Wayfair Inc. (W) Insider John Champlin Mulliken Sells 700 Shares of Stock

Wayfair Inc. (NYSE:W) insider John Champlin Mulliken sold 700 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $67.99, for a total value of $47,593.00. Following the completion of the sale, the insider now owns 184,595 shares of the company’s stock, valued at $12,550,614.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Friday, November 24th, John Champlin Mulliken sold 700 shares of Wayfair stock. The shares were sold at an average price of $68.19, for a total value of $47,733.00.
  • On Wednesday, November 15th, John Champlin Mulliken sold 990 shares of Wayfair stock. The shares were sold at an average price of $63.53, for a total value of $62,894.70.
  • On Thursday, November 9th, John Champlin Mulliken sold 700 shares of Wayfair stock. The shares were sold at an average price of $57.01, for a total value of $39,907.00.
  • On Thursday, November 2nd, John Champlin Mulliken sold 941 shares of Wayfair stock. The shares were sold at an average price of $62.37, for a total value of $58,690.17.
  • On Thursday, October 26th, John Champlin Mulliken sold 700 shares of Wayfair stock. The shares were sold at an average price of $64.73, for a total value of $45,311.00.
  • On Thursday, October 19th, John Champlin Mulliken sold 700 shares of Wayfair stock. The shares were sold at an average price of $67.57, for a total value of $47,299.00.
  • On Monday, October 16th, John Champlin Mulliken sold 1,673 shares of Wayfair stock. The shares were sold at an average price of $69.17, for a total value of $115,721.41.
  • On Thursday, October 5th, John Champlin Mulliken sold 700 shares of Wayfair stock. The shares were sold at an average price of $71.37, for a total value of $49,959.00.
  • On Monday, October 2nd, John Champlin Mulliken sold 936 shares of Wayfair stock. The shares were sold at an average price of $68.61, for a total value of $64,218.96.
  • On Thursday, September 21st, John Champlin Mulliken sold 700 shares of Wayfair stock. The shares were sold at an average price of $82.02, for a total value of $57,414.00.

Wayfair Inc. (NYSE W) traded up $0.24 during trading on Friday, hitting $70.23. 1,295,477 shares of the stock traded hands, compared to its average volume of 1,785,388. The company has a debt-to-equity ratio of 135.98, a quick ratio of 1.17 and a current ratio of 1.19. Wayfair Inc. has a fifty-two week low of $34.30 and a fifty-two week high of $84.19.

Wayfair (NYSE:W) last posted its quarterly earnings results on Thursday, November 2nd. The company reported ($0.65) EPS 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 analysts’ expectations of $1.21 billion. During the same period in the previous year, the company posted ($0.54) EPS. Wayfair’s revenue was up 39.1% on a year-over-year basis. equities analysts expect that Wayfair Inc. will post -2.63 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. FMR LLC grew its holdings in shares of Wayfair by 2.7% during the 2nd quarter. FMR LLC now owns 7,757,688 shares of the company’s stock valued at $596,411,000 after acquiring an additional 207,443 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Wayfair by 16.3% during the 2nd quarter. Vanguard Group Inc. now owns 3,028,832 shares of the company’s stock valued at $232,857,000 after acquiring an additional 423,631 shares in the last quarter. Baillie Gifford & Co. grew its holdings in shares of Wayfair by 1.3% during the 3rd quarter. Baillie Gifford & Co. now owns 1,938,701 shares of the company’s stock valued at $130,669,000 after acquiring an additional 24,027 shares in the last quarter. Artisan Partners Limited Partnership purchased a new position in shares of Wayfair during the 3rd quarter valued at $81,855,000. Finally, Allen Investment Management LLC grew its holdings in shares of Wayfair by 11.4% during the 3rd quarter. Allen Investment Management LLC now owns 980,000 shares of the company’s stock valued at $66,052,000 after acquiring an additional 100,000 shares in the last quarter. Institutional investors and hedge funds own 66.95% of the company’s stock.

Several research firms have issued reports on W. Zacks Investment Research cut Wayfair from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. Wedbush dropped their price target on Wayfair from $82.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday, November 3rd. KeyCorp reaffirmed a “hold” rating on shares of Wayfair in a report on Friday, November 3rd. Citigroup dropped their price target on Wayfair from $80.00 to $66.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. Finally, Robert W. Baird dropped their price target on Wayfair from $73.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, November 3rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $76.01.

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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.

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