Insider Selling: Wayfair Inc. (NYSE:W) CTO Sells 990 Shares of Stock

Wayfair Inc. (NYSE:W) CTO John Champlin Mulliken sold 990 shares of Wayfair stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $63.53, for a total value of $62,894.70. Following the completion of the transaction, the chief technology officer now directly owns 187,128 shares of the company’s stock, valued at $11,888,241.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

John Champlin Mulliken also recently made the following trade(s):

  • 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 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.
  • On Thursday, October 19th, John Champlin Mulliken sold 700 shares of Wayfair stock. The stock was sold at an average price of $67.57, for a total value of $47,299.00.
  • On Monday, October 16th, John Champlin Mulliken sold 1,673 shares of Wayfair stock. The stock was sold at an average price of $69.17, for a total value of $115,721.41.
  • On Thursday, October 5th, John Champlin Mulliken sold 700 shares of Wayfair stock. The stock was sold at an average price of $71.37, for a total value of $49,959.00.
  • On Monday, October 2nd, John Champlin Mulliken sold 936 shares of Wayfair stock. The stock was sold at an average price of $68.61, for a total value of $64,218.96.
  • On Thursday, September 21st, John Champlin Mulliken sold 700 shares of Wayfair stock. The stock was sold at an average price of $82.02, for a total value of $57,414.00.

Wayfair Inc. (W) traded up $1.62 on Monday, hitting $71.85. The stock had a trading volume of 614,846 shares, compared to its average volume of 1,546,007. The company has a debt-to-equity ratio of 135.98, a current ratio of 1.19 and a quick ratio of 1.17. Wayfair Inc. has a 1 year low of $34.30 and a 1 year high of $84.19.

Wayfair (NYSE:W) last posted its earnings results on Thursday, November 2nd. The company reported ($0.65) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.03. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.21 billion. Wayfair had a negative return on equity of 658.45% and a negative net margin of 5.06%. The business’s revenue for the quarter was up 39.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.54) EPS. equities research analysts expect that Wayfair Inc. will post -2.63 EPS for the current year.

Several analysts have recently issued reports on the company. Moffett Nathanson initiated coverage on Wayfair in a report on Monday. They set a “buy” rating on the stock. Canaccord Genuity restated a “buy” rating on shares of Wayfair in a research report on Tuesday, August 8th. Buckingham Research restated a “buy” rating and set a $95.00 price objective on shares of Wayfair in a research report on Thursday, August 10th. BidaskClub downgraded Wayfair from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Finally, Credit Suisse Group raised their target price on Wayfair from $75.00 to $78.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $76.01.

A number of institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA grew its position in shares of Wayfair by 96.2% during the second quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock valued at $105,000 after purchasing an additional 667 shares in the last quarter. First Mercantile Trust Co. purchased a new position in shares of Wayfair during the second quarter valued at about $138,000. Delta Asset Management LLC TN grew its position in Wayfair by 375.0% in the third quarter. Delta Asset Management LLC TN now owns 1,900 shares of the company’s stock worth $128,000 after acquiring an additional 1,500 shares in the last quarter. Advisors Asset Management Inc. grew its position in Wayfair by 1,512.5% in the third quarter. Advisors Asset Management Inc. now owns 2,322 shares of the company’s stock worth $157,000 after acquiring an additional 2,178 shares in the last quarter. Finally, UBS Group AG grew its position in Wayfair by 55.5% in the first quarter. UBS Group AG now owns 2,690 shares of the company’s stock worth $109,000 after acquiring an additional 960 shares in the last quarter. 66.97% of the stock is currently owned by institutional investors.

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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)

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