Wayfair Inc (NYSE:W) insider Steve Oblak sold 8,645 shares of the business’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $83.44, for a total transaction of $721,338.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Steve Oblak also recently made the following trade(s):
- On Monday, February 26th, Steve Oblak sold 500 shares of Wayfair stock. The shares were sold at an average price of $74.34, for a total transaction of $37,170.00.
- On Monday, December 18th, Steve Oblak sold 4,531 shares of Wayfair stock. The shares were sold at an average price of $76.83, for a total transaction of $348,116.73.
Shares of Wayfair stock opened at $78.95 on Monday. Wayfair Inc has a 52 week low of $36.93 and a 52 week high of $100.14. The company has a quick ratio of 1.07, a current ratio of 1.10 and a debt-to-equity ratio of -8.60. The stock has a market cap of $6,963.94, a P/E ratio of -28.00 and a beta of 1.25.
Wayfair (NYSE:W) last posted its earnings results on Thursday, February 22nd. The company reported ($0.83) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.79) by ($0.04). Wayfair had a negative return on equity of 31,507.11% and a negative net margin of 5.18%. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the prior year, the company earned ($0.34) earnings per share. The business’s revenue for the quarter was up 46.2% compared to the same quarter last year. equities analysts anticipate that Wayfair Inc will post -3.69 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of W. Dimensional Fund Advisors LP purchased a new stake in Wayfair in the 2nd quarter worth approximately $3,711,000. Aperio Group LLC lifted its stake in Wayfair by 59.6% in the 3rd quarter. Aperio Group LLC now owns 4,516 shares of the company’s stock worth $304,000 after purchasing an additional 1,687 shares in the last quarter. Sei Investments Co. lifted its stake in Wayfair by 325.6% in the 3rd quarter. Sei Investments Co. now owns 29,310 shares of the company’s stock worth $1,976,000 after purchasing an additional 22,423 shares in the last quarter. New York State Common Retirement Fund lifted its stake in Wayfair by 8.5% in the 3rd quarter. New York State Common Retirement Fund now owns 90,905 shares of the company’s stock worth $6,127,000 after purchasing an additional 7,105 shares in the last quarter. Finally, Advisor Group Inc. lifted its stake in Wayfair by 739.3% in the 3rd quarter. Advisor Group Inc. now owns 3,357 shares of the company’s stock worth $226,000 after purchasing an additional 2,957 shares in the last quarter. Institutional investors and hedge funds own 70.84% of the company’s stock.
A number of research analysts have weighed in on the stock. Bank of America set a $100.00 target price on shares of Wayfair and gave the company a “hold” rating in a research note on Tuesday, February 20th. Wedbush reiterated a “buy” rating and issued a $98.00 target price (up from $86.00) on shares of Wayfair in a research note on Tuesday, February 20th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $112.00 target price (up from $89.00) on shares of Wayfair in a research note on Thursday, February 15th. Gordon Haskett cut shares of Wayfair from a “buy” rating to an “accumulate” rating in a research note on Wednesday, January 31st. Finally, Zacks Investment Research cut shares of Wayfair from a “hold” rating to a “sell” rating in a research note on Saturday, February 3rd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the stock. Wayfair presently has a consensus rating of “Hold” and an average price target of $85.90.
COPYRIGHT VIOLATION WARNING: This article was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another website, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The correct version of this article can be read at https://ledgergazette.com/2018/03/19/wayfair-inc-w-insider-sells-721338-80-in-stock.html.
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.
Receive News & Ratings for Wayfair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wayfair and related companies with MarketBeat.com's FREE daily email newsletter.