Today: The Insider Selling: Wayfair Inc. (W) SVP Sold $39,474.00 in Stock

The Insider Selling: Wayfair Inc. (W) SVP Sold $39,474.00 in Stock

Wayfair Inc. (NYSE:W) SVP Steve Oblak sold 1,020 shares of the firm’s stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $38.70, for a total transaction of $39,474.00. Following the completion of the sale, the senior vice president now owns 97,878 shares in the company, valued at approximately $3,787,878.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Steve Oblak also recently made the following trade(s): On Monday, September 19th, Steve Oblak sold 2,520 shares of Wayfair stock. The stock was sold at an average price of $40.06, for a total transaction of $100,951.20. On Tuesday, September 6th, Steve Oblak sold 1,125 shares of Wayfair stock. The stock was sold at an average price of $39.22, for a total transaction of $44,122.50. On Monday, August 22nd, Steve Oblak sold 375 shares of Wayfair stock. The stock was sold at an average price of $38.10, for a total transaction of $14,287.50. On Monday, August 15th, Steve Oblak sold 388 shares of Wayfair stock. The stock was sold at an average price of $39.44, for a total transaction of $15,302.72. On Monday, August 8th, Steve Oblak sold 500 shares of Wayfair stock. The stock was sold at an average price of $48.08, for a total transaction of $24,040.00. On Monday, July 25th, Steve Oblak sold 500 shares of Wayfair stock. The stock was sold at an average price of $39.92, for a total transaction of $19,960.00. On Monday, July 11th, Steve Oblak sold 500 shares of Wayfair stock. The stock was sold at an average price of $40.38, for a total transaction of $20,190.00.

Wayfair Inc. (NYSE:W) opened at 37.99 on Monday. The stock’s market capitalization is $3.23 billion. The company’s 50 day moving average is $39.65 and its 200-day moving average is $40.14. Wayfair Inc. has a 1-year low of $28.85 and a 1-year high of $50.00.

Wayfair (NYSE:W) last announced its quarterly earnings results on Tuesday, August 9th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.41) by $0.02. Wayfair had a negative return on equity of 56.95% and a negative net margin of 4.20%. The firm had revenue of $755.70 million for the quarter, compared to analysts’ expectations of $782.43 million. During the same period last year, the company posted ($0.15) earnings per share. The business’s quarterly revenue was up 60.0% on a year-over-year basis. Analysts forecast that Wayfair Inc. will post ($1.67) earnings per share for the current fiscal year.

Several analysts have recently commented on W shares. Longbow Research started coverage on shares of Wayfair in a research report on Thursday, June 16th. They set a “neutral” rating on the stock. Cowen and Company restated a “buy” rating and set a $61.00 price objective on shares of Wayfair in a research report on Tuesday, June 21st. Vetr downgraded shares of Wayfair from a “strong-buy” rating to a “buy” rating and set a $46.67 price objective on the stock. in a research report on Wednesday, June 22nd. Zacks Investment Research upgraded shares of Wayfair from a “sell” rating to a “hold” rating in a research report on Saturday, July 9th. Finally, Veritas Investment Research restated a “hold” rating on shares of Wayfair in a research report on Friday, August 5th. Fourteen investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $51.42.

A number of hedge funds have recently made changes to their positions in the company. BNP Paribas Arbitrage SA boosted its position in Wayfair by 112.9% in the third quarter. BNP Paribas Arbitrage SA now owns 2,629 shares of the company’s stock worth $104,000 after buying an additional 1,394 shares in the last quarter. BlackRock Inc. boosted its position in Wayfair by 70.0% in the second quarter. BlackRock Inc. now owns 2,689 shares of the company’s stock worth $105,000 after buying an additional 1,107 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new position in Wayfair during the second quarter worth $107,000. Legal & General Group Plc boosted its position in Wayfair by 46.8% in the first quarter. Legal & General Group Plc now owns 2,957 shares of the company’s stock worth $124,000 after buying an additional 943 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its position in Wayfair by 42.4% in the second quarter. Teacher Retirement System of Texas now owns 3,905 shares of the company’s stock worth $152,000 after buying an additional 1,163 shares in the last quarter. 71.84% of the stock is currently owned by hedge funds and other institutional investors.

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