Wayfair Inc (NYSE:W) CTO John Champlin Mulliken sold 196 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $79.84, for a total value of $15,648.64. Following the transaction, the chief technology officer now directly owns 49,984 shares in the company, valued at $3,990,722.56. The sale 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, December 28th, John Champlin Mulliken sold 700 shares of Wayfair stock. The shares were sold at an average price of $80.86, for a total value of $56,602.00.
  • On Thursday, December 21st, John Champlin Mulliken sold 700 shares of Wayfair stock. The shares were sold at an average price of $78.91, for a total value of $55,237.00.
  • On Friday, December 15th, John Champlin Mulliken sold 4,809 shares of Wayfair stock. The shares were sold at an average price of $76.40, for a total value of $367,407.60.
  • On Thursday, December 7th, John Champlin Mulliken sold 700 shares of Wayfair stock. The shares were sold at an average price of $74.08, for a total value of $51,856.00.
  • On Thursday, November 30th, John Champlin Mulliken sold 700 shares of Wayfair stock. The shares were sold at an average price of $67.99, for a total value of $47,593.00.
  • On Friday, November 24th, John Champlin Mulliken sold 700 shares of Wayfair stock. The shares were sold at an average price of $68.19, for a total value of $47,733.00.
  • On Wednesday, November 15th, John Champlin Mulliken sold 990 shares of Wayfair stock. The shares were sold at an average price of $63.53, for a total value of $62,894.70.
  • On Thursday, November 9th, John Champlin Mulliken sold 700 shares of Wayfair stock. The shares were sold at an average price of $57.01, for a total value of $39,907.00.
  • On Thursday, November 2nd, John Champlin Mulliken sold 941 shares of Wayfair stock. The shares were sold at an average price of $62.37, for a total value of $58,690.17.
  • On Thursday, October 26th, John Champlin Mulliken sold 700 shares of Wayfair stock. The shares were sold at an average price of $64.73, for a total value of $45,311.00.

Shares of Wayfair Inc (NYSE W) traded down $2.57 on Wednesday, reaching $78.45. The company’s stock had a trading volume of 2,693,881 shares, compared to its average volume of 2,369,600. The company has a debt-to-equity ratio of 135.98, a quick ratio of 1.17 and a current ratio of 1.19. The stock has a market capitalization of $6,890.00, a PE ratio of -31.51 and a beta of 0.96. Wayfair Inc has a fifty-two week low of $35.11 and a fifty-two week high of $84.19.

Wayfair (NYSE:W) last released its earnings results on Thursday, November 2nd. The company reported ($0.65) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.68) by $0.03. Wayfair had a negative return on equity of 658.45% and a negative net margin of 5.06%. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter last year, the business posted ($0.54) earnings per share. The firm’s revenue was up 39.1% on a year-over-year basis. equities research analysts forecast that Wayfair Inc will post -2.64 EPS for the current year.

Large investors have recently added to or reduced their stakes in the stock. Utah Retirement Systems purchased a new stake in shares of Wayfair during the second quarter worth about $539,000. Old Mutual Global Investors UK Ltd. purchased a new stake in shares of Wayfair during the second quarter worth about $738,000. Baillie Gifford & Co. grew its position in shares of Wayfair by 5.7% during the second quarter. Baillie Gifford & Co. now owns 1,914,674 shares of the company’s stock worth $147,200,000 after purchasing an additional 102,460 shares in the last quarter. Maverick Capital Ltd. purchased a new stake in shares of Wayfair during the second quarter worth about $4,015,000. Finally, State of Wisconsin Investment Board bought a new position in Wayfair during the second quarter valued at approximately $588,000. Hedge funds and other institutional investors own 66.73% of the company’s stock.

A number of research analysts have weighed in on the company. Canaccord Genuity reissued a “buy” rating and issued a $90.00 target price on shares of Wayfair in a report on Sunday, October 1st. Piper Jaffray Companies set a $89.00 target price on Wayfair and gave the company a “buy” rating in a report on Sunday, October 1st. Citigroup lowered their target price on Wayfair from $80.00 to $66.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. DA Davidson reissued a “hold” rating and issued a $60.00 target price on shares of Wayfair in a report on Friday, November 3rd. Finally, Wedbush lowered their target price on Wayfair from $82.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday, November 3rd. One analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $76.90.

ILLEGAL ACTIVITY WARNING: “Wayfair Inc (W) CTO Sells $15,648.64 in Stock” was first posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2018/01/03/wayfair-inc-w-cto-sells-15648-64-in-stock.html.

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