John Champlin Mulliken Sells 2,970 Shares of Wayfair Inc. (W) Stock
Wayfair Inc. (NYSE:W) SVP John Champlin Mulliken sold 2,970 shares of the company’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $39.51, for a total value of $117,344.70. Following the completion of the sale, the senior vice president now directly owns 219,785 shares in the company, valued at $8,683,705.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Wayfair Inc. (NYSE:W) opened at 42.76 on Thursday. The company’s market cap is $3.63 billion. Wayfair Inc. has a 1-year low of $28.85 and a 1-year high of $50.00. The stock has a 50 day moving average price of $40.16 and a 200 day moving average price of $40.39.
Wayfair (NYSE:W) last released its quarterly earnings results on Tuesday, August 9th. The company reported ($0.43) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.41) by $0.02. The company earned $755.70 million during the quarter, compared to the consensus estimate of $782.43 million. Wayfair had a negative return on equity of 56.95% and a negative net margin of 4.20%. The company’s revenue was up 60.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.15) earnings per share. On average, equities research analysts anticipate that Wayfair Inc. will post ($1.67) EPS for the current fiscal year.
W has been the topic of several recent research reports. Vetr cut Wayfair from a “strong-buy” rating to a “buy” rating and set a $48.00 price target on the stock. in a research note on Wednesday, June 8th. Maxim Group assumed coverage on Wayfair in a research note on Thursday, May 26th. They issued a “buy” rating and a $50.00 target price on the stock. Cowen and Company reissued a “buy” rating and issued a $61.00 target price on shares of Wayfair in a research note on Tuesday, June 21st. Zacks Investment Research raised Wayfair from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research note on Thursday, August 11th. Finally, Pacific Crest reissued an “equal weight” rating on shares of Wayfair in a research note on Sunday, August 14th. Fourteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Wayfair currently has an average rating of “Hold” and a consensus price target of $51.49.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in W. Baillie Gifford & Co. raised its position in Wayfair by 134.8% in the second quarter. Baillie Gifford & Co. now owns 1,509,644 shares of the company’s stock valued at $58,876,000 after buying an additional 866,829 shares during the last quarter. Samlyn Capital LLC bought a new position in Wayfair during the first quarter valued at approximately $31,237,000. Emerald Acquisition Ltd. bought a new position in Wayfair during the second quarter valued at approximately $20,508,000. Mitsubishi UFJ Trust & Banking Corp raised its position in Wayfair by 99.8% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 640,840 shares of the company’s stock valued at $24,993,000 after buying an additional 320,074 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D raised its position in Wayfair by 60.9% in the second quarter. State of New Jersey Common Pension Fund D now owns 708,000 shares of the company’s stock valued at $27,612,000 after buying an additional 268,000 shares during the last quarter. 71.84% of the stock is owned by hedge funds and other institutional investors.
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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