Wayfair Inc. (W) SVP Sells $23,169.00 in Stock

Wayfair Inc. (NYSE:W) SVP Steve Oblak sold 300 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $77.23, for a total value of $23,169.00. Following the transaction, the senior vice president now directly owns 120,621 shares of the company’s stock, valued at $9,315,559.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Steve Oblak also recently made the following trade(s):

  • On Tuesday, September 12th, Steve Oblak sold 400 shares of Wayfair stock. The stock was sold at an average price of $77.92, for a total value of $31,168.00.
  • On Friday, September 1st, Steve Oblak sold 241 shares of Wayfair stock. The stock was sold at an average price of $71.39, for a total value of $17,204.99.
  • On Monday, August 28th, Steve Oblak sold 300 shares of Wayfair stock. The stock was sold at an average price of $69.24, for a total value of $20,772.00.
  • On Tuesday, August 15th, Steve Oblak sold 805 shares of Wayfair stock. The stock was sold at an average price of $70.68, for a total value of $56,897.40.
  • On Tuesday, August 1st, Steve Oblak sold 949 shares of Wayfair stock. The stock was sold at an average price of $75.96, for a total value of $72,086.04.
  • On Monday, July 17th, Steve Oblak sold 705 shares of Wayfair stock. The stock was sold at an average price of $76.41, for a total value of $53,869.05.
  • On Monday, July 3rd, Steve Oblak sold 948 shares of Wayfair stock. The stock was sold at an average price of $76.68, for a total value of $72,692.64.
  • On Monday, June 19th, Steve Oblak sold 4,528 shares of Wayfair stock. The stock was sold at an average price of $70.83, for a total value of $320,718.24.

Wayfair Inc. (W) traded down 0.59% during mid-day trading on Friday, reaching $79.76. The company’s stock had a trading volume of 1,637,377 shares. Wayfair Inc. has a 52-week low of $27.60 and a 52-week high of $83.36. The company’s market cap is $6.95 billion. The firm has a 50 day moving average price of $73.18 and a 200 day moving average price of $61.24.

Wayfair (NYSE:W) last announced its earnings results on Tuesday, August 8th. The company reported ($0.26) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.43. Wayfair had a negative return on equity of 335.44% and a negative net margin of 5.10%. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the business earned ($0.43) EPS. The company’s revenue was up 42.7% compared to the same quarter last year. Equities research analysts anticipate that Wayfair Inc. will post ($1.45) earnings per share for the current year.

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Several hedge funds and other institutional investors have recently made changes to their positions in W. Nationwide Fund Advisors boosted its stake in shares of Wayfair by 2.1% in the 1st quarter. Nationwide Fund Advisors now owns 33,721 shares of the company’s stock worth $1,365,000 after buying an additional 709 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Wayfair by 3.8% in the 1st quarter. Wells Fargo & Company MN now owns 41,065 shares of the company’s stock worth $1,663,000 after buying an additional 1,518 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Wayfair by 9.6% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,820 shares of the company’s stock worth $114,000 after buying an additional 247 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Wayfair by 5.6% in the 1st quarter. First Trust Advisors LP now owns 76,895 shares of the company’s stock worth $3,113,000 after buying an additional 4,058 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Wayfair by 2.5% in the 1st quarter. Bank of New York Mellon Corp now owns 129,187 shares of the company’s stock worth $5,231,000 after buying an additional 3,160 shares during the last quarter.

W has been the subject of several recent research reports. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $87.00 price objective (up from $70.00) on shares of Wayfair in a research report on Wednesday, June 14th. CIBC raised Wayfair from a “market perform” rating to an “outperform” rating in a research report on Friday, June 2nd. Maxim Group cut Wayfair from a “buy” rating to a “hold” rating and increased their price target for the company from $27.60 to $76.17 in a research report on Monday, June 19th. They noted that the move was a valuation call. Gordon Haskett cut Wayfair from a “buy” rating to an “accumulate” rating and increased their price target for the company from $70.00 to $85.00 in a research report on Tuesday, June 27th. Finally, Buckingham Research reissued a “buy” rating and set a $95.00 price target (up from $72.00) on shares of Wayfair in a research report on Thursday, July 13th. They noted that the move was a valuation call. Ten investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $72.84.

Wayfair Company Profile

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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