Wayfair Inc (NYSE:W) CTO John Champlin Mulliken sold 1,388 shares of the firm’s stock in a transaction on Monday, October 15th. The stock was sold at an average price of $118.00, for a total transaction of $163,784.00. Following the sale, the chief technology officer now owns 6,614 shares in the company, valued at $780,452. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
John Champlin Mulliken also recently made the following trade(s):
- On Monday, September 17th, John Champlin Mulliken sold 4,788 shares of Wayfair stock. The shares were sold at an average price of $146.56, for a total transaction of $701,729.28.
Shares of W opened at $123.26 on Friday. Wayfair Inc has a one year low of $55.33 and a one year high of $151.20. The stock has a market capitalization of $13.24 billion, a PE ratio of -44.02 and a beta of 1.51. The company has a quick ratio of 0.86, a current ratio of 0.89 and a debt-to-equity ratio of -2.47.
Wayfair (NYSE:W) last announced its quarterly earnings data on Thursday, August 2nd. The company reported ($0.77) EPS for the quarter, missing analysts’ consensus estimates of ($0.73) by ($0.04). The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same period in the previous year, the business posted ($0.26) earnings per share. Wayfair’s revenue for the quarter was up 47.4% on a year-over-year basis. On average, research analysts forecast that Wayfair Inc will post -5.17 earnings per share for the current fiscal year.
W has been the topic of several recent research reports. Loop Capital set a $155.00 price target on shares of Wayfair and gave the company a “buy” rating in a research note on Monday, September 10th. Canaccord Genuity reiterated a “buy” rating and issued a $165.00 price target (up from $140.00) on shares of Wayfair in a research note on Friday, September 28th. MKM Partners lifted their price target on shares of Wayfair from $130.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, September 27th. Buckingham Research lifted their price target on shares of Wayfair from $137.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, August 3rd. Finally, Bank of America lowered shares of Wayfair from a “buy” rating to a “neutral” rating and lifted their price target for the company from $130.00 to $160.00 in a research note on Thursday, September 13th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $126.81.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Engineers Gate Manager LP bought a new stake in shares of Wayfair during the 2nd quarter worth about $208,000. Peregrine Asset Advisers Inc. bought a new stake in shares of Wayfair during the 2nd quarter worth about $214,000. World Asset Management Inc bought a new stake in shares of Wayfair during the 2nd quarter worth about $214,000. Comerica Bank bought a new stake in shares of Wayfair during the 2nd quarter worth about $255,000. Finally, BB&T Securities LLC bought a new stake in shares of Wayfair during the 2nd quarter worth about $298,000. 72.43% of the stock is owned by institutional investors.
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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