Wayfair Inc. (W) SVP John Champlin Mulliken Sells 952 Shares
Wayfair Inc. (NYSE:W) SVP John Champlin Mulliken sold 952 shares of Wayfair stock in a transaction dated Monday, October 17th. The stock was sold at an average price of $35.03, for a total transaction of $33,348.56. Following the transaction, the senior vice president now owns 223,376 shares of the company’s stock, valued at approximately $7,824,861.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
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 transaction of $117,344.70.
Wayfair Inc. (NYSE:W) traded up 1.93% during mid-day trading on Tuesday, reaching $36.42. 900,695 shares of the company traded hands. Wayfair Inc. has a 52-week low of $28.85 and a 52-week high of $50.00. The company’s market capitalization is $3.10 billion. The stock has a 50 day moving average price of $39.32 and a 200-day moving average price of $39.93.
Wayfair (NYSE:W) last posted its quarterly earnings results on Tuesday, August 9th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.41) by $0.02. The company earned $755.70 million during the quarter, compared to analysts’ expectations of $782.43 million. Wayfair had a negative return on equity of 56.95% and a negative net margin of 4.20%. Wayfair’s revenue for the quarter was up 60.0% compared to the same quarter last year. During the same period last year, the company earned ($0.15) earnings per share. Analysts expect that Wayfair Inc. will post ($1.67) EPS for the current fiscal year.
A number of brokerages have recently commented on W. Maxim Group set a $49.00 price target on shares of Wayfair and gave the stock a “buy” rating in a report on Tuesday, August 9th. Veritas Investment Research reiterated a “hold” rating on shares of Wayfair in a report on Friday, August 5th. Zacks Investment Research upgraded shares of Wayfair from a “sell” rating to a “hold” rating in a report on Wednesday, September 21st. Vetr downgraded shares of Wayfair from a “strong-buy” rating to a “buy” rating and set a $46.67 price target for the company. in a report on Wednesday, June 22nd. Finally, Cowen and Company restated a “buy” rating and issued a $61.00 target price on shares of Wayfair in a report on Tuesday, June 21st. Fourteen analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $51.42.
Several hedge funds have recently bought and sold shares of W. BNP Paribas Arbitrage SA raised its stake 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 period. BlackRock Inc. raised its stake in Wayfair by 70.0% in the second quarter. BlackRock Inc. now owns 2,689 shares of the company’s stock worth $105,000 after buying an additional 1,107 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new stake in Wayfair during the second quarter worth about $107,000. Legal & General Group Plc raised its stake in 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 during the period. Finally, Teacher Retirement System of Texas raised its stake in Wayfair by 42.4% in the second quarter. Teacher Retirement System of Texas now owns 3,905 shares of the company’s stock worth $152,000 after buying an additional 1,163 shares during the period. 71.82% of the stock is owned by institutional investors and hedge funds.
Wayfair Company Profile
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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