayfair stock remained flat at $$83.00 on Tuesday. 1,793,077 shares of the stock were exchanged, compared to its average volume of 1,980,074. The stock has a market cap of $7.72 billion, a PE ratio of -14.80 and a beta of 1.87. The firm’s 50-day moving average price is $93.83 and its 200 day moving average price is $123.11. Wayfair Inc has a 52-week low of $78.59 and a 52-week high of $173.72.

Wayfair (NYSE:W) last posted its earnings results on Thursday, October 31st. The company reported ($2.23) EPS for the quarter, beating the Zacks’ consensus estimate of ($2.89) by $0.66. The firm had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.28 billion. The company’s revenue was up 35.2% on a year-over-year basis. During the same period in the previous year, the company earned ($1.28) EPS. On average, sell-side analysts predict that Wayfair Inc will post -10.59 EPS for the current year.

Several research analysts have commented on the company. KeyCorp restated a “hold” rating on shares of Wayfair in a report on Friday, November 1st. Wells Fargo & Co reissued a “hold” rating and set a $85.00 price target on shares of Wayfair in a research report on Thursday, October 31st. Zacks Investment Research upgraded Wayfair from a “sell” rating to a “hold” rating and set a $138.00 price target on the stock in a research note on Saturday, September 14th. Needham & Company LLC downgraded Wayfair from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Finally, Deutsche Bank lowered their price objective on shares of Wayfair from $142.00 to $104.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the stock. Wayfair presently has an average rating of “Hold” and an average target price of $134.08.

Hedge funds have recently modified their holdings of the company. Advisor Group Inc. increased its stake in Wayfair by 9.0% during the 2nd quarter. Advisor Group Inc. now owns 1,076 shares of the company’s stock valued at $156,000 after purchasing an additional 89 shares in the last quarter. World Asset Management Inc raised its stake in Wayfair by 5.5% in the 2nd quarter. World Asset Management Inc now owns 2,045 shares of the company’s stock worth $299,000 after acquiring an additional 107 shares during the last quarter. Stephens Inc. AR raised its stake in Wayfair by 5.4% in the 3rd quarter. Stephens Inc. AR now owns 2,619 shares of the company’s stock worth $294,000 after acquiring an additional 135 shares during the last quarter. Bradley Foster & Sargent Inc. CT lifted its position in Wayfair by 1.1% during the 3rd quarter. Bradley Foster & Sargent Inc. CT now owns 13,035 shares of the company’s stock worth $1,461,000 after acquiring an additional 140 shares during the period. Finally, CSat Investment Advisory L.P. acquired a new stake in Wayfair during the 2nd quarter worth about $25,000. 80.95% of the stock is currently owned by institutional investors and hedge funds.

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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