Wayfair Inc (NYSE:W) COO Thomas Netzer sold 1,000 shares of the company’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $250.00, for a total transaction of $250,000.00. Following the transaction, the chief operating officer now owns 13,772 shares of the company’s stock, valued at approximately $3,443,000. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

NYSE:W opened at $266.09 on Friday. The stock has a market capitalization of $25.18 billion, a P/E ratio of -23.14 and a beta of 3.37. The company has a 50 day moving average price of $213.24 and a 200 day moving average price of $130.28. Wayfair Inc has a fifty-two week low of $21.70 and a fifty-two week high of $267.43.

Wayfair (NYSE:W) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($2.30) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($2.60) by $0.30. The company had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.31 billion. The business’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same period in the previous year, the business posted ($1.62) EPS. On average, equities analysts predict that Wayfair Inc will post -6.14 earnings per share for the current year.

Hedge funds have recently modified their holdings of the business. APG Asset Management N.V. boosted its position in Wayfair by 4.7% in the 1st quarter. APG Asset Management N.V. now owns 41,500 shares of the company’s stock valued at $2,218,000 after buying an additional 1,867 shares during the period. Swiss National Bank boosted its position in Wayfair by 24.8% in the 1st quarter. Swiss National Bank now owns 242,437 shares of the company’s stock valued at $12,956,000 after buying an additional 48,200 shares during the period. IBM Retirement Fund purchased a new position in Wayfair in the 2nd quarter valued at approximately $304,000. Norges Bank purchased a new position in Wayfair in the 4th quarter valued at approximately $37,632,000. Finally, US Bancorp DE boosted its position in Wayfair by 130.4% in the 1st quarter. US Bancorp DE now owns 979 shares of the company’s stock valued at $53,000 after buying an additional 554 shares during the period. 88.20% of the stock is owned by institutional investors.

A number of research firms have commented on W. Barclays increased their price objective on shares of Wayfair from $56.00 to $153.00 and gave the company an “underweight” rating in a report on Thursday, May 7th. Zacks Investment Research downgraded shares of Wayfair from a “buy” rating to a “hold” rating and set a $234.00 price objective for the company. in a report on Monday, July 27th. Cowen increased their price objective on shares of Wayfair from $100.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Stifel Nicolaus downgraded shares of Wayfair from a “hold” rating to a “sell” rating and increased their price objective for the company from $115.00 to $135.00 in a report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Wayfair from $63.00 to $135.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. Seven research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $161.00.

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.

See Also: Hold Rating

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

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.