Wayfair Inc (W) Insider Sells $492,483.00 in Stock

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Wayfair Inc (NYSE:W) insider John Champlin Mulliken sold 4,915 shares of Wayfair stock in a transaction dated Monday, December 17th. The stock was sold at an average price of $100.20, for a total value of $492,483.00. Following the completion of the sale, the insider now owns 6,614 shares in the company, valued at $662,722.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

  • On Monday, October 15th, John Champlin Mulliken sold 1,388 shares of Wayfair stock. The stock was sold at an average price of $118.00, for a total value of $163,784.00.

Shares of Wayfair stock opened at $93.25 on Wednesday. Wayfair Inc has a 1-year low of $60.53 and a 1-year high of $151.20.

Wayfair (NYSE:W) last issued its earnings results on Thursday, November 1st. The company reported ($1.28) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.09) by ($0.19). The firm had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.67 billion. Wayfair’s revenue was up 42.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.65) EPS. On average, analysts predict that Wayfair Inc will post -5.72 earnings per share for the current year.

Several research firms recently issued reports on W. Bank of America cut Wayfair from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $130.00 to $160.00 in a report on Thursday, September 13th. MKM Partners lifted their price objective on Wayfair from $130.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, September 27th. Canaccord Genuity reiterated a “buy” rating and issued a $165.00 price objective (up from $140.00) on shares of Wayfair in a report on Friday, September 28th. Wells Fargo & Co began coverage on Wayfair in a report on Wednesday, September 12th. They issued a “market perform” rating and a $150.00 price objective on the stock. Finally, Loop Capital set a $155.00 price objective on Wayfair and gave the stock a “buy” rating in a report on Monday, September 10th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $126.50.

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc raised its position in shares of Wayfair by 7.5% during the 3rd quarter. Vanguard Group Inc now owns 4,761,964 shares of the company’s stock valued at $703,199,000 after buying an additional 332,832 shares during the period. Vanguard Group Inc. raised its position in shares of Wayfair by 7.5% during the 3rd quarter. Vanguard Group Inc. now owns 4,761,964 shares of the company’s stock valued at $703,199,000 after buying an additional 332,832 shares during the period. Legal & General Group Plc raised its position in shares of Wayfair by 32.9% during the 3rd quarter. Legal & General Group Plc now owns 34,190 shares of the company’s stock valued at $5,049,000 after buying an additional 8,466 shares during the period. B. Riley Wealth Management Inc. purchased a new stake in shares of Wayfair during the 3rd quarter valued at approximately $251,000. Finally, Teachers Advisors LLC raised its position in shares of Wayfair by 0.4% during the 3rd quarter. Teachers Advisors LLC now owns 158,455 shares of the company’s stock valued at $23,399,000 after buying an additional 691 shares during the period. Institutional investors and hedge funds own 70.94% of the company’s stock.

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About Wayfair

Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. The company offers approximately 10 million products for the home sector under various brands. It offers a selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, such as Wayfair, Joss & Main, AllModern, DwellStudio, Perigold, and Birch Lane.

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Insider Buying and Selling by Quarter for Wayfair (NYSE:W)

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