Wayfair Inc. (W) SVP John Champlin Mulliken Sells 952 Shares
Wayfair Inc. (NYSE:W) SVP John Champlin Mulliken sold 952 shares of the stock in a transaction that occurred on Monday, October 17th. The stock was sold at an average price of $35.03, for a total transaction of $33,348.56. Following the completion of the sale, the senior vice president now directly owns 223,376 shares of the company’s stock, valued at $7,824,861.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
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 stock was sold at an average price of $39.51, for a total value of $117,344.70.
Wayfair Inc. (NYSE:W) traded up 1.93% on Tuesday, hitting $36.42. The company had a trading volume of 900,695 shares. The firm’s market capitalization is $3.10 billion. The firm has a 50-day moving average price of $39.32 and a 200-day moving average price of $39.93. Wayfair Inc. has a 12-month low of $28.85 and a 12-month high of $50.00.
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Wayfair (NYSE:W) last posted its earnings results on Tuesday, August 9th. The company reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.41) by $0.02. The business 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 firm’s revenue was up 60.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.15) earnings per share. On average, equities research analysts anticipate that Wayfair Inc. will post ($1.67) earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA raised its position in 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 during the last quarter. Royal Bank of Canada raised its position in Wayfair by 142,724.0% in the second quarter. Royal Bank of Canada now owns 142,824 shares of the company’s stock worth $5,570,000 after buying an additional 142,724 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Wayfair by 22.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 100,671 shares of the company’s stock worth $3,927,000 after buying an additional 18,672 shares in the last quarter. Legal & General Group Plc raised its position 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, Metropolitan Life Insurance Co. NY raised its position in shares of Wayfair by 57.9% in the second quarter. Metropolitan Life Insurance Co. NY now owns 22,972 shares of the company’s stock worth $896,000 after buying an additional 8,424 shares in the last quarter. 71.82% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have commented on W shares. Zacks Investment Research upgraded Wayfair from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a report on Thursday, August 11th. Oppenheimer Holdings Inc. reiterated a “sector perform” rating on shares of Wayfair in a report on Sunday, August 14th. Vetr downgraded 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. Cowen and Company reiterated a “buy” rating and set a $61.00 price target on shares of Wayfair in a report on Tuesday, June 21st. Finally, Wedbush lowered their price target on Wayfair from $60.00 to $55.00 and set an “outperform” rating on the stock in a report on Wednesday, August 10th. Fourteen research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $51.42.
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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