Insider Selling: Wayfair Inc. (W) Insider Sold $13,200.00 in Stock

Insider Selling: Wayfair Inc. (W) Insider Sold $13,200.00 in Stock

Wayfair Inc. (NYSE:W) insider Nicholas Malone sold 400 shares of Wayfair stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $33.00, for a total transaction of $13,200.00. Following the sale, the insider now owns 15,209 shares of the company’s stock, valued at $501,897. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Nicholas Malone also recently made the following trade(s): On Friday, October 7th, Nicholas Malone sold 400 shares of Wayfair stock. The stock was sold at an average price of $39.32, for a total value of $15,728.00. On Monday, October 3rd, Nicholas Malone sold 245 shares of Wayfair stock. The stock was sold at an average price of $38.40, for a total value of $9,408.00. On Wednesday, September 7th, Nicholas Malone sold 6,400 shares of Wayfair stock. The stock was sold at an average price of $43.06, for a total value of $275,584.00.

Shares of Wayfair Inc. (NYSE:W) opened at 35.75 on Monday. Wayfair Inc. has a 12 month low of $27.60 and a 12 month high of $50.00. The company’s 50-day moving average is $36.33 and its 200-day moving average is $39.00. The stock’s market capitalization is $3.05 billion.

Wayfair (NYSE:W) last issued its quarterly earnings results on Tuesday, November 8th. The company reported ($0.54) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.59) by $0.05. The business earned $861.50 million during the quarter, compared to the consensus estimate of $849.42 million. Wayfair had a negative net margin of 5.29% and a negative return on equity of 91.94%. The firm’s quarterly revenue was up 45.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.13) EPS. Equities research analysts expect that Wayfair Inc. will post ($1.84) earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of W. Samlyn Capital LLC bought a new stake in Wayfair during the first quarter worth about $31,237,000. Goldman Sachs Group Inc. increased its stake in Wayfair by 23.4% in the first quarter. Goldman Sachs Group Inc. now owns 50,569 shares of the company’s stock worth $2,185,000 after buying an additional 9,595 shares during the last quarter. Hennessy Advisors Inc. increased its stake in Wayfair by 2.9% in the second quarter. Hennessy Advisors Inc. now owns 848,327 shares of the company’s stock worth $33,085,000 after buying an additional 24,180 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in Wayfair by 27.0% in the first quarter. TIAA CREF Investment Management LLC now owns 144,046 shares of the company’s stock worth $6,226,000 after buying an additional 30,651 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in Wayfair by 4.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 555,160 shares of the company’s stock worth $23,994,000 after buying an additional 25,347 shares during the last quarter. Institutional investors and hedge funds own 71.49% of the company’s stock.

W has been the subject of several research reports. Zacks Investment Research upgraded Wayfair from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research report on Thursday, August 11th. Vetr upgraded Wayfair from a “buy” rating to a “strong-buy” rating and set a $42.28 price objective for the company in a research report on Wednesday, September 14th. Canaccord Genuity restated a “buy” rating and set a $55.00 price objective on shares of Wayfair in a research report on Tuesday, October 4th. Veritas Investment Research restated a “hold” rating on shares of Wayfair in a research report on Friday, August 5th. Finally, Bank of America Corp. downgraded Wayfair from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $54.00 to $45.00 in a research report on Wednesday, August 10th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Wayfair currently has a consensus rating of “Hold” and an average target price of $51.15.

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