Wayfair Inc. (W) Insider Sells $110,805.00 in Stock

Wayfair Inc. (NYSE:W) insider Nicholas Malone sold 1,500 shares of the firm’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $73.87, for a total transaction of $110,805.00. Following the completion of the sale, the insider now owns 5,248 shares of the company’s stock, valued at $387,669.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Nicholas Malone also recently made the following trade(s):

  • On Monday, July 3rd, Nicholas Malone sold 244 shares of Wayfair stock. The stock was sold at an average price of $76.86, for a total transaction of $18,753.84.
  • On Wednesday, June 7th, Nicholas Malone sold 1,500 shares of Wayfair stock. The stock was sold at an average price of $69.58, for a total transaction of $104,370.00.
  • On Friday, May 5th, Nicholas Malone sold 1,500 shares of Wayfair stock. The stock was sold at an average price of $48.75, for a total transaction of $73,125.00.
  • On Wednesday, April 19th, Nicholas Malone sold 4,500 shares of Wayfair stock. The stock was sold at an average price of $45.00, for a total transaction of $202,500.00.

Wayfair Inc. (W) opened at 76.375 on Monday. The stock’s market capitalization is $6.62 billion. The company has a 50-day moving average of $68.82 and a 200-day moving average of $48.02. Wayfair Inc. has a one year low of $27.60 and a one year high of $79.33.

Wayfair (NYSE:W) last released its quarterly earnings data on Tuesday, May 9th. The company reported ($0.48) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.80) by $0.32. Wayfair had a negative net margin of 5.84% and a negative return on equity of 215.36%. The firm had revenue of $960.80 million for the quarter, compared to the consensus estimate of $934.84 million. During the same period last year, the firm earned ($0.36) earnings per share. The company’s quarterly revenue was up 28.6% on a year-over-year basis. On average, equities analysts forecast that Wayfair Inc. will post ($1.56) EPS for the current fiscal year.

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A number of large investors have recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System raised its position in shares of Wayfair by 1.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 14,060 shares of the company’s stock valued at $493,000 after buying an additional 140 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Wayfair by 9.6% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,820 shares of the company’s stock valued at $114,000 after buying an additional 247 shares during the last quarter. First Personal Financial Services raised its position in Wayfair by 15.1% in the first quarter. First Personal Financial Services now owns 2,475 shares of the company’s stock valued at $100,000 after buying an additional 325 shares during the last quarter. Nationwide Fund Advisors raised its position in Wayfair by 2.1% in the first quarter. Nationwide Fund Advisors now owns 33,721 shares of the company’s stock valued at $1,365,000 after buying an additional 709 shares during the last quarter. Finally, UBS Group AG raised its position in Wayfair by 55.5% in the first quarter. UBS Group AG now owns 2,690 shares of the company’s stock valued at $109,000 after buying an additional 960 shares during the last quarter.

Several brokerages have commented on W. Piper Jaffray Companies set a $87.00 price objective on shares of Wayfair and gave the stock a “buy” rating in a report on Saturday, July 1st. Robert W. Baird restated a “neutral” rating on shares of Wayfair in a report on Monday, July 3rd. Maxim Group lowered shares of Wayfair from a “buy” rating to a “hold” rating and lifted their target price for the company from $27.60 to $76.17 in a report on Monday, June 19th. They noted that the move was a valuation call. Gordon Haskett lowered shares of Wayfair from a “buy” rating to an “accumulate” rating and lifted their target price for the company from $70.00 to $85.00 in a report on Tuesday, June 27th. Finally, Buckingham Research reiterated a “buy” rating and set a $95.00 target price (up from $72.00) on shares of Wayfair in a report on Thursday. They noted that the move was a valuation call. Eleven analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $61.03.

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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