Wayfair Inc (NYSE:W) insider Steve Oblak sold 3,570 shares of the stock in a transaction that occurred on Friday, September 21st. The stock was sold at an average price of $136.24, for a total value of $486,376.80. Following the sale, the insider now directly owns 116,325 shares in the company, valued at approximately $15,848,118. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Steve Oblak also recently made the following trade(s):
- On Monday, September 17th, Steve Oblak sold 4,678 shares of Wayfair stock. The stock was sold at an average price of $146.62, for a total value of $685,888.36.
- On Wednesday, August 1st, Steve Oblak sold 225 shares of Wayfair stock. The stock was sold at an average price of $109.36, for a total value of $24,606.00.
- On Friday, July 6th, Steve Oblak sold 3,570 shares of Wayfair stock. The stock was sold at an average price of $118.32, for a total value of $422,402.40.
Shares of W opened at $141.72 on Thursday. Wayfair Inc has a 52 week low of $55.33 and a 52 week high of $151.20. The firm has a market capitalization of $12.35 billion, a PE ratio of -50.61 and a beta of 1.52. The company has a debt-to-equity ratio of -2.47, a current ratio of 0.89 and a quick ratio of 0.86.
Wayfair (NYSE:W) last announced its quarterly earnings results on Thursday, August 2nd. The company reported ($0.77) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.73) by ($0.04). Wayfair had a negative net margin of 6.28% and a negative return on equity of 31,507.11%. The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the previous year, the company posted ($0.26) earnings per share. The firm’s revenue was up 47.4% on a year-over-year basis. analysts expect that Wayfair Inc will post -5.17 EPS for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Wayfair by 43.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,318 shares of the company’s stock valued at $394,000 after acquiring an additional 1,002 shares during the last quarter. Swiss National Bank lifted its stake in shares of Wayfair by 46.0% in the 2nd quarter. Swiss National Bank now owns 100,600 shares of the company’s stock valued at $11,947,000 after acquiring an additional 31,700 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Wayfair by 6.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 159,649 shares of the company’s stock valued at $18,960,000 after acquiring an additional 9,588 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Wayfair by 92.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 6,810 shares of the company’s stock valued at $808,000 after acquiring an additional 3,280 shares during the last quarter. Finally, Comerica Bank bought a new position in shares of Wayfair in the 2nd quarter valued at $255,000. Institutional investors own 72.43% of the company’s stock.
Several equities research analysts have weighed in on W shares. Buckingham Research upped their target price on Wayfair from $137.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, August 3rd. Zacks Investment Research upgraded Wayfair from a “sell” rating to a “hold” rating in a research note on Saturday, July 7th. Canaccord Genuity restated a “buy” rating and set a $140.00 target price on shares of Wayfair in a research note on Wednesday, August 8th. Oppenheimer upped their target price on Wayfair to $120.00 and gave the stock an “outperform” rating in a research note on Friday, June 8th. Finally, Gordon Haskett cut Wayfair from an “accumulate” rating to a “hold” rating in a research note on Wednesday, July 25th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $121.50.
Wayfair Company Profile
Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. The company offers approximately 10 million products for the home sector under various brands. It offers a selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, such as Wayfair, Joss & Main, AllModern, DwellStudio, Perigold, and Birch Lane.
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