Wayfair Inc. (NYSE:W) SVP Steve Oblak sold 805 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $70.68, for a total value of $56,897.40. Following the completion of the transaction, the senior vice president now owns 120,534 shares in the company, valued at approximately $8,519,343.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Steve Oblak also recently made the following trade(s):

  • On Tuesday, August 1st, Steve Oblak sold 949 shares of Wayfair stock. The shares were sold at an average price of $75.96, for a total value of $72,086.04.
  • On Monday, July 17th, Steve Oblak sold 705 shares of Wayfair stock. The shares were sold at an average price of $76.41, for a total value of $53,869.05.
  • On Monday, July 3rd, Steve Oblak sold 948 shares of Wayfair stock. The shares were sold at an average price of $76.68, for a total value of $72,692.64.
  • On Monday, June 19th, Steve Oblak sold 4,528 shares of Wayfair stock. The shares were sold at an average price of $70.83, for a total value of $320,718.24.
  • On Monday, June 5th, Steve Oblak sold 300 shares of Wayfair stock. The shares were sold at an average price of $68.44, for a total value of $20,532.00.
  • On Thursday, June 1st, Steve Oblak sold 643 shares of Wayfair stock. The shares were sold at an average price of $63.41, for a total value of $40,772.63.
  • On Monday, May 22nd, Steve Oblak sold 300 shares of Wayfair stock. The shares were sold at an average price of $62.19, for a total value of $18,657.00.

Shares of Wayfair Inc. (NYSE:W) traded down 0.24% during midday trading on Wednesday, reaching $70.68. The company’s stock had a trading volume of 933,774 shares. Wayfair Inc. has a 12 month low of $27.60 and a 12 month high of $82.19. The firm’s market cap is $6.16 billion. The company has a 50-day moving average price of $75.43 and a 200-day moving average price of $56.59.

Wayfair (NYSE:W) last posted its quarterly earnings results on Tuesday, August 8th. The company reported ($0.26) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.69) by $0.43. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.06 billion. Wayfair had a negative return on equity of 335.44% and a negative net margin of 5.10%. The business’s quarterly revenue was up 42.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.43) EPS. Equities analysts expect that Wayfair Inc. will post ($1.46) earnings per share for the current year.

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W has been the topic of a number of research reports. Gordon Haskett downgraded Wayfair from a “buy” rating to an “accumulate” rating and increased their price objective for the stock from $70.00 to $85.00 in a report on Tuesday, June 27th. Canaccord Genuity increased their price objective on Wayfair from $45.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, May 10th. Maxim Group restated a “buy” rating and issued a $53.00 price objective (up previously from $45.00) on shares of Wayfair in a report on Tuesday, May 2nd. Zacks Investment Research upgraded Wayfair from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a report on Thursday, April 27th. Finally, Buckingham Research increased their price objective on Wayfair from $47.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, May 3rd. Ten analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $69.15.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ameriprise Financial Inc. acquired a new position in Wayfair during the first quarter worth $1,650,000. First Personal Financial Services raised its position in Wayfair by 15.1% in the first quarter. First Personal Financial Services now owns 2,475 shares of the company’s stock worth $100,000 after buying an additional 325 shares during the last quarter. Swiss National Bank raised its position in Wayfair by 7.2% in the first quarter. Swiss National Bank now owns 48,900 shares of the company’s stock worth $1,980,000 after buying an additional 3,300 shares during the last quarter. Bank of New York Mellon Corp raised its position in Wayfair by 2.5% in the first quarter. Bank of New York Mellon Corp now owns 129,187 shares of the company’s stock worth $5,231,000 after buying an additional 3,160 shares during the last quarter. Finally, First Trust Advisors LP raised its position in Wayfair by 5.6% in the first quarter. First Trust Advisors LP now owns 76,895 shares of the company’s stock worth $3,113,000 after buying an additional 4,058 shares during the last quarter.

Wayfair Company Profile

Wayfair Inc (Wayfair) offers browsing, merchandising and product discovery for a range of products from various suppliers. The Company operates through two segments: U.S. and International. The U.S. segment consists of amounts earned through product sales through the Company’s five sites in the United States and through sites operated by third parties in the United States.

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

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