Wayfair Inc. (NYSE:W) SVP Steve Oblak sold 406 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $71.33, for a total transaction of $28,959.98. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

  • On Monday, October 9th, Steve Oblak sold 300 shares of Wayfair stock. The stock was sold at an average price of $68.84, for a total transaction of $20,652.00.
  • On Monday, October 2nd, Steve Oblak sold 237 shares of Wayfair stock. The stock was sold at an average price of $67.21, for a total transaction of $15,928.77.
  • On Monday, September 25th, Steve Oblak sold 300 shares of Wayfair stock. The stock was sold at an average price of $74.36, for a total transaction of $22,308.00.
  • On Friday, September 15th, Steve Oblak sold 4,174 shares of Wayfair stock. The stock was sold at an average price of $79.92, for a total transaction of $333,586.08.
  • On Monday, September 11th, Steve Oblak sold 300 shares of Wayfair stock. The stock was sold at an average price of $77.23, for a total transaction of $23,169.00.
  • On Tuesday, September 12th, Steve Oblak sold 400 shares of Wayfair stock. The stock was sold at an average price of $77.92, for a total transaction of $31,168.00.
  • On Friday, September 1st, Steve Oblak sold 241 shares of Wayfair stock. The stock was sold at an average price of $71.39, for a total transaction of $17,204.99.
  • On Monday, August 28th, Steve Oblak sold 300 shares of Wayfair stock. The stock was sold at an average price of $69.24, for a total transaction of $20,772.00.
  • On Tuesday, August 15th, Steve Oblak sold 805 shares of Wayfair stock. The stock was sold at an average price of $70.68, for a total transaction of $56,897.40.
  • On Tuesday, August 1st, Steve Oblak sold 949 shares of Wayfair stock. The stock was sold at an average price of $75.96, for a total transaction of $72,086.04.

Shares of Wayfair Inc. (NYSE W) traded down 2.83% during trading on Tuesday, reaching $67.76. The company’s stock had a trading volume of 1,736,125 shares. The stock’s 50 day moving average is $73.29 and its 200 day moving average is $66.57. Wayfair Inc. has a one year low of $27.60 and a one year high of $84.19. The firm’s market cap is $5.91 billion.

Wayfair (NYSE:W) last released its quarterly earnings data on Tuesday, August 8th. The company reported ($0.26) EPS for the quarter, beating the consensus estimate of ($0.69) by $0.43. Wayfair had a negative return on equity of 335.44% and a negative net margin of 5.10%. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the firm posted ($0.43) earnings per share. Wayfair’s revenue was up 42.7% compared to the same quarter last year. On average, equities analysts forecast that Wayfair Inc. will post ($1.45) EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This news story was posted by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/10/17/wayfair-inc-w-svp-sells-28959-98-in-stock.html.

A number of hedge funds have recently bought and sold shares of W. Vanguard Group Inc. lifted its holdings in Wayfair by 16.3% in the second quarter. Vanguard Group Inc. now owns 3,028,832 shares of the company’s stock valued at $232,857,000 after acquiring an additional 423,631 shares during the period. Lord Abbett & CO. LLC bought a new position in Wayfair in the second quarter valued at about $27,345,000. Renaissance Technologies LLC lifted its holdings in Wayfair by 818.5% in the second quarter. Renaissance Technologies LLC now owns 338,000 shares of the company’s stock valued at $25,985,000 after acquiring an additional 301,200 shares during the period. Russell Investments Group Ltd. lifted its holdings in Wayfair by 18,904.8% in the second quarter. Russell Investments Group Ltd. now owns 274,239 shares of the company’s stock valued at $21,089,000 after acquiring an additional 272,796 shares during the period. Finally, FMR LLC lifted its holdings in Wayfair by 2.7% in the second quarter. FMR LLC now owns 7,757,688 shares of the company’s stock valued at $596,411,000 after acquiring an additional 207,443 shares during the period. 65.93% of the stock is currently owned by institutional investors.

Several analysts have recently commented on W shares. Maxim Group downgraded shares of Wayfair from a “buy” rating to a “hold” rating and raised their price objective for the stock from $27.60 to $76.17 in a research report on Monday, June 19th. They noted that the move was a valuation call. Gordon Haskett downgraded shares of Wayfair from a “buy” rating to an “accumulate” rating and raised their price objective for the stock from $70.00 to $85.00 in a research report on Tuesday, June 27th. Piper Jaffray Companies set a $87.00 price objective on shares of Wayfair and gave the stock a “buy” rating in a research report on Saturday, July 1st. Robert W. Baird reaffirmed a “neutral” rating on shares of Wayfair in a research report on Monday, July 3rd. Finally, Buckingham Research reissued a “buy” rating and issued a $95.00 price target (up previously from $72.00) on shares of Wayfair in a research report on Thursday, July 13th. They noted that the move was a valuation call. Nine equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $77.07.

About Wayfair

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)

Receive News & Ratings for Wayfair Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wayfair Inc. and related companies with MarketBeat.com's FREE daily email newsletter.