Wayfair Inc. (W) Insider Sells $119,925.00 in Stock

Wayfair Inc. (NYSE:W) insider Nicholas Malone sold 1,500 shares of Wayfair stock in a transaction on Monday, August 7th. The shares were sold at an average price of $79.95, for a total transaction of $119,925.00. Following the completion of the sale, the insider now owns 6,793 shares in the company, valued at approximately $543,100.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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Nicholas Malone also recently made the following trade(s):

On Monday, July 10th, Nicholas Malone sold 1,500 shares of Wayfair stock. The shares were sold at an average price of $73.87, for a total transaction of $110,805.00.
On Monday, July 3rd, Nicholas Malone sold 244 shares of Wayfair stock. The shares were sold at an average price of $76.86, for a total transaction of $18,753.84.
On Wednesday, June 7th, Nicholas Malone sold 1,500 shares of Wayfair stock. The shares were sold at an average price of $69.58, for a total transaction of $104,370.00.

Shares of Wayfair Inc. (NYSE W) traded down 3.58% during trading on Wednesday, reaching $72.82. 1,890,231 shares of the company were exchanged. Wayfair Inc. has a 1-year low of $27.60 and a 1-year high of $80.40. The firm’s market capitalization is $6.31 billion. The firm’s 50 day moving average is $75.55 and its 200 day moving average is $54.28.

Wayfair (NYSE:W) last issued its quarterly earnings data on Tuesday, August 8th. The company reported ($0.26) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.69) by $0.43. Wayfair had a negative return on equity of 215.36% and a negative net margin of 5.84%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the company earned ($0.43) earnings per share. The firm’s revenue for the quarter was up 42.7% compared to the same quarter last year. On average, equities analysts anticipate that Wayfair Inc. will post ($1.55) EPS for the current fiscal year.

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A number of analysts have recently commented on the stock. BidaskClub cut shares of Wayfair from a “strong-buy” rating to a “buy” rating in a report on Friday, August 4th. Oppenheimer Holdings, Inc. set a $88.00 target price on shares of Wayfair and gave the company a “buy” rating in a report on Friday, August 4th. Piper Jaffray Companies set a $87.00 target price on shares of Wayfair and gave the company a “buy” rating in a report on Friday, July 28th. Robert W. Baird restated a “neutral” rating on shares of Wayfair in a report on Monday, July 3rd. Finally, Maxim Group cut shares of Wayfair from a “buy” rating to a “hold” rating and boosted their target price for the company from $27.60 to $76.17 in a report on Monday, June 19th. They noted that the move was a valuation call. Ten research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $69.15.

A number of large investors have recently modified their holdings of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Wayfair by 9.6% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,820 shares of the company’s stock valued at $114,000 after buying an additional 247 shares in the last quarter. First Personal Financial Services increased its stake in shares of Wayfair by 12.8% in the second quarter. First Personal Financial Services now owns 2,792 shares of the company’s stock valued at $215,000 after buying an additional 317 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Wayfair by 96.2% in the second quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock valued at $105,000 after buying an additional 667 shares in the last quarter. Nationwide Fund Advisors increased its stake in shares of Wayfair by 2.1% in the first quarter. Nationwide Fund Advisors now owns 33,721 shares of the company’s stock valued at $1,365,000 after buying an additional 709 shares in the last quarter. Finally, Pacer Advisors Inc. increased its stake in shares of Wayfair by 18.9% in the second quarter. Pacer Advisors Inc. now owns 4,903 shares of the company’s stock valued at $377,000 after buying an additional 779 shares in 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.