Wayfair Inc. (W) Insider Steve Oblak Sells 4,531 Shares

Wayfair Inc. (NYSE:W) insider Steve Oblak sold 4,531 shares of Wayfair stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $76.83, for a total transaction of $348,116.73. Following the completion of the sale, the insider now owns 125,586 shares of the company’s stock, valued at $9,648,772.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Steve Oblak also recently made the following trade(s):

  • On Monday, December 4th, Steve Oblak sold 300 shares of Wayfair stock. The stock was sold at an average price of $71.63, for a total transaction of $21,489.00.
  • On Monday, November 20th, Steve Oblak sold 300 shares of Wayfair stock. The stock was sold at an average price of $66.57, for a total transaction of $19,971.00.
  • On Monday, October 23rd, Steve Oblak sold 300 shares of Wayfair stock. The stock was sold at an average price of $67.47, for a total transaction of $20,241.00.
  • On Monday, October 16th, Steve Oblak sold 406 shares of Wayfair stock. The stock was sold at an average price of $71.33, for a total transaction of $28,959.98.
  • On Monday, October 9th, Steve Oblak sold 300 shares of Wayfair stock. The stock was sold at an average price of $68.84, for a total transaction of $20,652.00.
  • On Monday, October 2nd, Steve Oblak sold 237 shares of Wayfair stock. The stock was sold at an average price of $67.21, for a total transaction of $15,928.77.
  • On Monday, September 25th, Steve Oblak sold 300 shares of Wayfair stock. The stock was sold at an average price of $74.36, for a total transaction of $22,308.00.

Wayfair Inc. (NYSE W) opened at $83.08 on Tuesday. 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 issued its quarterly earnings results on Thursday, November 2nd. The company reported ($0.65) earnings per share for the quarter, beating the consensus estimate of ($0.68) by $0.03. Wayfair had a negative net margin of 5.06% and a negative return on equity of 658.45%. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the previous year, the firm earned ($0.54) earnings per share. The company’s revenue for the quarter was up 39.1% on a year-over-year basis. equities analysts forecast that Wayfair Inc. will post -2.63 earnings per share for the current year.

A number of large investors have recently modified their holdings of the business. Sterling Capital Management LLC purchased a new position in Wayfair during the third quarter valued at approximately $1,503,000. DF Dent & Co. Inc. lifted its holdings in Wayfair by 19.1% during the third quarter. DF Dent & Co. Inc. now owns 8,391 shares of the company’s stock valued at $566,000 after purchasing an additional 1,343 shares in the last quarter. California Public Employees Retirement System lifted its holdings in Wayfair by 4.9% during the third quarter. California Public Employees Retirement System now owns 119,341 shares of the company’s stock valued at $8,044,000 after purchasing an additional 5,541 shares in the last quarter. Cubist Systematic Strategies LLC lifted its holdings in Wayfair by 440.7% during the third quarter. Cubist Systematic Strategies LLC now owns 20,287 shares of the company’s stock valued at $1,367,000 after purchasing an additional 16,535 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in Wayfair by 78,600.0% during the third quarter. Point72 Asset Management L.P. now owns 14,953 shares of the company’s stock valued at $1,008,000 after purchasing an additional 14,934 shares in the last quarter. 66.97% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently issued reports on W shares. Stifel Nicolaus boosted their target price on shares of Wayfair from $72.00 to $82.00 and gave the company a “buy” rating in a research report on Friday. Piper Jaffray Companies restated a “buy” rating and set a $89.00 target price on shares of Wayfair in a research report on Wednesday, December 13th. Moffett Nathanson started coverage on shares of Wayfair in a research report on Monday, December 4th. They set a “buy” rating for the company. Zacks Investment Research lowered shares of Wayfair from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Finally, Wedbush cut their target price on shares of Wayfair from $82.00 to $72.00 and set an “outperform” rating for the company in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $76.22.

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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.

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

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