Insider Selling: Wayfair Inc (W) SVP Sells 375 Shares of Stock

Wayfair Inc (NYSE:W) SVP John Champlin Mulliken sold 375 shares of the firm’s stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $38.26, for a total value of $14,347.50. Following the transaction, the senior vice president now owns 239,897 shares in the company, valued at $9,178,459.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

  • On Wednesday, March 15th, John Champlin Mulliken sold 9,922 shares of Wayfair stock. The shares were sold at an average price of $36.33, for a total value of $360,466.26.
  • On Thursday, March 9th, John Champlin Mulliken sold 275 shares of Wayfair stock. The shares were sold at an average price of $35.90, for a total value of $9,872.50.
  • On Thursday, February 23rd, John Champlin Mulliken sold 475 shares of Wayfair stock. The shares were sold at an average price of $38.18, for a total value of $18,135.50.
  • On Thursday, February 9th, John Champlin Mulliken sold 575 shares of Wayfair stock. The shares were sold at an average price of $42.48, for a total value of $24,426.00.
  • On Thursday, February 2nd, John Champlin Mulliken sold 475 shares of Wayfair stock. The shares were sold at an average price of $41.74, for a total value of $19,826.50.
  • On Wednesday, February 1st, John Champlin Mulliken sold 188 shares of Wayfair stock. The shares were sold at an average price of $41.44, for a total value of $7,790.72.
  • On Thursday, January 26th, John Champlin Mulliken sold 875 shares of Wayfair stock. The shares were sold at an average price of $41.94, for a total value of $36,697.50.
  • On Thursday, January 19th, John Champlin Mulliken sold 475 shares of Wayfair stock. The shares were sold at an average price of $40.44, for a total value of $19,209.00.
  • On Thursday, January 12th, John Champlin Mulliken sold 475 shares of Wayfair stock. The shares were sold at an average price of $40.50, for a total value of $19,237.50.
  • On Tuesday, January 10th, John Champlin Mulliken sold 100 shares of Wayfair stock. The shares were sold at an average price of $40.00, for a total value of $4,000.00.

Wayfair Inc (NYSE:W) traded up 2.27% during midday trading on Monday, reaching $39.69. The company had a trading volume of 1,081,524 shares. The firm’s market capitalization is $3.41 billion. The stock’s 50 day moving average price is $39.59 and its 200-day moving average price is $38.04. Wayfair Inc has a one year low of $27.60 and a one year high of $49.34.

Wayfair (NYSE:W) last issued its quarterly earnings results on Thursday, February 23rd. The company reported ($0.34) EPS for the quarter, topping the consensus estimate of ($0.50) by $0.16. Wayfair had a negative net margin of 5.29% and a negative return on equity of 91.94%. The firm had revenue of $985 million for the quarter, compared to analysts’ expectations of $971.20 million. During the same period in the previous year, the firm posted ($0.07) EPS. The company’s revenue for the quarter was up 33.1% on a year-over-year basis. On average, equities research analysts anticipate that Wayfair Inc will post ($1.63) earnings per share for the current year.

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

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Several equities research analysts have recently issued reports on W shares. Cowen and Company reaffirmed an “outperform” rating and issued a $44.00 price target (up from $39.00) on shares of Wayfair in a research report on Wednesday, February 22nd. Zacks Investment Research downgraded Wayfair from a “hold” rating to a “sell” rating in a research report on Saturday, December 10th. Credit Suisse Group AG started coverage on Wayfair in a research report on Wednesday, January 11th. They issued a “neutral” rating and a $40.00 price target on the stock. Wedbush reaffirmed an “outperform” rating and issued a $40.00 price target on shares of Wayfair in a research report on Tuesday, January 10th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $45.00 price target on shares of Wayfair in a research report on Wednesday, December 21st. Fifteen research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $45.58.

Large investors have recently modified their holdings of the company. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Wayfair by 129.6% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 36,079 shares of the company’s stock worth $1,333,000 after buying an additional 20,364 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Wayfair by 29.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,434 shares of the company’s stock worth $226,000 after buying an additional 1,459 shares during the last quarter. Guggenheim Capital LLC boosted its stake in shares of Wayfair by 48.7% in the fourth quarter. Guggenheim Capital LLC now owns 15,491 shares of the company’s stock worth $543,000 after buying an additional 5,073 shares during the last quarter. Harbourvest Partners LLC boosted its stake in shares of Wayfair by 0.4% in the fourth quarter. Harbourvest Partners LLC now owns 3,860,511 shares of the company’s stock worth $135,311,000 after buying an additional 16,842 shares during the last quarter. Finally, Seven Eight Capital LP purchased a new stake in shares of Wayfair during the fourth quarter worth about $118,000. 70.53% of the stock is currently owned by hedge funds and other institutional investors.

About Wayfair

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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