Nicholas Malone Sells 400 Shares of Wayfair Inc. (W) Stock
Wayfair Inc. (NYSE:W) insider Nicholas Malone sold 400 shares of Wayfair stock in a transaction that occurred on Friday, October 7th. The stock was sold at an average price of $39.32, for a total value of $15,728.00. Following the sale, the insider now directly owns 13,631 shares in the company, valued at approximately $535,970.92. The sale was disclosed in a document filed with the SEC, which is available at this link.
Nicholas Malone also recently made the following trade(s):
- On Monday, October 3rd, Nicholas Malone sold 245 shares of Wayfair stock. The stock was sold at an average price of $38.40, for a total value of $9,408.00.
- On Wednesday, September 7th, Nicholas Malone sold 6,400 shares of Wayfair stock. The stock was sold at an average price of $43.06, for a total value of $275,584.00.
Shares of Wayfair Inc. (NYSE:W) opened at 36.19 on Wednesday. Wayfair Inc. has a 52 week low of $28.85 and a 52 week high of $50.00. The firm’s market capitalization is $3.08 billion. The company’s 50 day moving average price is $39.58 and its 200-day moving average price is $40.10.
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Wayfair (NYSE:W) last issued its quarterly earnings results on Tuesday, August 9th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.41) by $0.02. The company had revenue of $755.70 million for the quarter, compared to analyst estimates of $782.43 million. Wayfair had a negative return on equity of 56.95% and a negative net margin of 4.20%. The company’s quarterly revenue was up 60.0% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.15) EPS. On average, equities research analysts expect that Wayfair Inc. will post ($1.67) EPS for the current fiscal year.
Several analysts have recently weighed in on the company. Zacks Investment Research raised Wayfair from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a report on Thursday, August 11th. Longbow Research initiated coverage on Wayfair in a research note on Thursday, June 16th. They issued a “neutral” rating on the stock. Oppenheimer Holdings Inc. reaffirmed a “sector perform” rating on shares of Wayfair in a research note on Sunday, August 14th. Vetr lowered Wayfair from a “strong-buy” rating to a “buy” rating and set a $46.67 price target on the stock. in a research note on Wednesday, June 22nd. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $61.00 price target on shares of Wayfair in a research note on Tuesday, June 21st. Fourteen analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $51.42.
A number of large investors have recently modified their holdings of W. BNP Paribas Arbitrage SA increased 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. increased 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. bought a new stake in shares of Wayfair during the second quarter worth about $107,000. Legal & General Group Plc increased its stake in shares of Wayfair by 46.8% in the first quarter. Legal & General Group Plc now owns 2,957 shares of the company’s stock worth $124,000 after buying an additional 943 shares in the last quarter. Finally, Teacher Retirement System of Texas increased 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. 71.84% of the stock is currently owned by institutional investors and hedge funds.
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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