Steve Oblak Sells 3,105 Shares of Wayfair Inc (NYSE:W) Stock

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Wayfair Inc (NYSE:W) insider Steve Oblak sold 3,105 shares of the firm’s stock in a transaction dated Sunday, September 15th. The stock was sold at an average price of $129.38, for a total value of $401,724.90. Following the completion of the sale, the insider now directly owns 135,045 shares of the company’s stock, valued at approximately $17,472,122.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of NYSE:W opened at $128.67 on Friday. Wayfair Inc has a 12-month low of $76.60 and a 12-month high of $173.72. The company has a market capitalization of $12.34 billion, a PE ratio of -22.94 and a beta of 1.93. The business has a 50 day moving average of $119.87 and a two-hundred day moving average of $143.48.

Wayfair (NYSE:W) last announced its quarterly earnings results on Thursday, August 1st. The company reported ($1.35) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($1.97) by $0.62. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same period in the previous year, the firm posted ($0.77) earnings per share. The company’s revenue was up 41.6% compared to the same quarter last year. On average, equities research analysts anticipate that Wayfair Inc will post -9.43 EPS for the current year.

Large investors have recently made changes to their positions in the business. FMR LLC grew its position in shares of Wayfair by 2.0% in the 1st quarter. FMR LLC now owns 9,454,927 shares of the company’s stock worth $1,403,584,000 after buying an additional 184,311 shares during the period. Baillie Gifford & Co. lifted its stake in shares of Wayfair by 14.2% in the 2nd quarter. Baillie Gifford & Co. now owns 3,992,065 shares of the company’s stock valued at $582,841,000 after purchasing an additional 497,644 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Wayfair by 1.7% in the 2nd quarter. Janus Henderson Group PLC now owns 2,305,740 shares of the company’s stock valued at $336,638,000 after purchasing an additional 39,445 shares during the last quarter. FIL Ltd acquired a new position in shares of Wayfair in the 1st quarter valued at $272,369,000. Finally, Bares Capital Management Inc. lifted its stake in shares of Wayfair by 4.4% in the 2nd quarter. Bares Capital Management Inc. now owns 1,663,326 shares of the company’s stock valued at $242,846,000 after purchasing an additional 70,137 shares during the last quarter. 75.98% of the stock is owned by institutional investors.

W has been the subject of several recent analyst reports. Piper Jaffray Companies set a $175.00 price target on Wayfair and gave the stock a “buy” rating in a report on Friday, July 19th. Deutsche Bank lowered their price target on Wayfair from $175.00 to $160.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Needham & Company LLC initiated coverage on Wayfair in a report on Monday, July 1st. They issued a “buy” rating and a $175.00 price target for the company. Goldman Sachs Group assumed coverage on Wayfair in a report on Tuesday, September 3rd. They issued a “buy” rating and a $145.00 price target for the company. Finally, Zacks Investment Research raised Wayfair from a “sell” rating to a “hold” rating and set a $138.00 target price for the company in a report on Saturday, September 14th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and fifteen have given a buy rating to the stock. Wayfair has an average rating of “Buy” and a consensus target price of $155.59.

Wayfair Company Profile

Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. It provides approximately 14 million products for the home sector under various brands. The company offers selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold.

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