Insider Selling: Wayfair Inc. (W) SVP Sells 406 Shares of Stock

Wayfair Inc. (NYSE:W) SVP Steve Oblak sold 406 shares of Wayfair stock in a transaction on Monday, October 16th. The shares were sold at an average price of $71.33, for a total transaction of $28,959.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Monday, October 23rd, Steve Oblak sold 300 shares of Wayfair stock. The shares were sold at an average price of $67.47, for a total transaction of $20,241.00.
  • On Monday, October 9th, Steve Oblak sold 300 shares of Wayfair stock. The shares were sold at an average price of $68.84, for a total transaction of $20,652.00.
  • On Monday, October 2nd, Steve Oblak sold 237 shares of Wayfair stock. The shares were sold at an average price of $67.21, for a total transaction of $15,928.77.
  • On Monday, September 25th, Steve Oblak sold 300 shares of Wayfair stock. The shares were sold at an average price of $74.36, for a total transaction of $22,308.00.
  • On Friday, September 15th, Steve Oblak sold 4,174 shares of Wayfair stock. The stock was sold at an average price of $79.92, for a total transaction of $333,586.08.
  • On Monday, September 11th, Steve Oblak sold 300 shares of Wayfair stock. The stock was sold at an average price of $77.23, for a total transaction of $23,169.00.
  • 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 transaction 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 transaction 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 transaction 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 transaction of $56,897.40.

Wayfair Inc. (NYSE:W) opened at 67.55 on Friday. The company’s 50 day moving average is $72.39 and its 200 day moving average is $67.89. The stock’s market cap is $5.89 billion. Wayfair Inc. has a 52 week low of $27.60 and a 52 week high of $84.19.

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

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A number of research analysts have recently issued reports on W shares. Piper Jaffray Companies set a $87.00 price target on shares of Wayfair and gave the stock a “buy” rating in a research note on Saturday, July 1st. Robert W. Baird reiterated a “neutral” rating on shares of Wayfair in a research note on Monday, July 3rd. Buckingham Research reiterated a “buy” rating and set a $95.00 price target (up from $72.00) on shares of Wayfair in a research note on Thursday, July 13th. They noted that the move was a valuation call. Wolfe Research assumed coverage on shares of Wayfair in a research report on Thursday, August 3rd. They set an “outperform” rating and a $88.00 target price on the stock. Finally, Oppenheimer Holdings, Inc. set a $88.00 price target on shares of Wayfair and gave the company a “buy” rating in a report on Friday, August 4th. Nine analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $77.51.

Hedge funds have recently bought and sold shares of the stock. Utah Retirement Systems acquired a new stake in shares of Wayfair during the second quarter worth approximately $539,000. Ameriprise Financial Inc. acquired a new stake in shares of Wayfair during the first quarter worth approximately $1,650,000. Old Mutual Global Investors UK Ltd. acquired a new stake in Wayfair in the second quarter valued at approximately $738,000. Baillie Gifford & Co. lifted its stake in Wayfair by 5.7% in the second quarter. Baillie Gifford & Co. now owns 1,914,674 shares of the company’s stock valued at $147,200,000 after acquiring an additional 102,460 shares during the last quarter. Finally, State of Wisconsin Investment Board acquired a new stake in Wayfair in the second quarter valued at approximately $588,000. Institutional investors and hedge funds own 65.94% of the company’s stock.

About Wayfair

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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