Wayfair Inc (NYSE:W) CTO John Champlin Mulliken Sells 3,168 Shares

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Wayfair Inc (NYSE:W) CTO John Champlin Mulliken sold 3,168 shares of the company’s stock in a transaction dated Sunday, September 15th. The stock was sold at an average price of $129.38, for a total transaction of $409,875.84. Following the completion of the transaction, the chief technology officer now owns 6,614 shares in the company, valued at approximately $855,719.32. The sale was disclosed in a legal filing with the SEC, which is available through this link.

John Champlin Mulliken also recently made the following trade(s):

  • On Monday, July 15th, John Champlin Mulliken sold 1,373 shares of Wayfair stock. The stock was sold at an average price of $148.75, for a total transaction of $204,233.75.
  • On Thursday, July 11th, John Champlin Mulliken sold 1,870 shares of Wayfair stock. The stock was sold at an average price of $151.24, for a total transaction of $282,818.80.

NYSE W opened at $128.67 on Friday. Wayfair Inc has a 52 week low of $76.60 and a 52 week high of $173.72. The firm has a market capitalization of $12.34 billion, a P/E ratio of -22.94 and a beta of 1.93. The company has a 50-day moving average price of $119.87 and a 200-day moving average price of $143.48.

Wayfair (NYSE:W) last released its quarterly earnings results on Thursday, August 1st. The company reported ($1.35) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.97) by $0.62. The business had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the previous year, the company earned ($0.77) EPS. Wayfair’s revenue for the quarter was up 41.6% compared to the same quarter last year. As a group, analysts forecast that Wayfair Inc will post -9.43 EPS for the current fiscal year.

Several equities analysts have issued reports on W shares. Needham & Company LLC started coverage on shares of Wayfair in a research note on Monday, July 1st. They set a “buy” rating and a $175.00 target price on the stock. Stifel Nicolaus upgraded shares of Wayfair from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a research note on Wednesday, August 21st. Credit Suisse Group lowered their target price on shares of Wayfair from $195.00 to $165.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 30th. Piper Jaffray Companies set a $175.00 target price on shares of Wayfair and gave the company a “buy” rating in a research note on Friday, July 19th. Finally, Deutsche Bank lowered their target price on shares of Wayfair from $175.00 to $160.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the company. Wayfair has an average rating of “Buy” and an average target price of $155.59.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CSat Investment Advisory L.P. purchased a new stake in Wayfair in the 2nd quarter worth approximately $25,000. Harvest Fund Management Co. Ltd purchased a new stake in Wayfair in the 2nd quarter worth approximately $77,000. Personal Wealth Partners purchased a new stake in Wayfair in the 2nd quarter worth approximately $107,000. Point72 Hong Kong Ltd purchased a new stake in Wayfair in the 2nd quarter worth approximately $111,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in Wayfair in the 2nd quarter worth approximately $139,000. 75.98% of the stock is owned by hedge funds and other institutional investors.

About Wayfair

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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Insider Buying and Selling by Quarter for Wayfair (NYSE:W)

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