Wayfair Inc (NYSE:W) insider Steve Oblak sold 3,570 shares of Wayfair stock in a transaction dated Friday, September 21st. The shares were sold at an average price of $136.24, for a total transaction of $486,376.80. Following the completion of the transaction, the insider now directly owns 116,325 shares of the company’s stock, valued at $15,848,118. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

  • On Monday, September 17th, Steve Oblak sold 4,678 shares of Wayfair stock. The shares were sold at an average price of $146.62, for a total transaction of $685,888.36.
  • On Wednesday, August 1st, Steve Oblak sold 225 shares of Wayfair stock. The shares were sold at an average price of $109.36, for a total transaction of $24,606.00.
  • On Friday, July 6th, Steve Oblak sold 3,570 shares of Wayfair stock. The shares were sold at an average price of $118.32, for a total transaction of $422,402.40.

NYSE:W traded up $3.46 during mid-day trading on Tuesday, hitting $141.14. The stock had a trading volume of 981,100 shares, compared to its average volume of 1,724,838. The company has a market cap of $12.01 billion, a PE ratio of -50.41 and a beta of 1.51. Wayfair Inc has a 52 week low of $55.33 and a 52 week high of $151.20. The company has a quick ratio of 0.86, a current ratio of 0.89 and a debt-to-equity ratio of -2.47.

Wayfair (NYSE:W) last issued its quarterly earnings data on Thursday, August 2nd. The company reported ($0.77) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.73) by ($0.04). The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.60 billion. Wayfair had a negative net margin of 6.28% and a negative return on equity of 31,507.11%. The company’s revenue for the quarter was up 47.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.26) earnings per share. equities analysts anticipate that Wayfair Inc will post -5.17 EPS for the current year.

Large investors have recently modified their holdings of the stock. Engineers Gate Manager LP bought a new stake in shares of Wayfair during the 2nd quarter worth about $208,000. Peregrine Asset Advisers Inc. bought a new stake in shares of Wayfair during the 2nd quarter worth about $214,000. World Asset Management Inc bought a new stake in shares of Wayfair during the 2nd quarter worth about $214,000. Comerica Bank bought a new stake in shares of Wayfair during the 2nd quarter worth about $255,000. Finally, BB&T Securities LLC bought a new stake in shares of Wayfair during the 2nd quarter worth about $298,000. Hedge funds and other institutional investors own 72.43% of the company’s stock.

Several research firms have recently commented on W. Zacks Investment Research raised shares of Wayfair from a “sell” rating to a “hold” rating in a report on Saturday, June 30th. MKM Partners lifted their price target on shares of Wayfair from $92.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, June 20th. Robert W. Baird lifted their price target on shares of Wayfair to $118.00 and gave the company a “neutral” rating in a report on Friday, August 3rd. Morgan Stanley set a $105.00 price target on shares of Wayfair and gave the company a “hold” rating in a report on Tuesday, August 7th. Finally, Gordon Haskett lowered shares of Wayfair from an “accumulate” rating to a “hold” rating in a report on Wednesday, July 25th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $121.50.

About Wayfair

Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. The company offers approximately 10 million products for the home sector under various brands. It offers a selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, such as Wayfair, Joss & Main, AllModern, DwellStudio, Perigold, and Birch Lane.

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

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