Wayfair Inc. (NYSE:W) SVP John Champlin Mulliken sold 952 shares of the stock in a transaction dated Monday, October 17th. The shares were sold at an average price of $35.03, for a total transaction of $33,348.56. Following the sale, the senior vice president now directly owns 223,376 shares in the company, valued at $7,824,861.28. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
John Champlin Mulliken also recently made the following trade(s):
- On Thursday, September 15th, John Champlin Mulliken sold 2,970 shares of Wayfair stock. The shares were sold at an average price of $39.51, for a total transaction of $117,344.70.
Shares of Wayfair Inc. (NYSE:W) opened at 36.42 on Wednesday. The firm’s 50-day moving average is $39.26 and its 200-day moving average is $39.88. The stock’s market capitalization is $3.10 billion. Wayfair Inc. has a one year low of $28.85 and a one year high of $50.00.
Wayfair (NYSE:W) last issued its earnings results on Tuesday, August 9th. The company reported ($0.43) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.41) by $0.02. The firm earned $755.70 million during the quarter, compared to analysts’ expectations of $782.43 million. Wayfair had a negative net margin of 4.20% and a negative return on equity of 56.95%. Wayfair’s quarterly revenue was up 60.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.15) EPS. Equities research analysts forecast that Wayfair Inc. will post ($1.67) EPS for the current year.
W has been the topic of a number of recent analyst reports. Cowen and Company reaffirmed a “buy” rating and set a $61.00 price target on shares of Wayfair in a report on Tuesday, June 21st. Vetr downgraded shares of Wayfair from a “strong-buy” rating to a “buy” rating and set a $46.67 price target on the stock. in a report on Wednesday, June 22nd. Zacks Investment Research raised shares of Wayfair from a “sell” rating to a “hold” rating in a report on Saturday, July 9th. Veritas Investment Research reaffirmed a “hold” rating on shares of Wayfair in a report on Friday, August 5th. Finally, Maxim Group set a $49.00 price target on shares of Wayfair and gave the company a “buy” rating in a report on Tuesday, August 9th. Fourteen analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $51.42.
A number of large investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA raised its stake in shares of Wayfair by 112.9% in the third quarter. BNP Paribas Arbitrage SA now owns 2,629 shares of the company’s stock worth $104,000 after buying an additional 1,394 shares in the last quarter. BlackRock Inc. raised its stake in shares of Wayfair by 70.0% in the second quarter. BlackRock Inc. now owns 2,689 shares of the company’s stock worth $105,000 after buying an additional 1,107 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in shares of Wayfair during the second quarter worth approximately $107,000. Legal & General Group Plc raised its stake in shares of Wayfair by 28.8% in the second quarter. Legal & General Group Plc now owns 3,810 shares of the company’s stock worth $149,000 after buying an additional 853 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its stake in shares of Wayfair by 42.4% in the second quarter. Teacher Retirement System of Texas now owns 3,905 shares of the company’s stock worth $152,000 after buying an additional 1,163 shares in the last quarter. Hedge funds and other institutional investors own 71.82% of the company’s stock.
Wayfair Company Profile
Wayfair Inc (Wayfair) offers browsing, merchandising, product discovery and prices for a range of products from suppliers across various brands, including Wayfair.com, Joss & Main, AllModern, DwellStudio and Birch Lane. The Company offers a range of furniture, home furnishings, decor and goods. Wayfair produces editorial content both in-house and through third parties.
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