John Champlin Mulliken Sells 1,672 Shares of Wayfair Inc. (W) Stock

Wayfair Inc. (NYSE:W) insider John Champlin Mulliken sold 1,672 shares of Wayfair stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $69.00, for a total value of $115,368.00. Following the completion of the sale, the insider now directly owns 188,315 shares of the company’s stock, valued at approximately $12,993,735. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

  • On Thursday, August 10th, John Champlin Mulliken sold 700 shares of Wayfair stock. The stock was sold at an average price of $70.23, for a total value of $49,161.00.
  • On Friday, August 4th, John Champlin Mulliken sold 3,700 shares of Wayfair stock. The stock was sold at an average price of $78.95, for a total value of $292,115.00.
  • On Tuesday, August 1st, John Champlin Mulliken sold 241 shares of Wayfair stock. The stock was sold at an average price of $76.75, for a total value of $18,496.75.
  • On Thursday, July 27th, John Champlin Mulliken sold 1,000 shares of Wayfair stock. The stock was sold at an average price of $79.96, for a total value of $79,960.00.
  • On Wednesday, July 26th, John Champlin Mulliken sold 700 shares of Wayfair stock. The stock was sold at an average price of $80.07, for a total value of $56,049.00.
  • On Thursday, July 20th, John Champlin Mulliken sold 700 shares of Wayfair stock. The stock was sold at an average price of $75.71, for a total value of $52,997.00.
  • On Monday, July 17th, John Champlin Mulliken sold 971 shares of Wayfair stock. The stock was sold at an average price of $76.57, for a total value of $74,349.47.
  • On Thursday, July 13th, John Champlin Mulliken sold 700 shares of Wayfair stock. The stock was sold at an average price of $76.62, for a total value of $53,634.00.
  • On Thursday, July 6th, John Champlin Mulliken sold 700 shares of Wayfair stock. The stock was sold at an average price of $75.19, for a total value of $52,633.00.
  • On Thursday, June 29th, John Champlin Mulliken sold 700 shares of Wayfair stock. The stock was sold at an average price of $74.79, for a total value of $52,353.00.

Shares of Wayfair Inc. (NYSE W) traded down 0.30% during mid-day trading on Friday, hitting $66.87. The stock had a trading volume of 1,192,729 shares. The company’s market cap is $5.83 billion. The stock’s 50-day moving average is $74.83 and its 200 day moving average is $56.94. Wayfair Inc. has a 12 month low of $27.60 and a 12 month high of $82.19.

Wayfair (NYSE:W) last issued its quarterly earnings results on Tuesday, August 8th. The company reported ($0.26) EPS for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.43. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Wayfair had a negative return on equity of 335.44% and a negative net margin of 5.10%. The business’s quarterly revenue was up 42.7% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.43) earnings per share. On average, equities research analysts forecast that Wayfair Inc. will post ($1.46) earnings per share for the current fiscal year.

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Several hedge funds have recently added to or reduced their stakes in W. FMR LLC boosted its stake in Wayfair by 2.7% in the second quarter. FMR LLC now owns 7,757,688 shares of the company’s stock valued at $596,411,000 after buying an additional 207,443 shares in the last quarter. Vanguard Group Inc. boosted its stake in Wayfair by 16.3% in the second quarter. Vanguard Group Inc. now owns 3,028,832 shares of the company’s stock valued at $232,857,000 after buying an additional 423,631 shares in the last quarter. Spruce House Investment Management LLC acquired a new stake in Wayfair during the first quarter valued at about $101,225,000. Baillie Gifford & Co. boosted its stake in Wayfair by 5.7% in the second quarter. Baillie Gifford & Co. now owns 1,914,674 shares of the company’s stock valued at $147,200,000 after buying an additional 102,460 shares in the last quarter. Finally, Columbia Wanger Asset Management LLC acquired a new stake in Wayfair during the first quarter valued at about $42,729,000.

A number of research analysts have weighed in on the company. Zacks Investment Research raised Wayfair from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a report on Thursday, April 27th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $87.00 target price (up previously from $70.00) on shares of Wayfair in a report on Wednesday, June 14th. Maxim Group lifted their target price on Wayfair from $53.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, May 10th. CIBC raised Wayfair from a “market perform” rating to an “outperform” rating in a report on Friday, June 2nd. Finally, Bank of America Corporation raised Wayfair from a “neutral” rating to a “buy” rating and lifted their target price for the company from $44.00 to $75.00 in a report on Tuesday, May 9th. Ten equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $69.15.

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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