Steve Oblak Sells 300 Shares of Wayfair Inc (W) Stock

Wayfair Inc (NYSE:W) SVP Steve Oblak sold 300 shares of the company’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $62.19, for a total value of $18,657.00. Following the completion of the transaction, the senior vice president now owns 115,596 shares in the company, valued at $7,188,915.24. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

  • On Tuesday, May 9th, Steve Oblak sold 75 shares of Wayfair stock. The stock was sold at an average price of $60.00, for a total value of $4,500.00.
  • On Monday, April 24th, Steve Oblak sold 150 shares of Wayfair stock. The stock was sold at an average price of $46.47, for a total value of $6,970.50.
  • On Monday, April 10th, Steve Oblak sold 150 shares of Wayfair stock. The stock was sold at an average price of $43.35, for a total value of $6,502.50.
  • On Monday, April 3rd, Steve Oblak sold 650 shares of Wayfair stock. The stock was sold at an average price of $40.32, for a total value of $26,208.00.
  • On Wednesday, March 29th, Steve Oblak sold 150 shares of Wayfair stock. The stock was sold at an average price of $39.63, for a total value of $5,944.50.
  • On Monday, March 20th, Steve Oblak sold 375 shares of Wayfair stock. The stock was sold at an average price of $39.08, for a total value of $14,655.00.
  • On Wednesday, March 1st, Steve Oblak sold 443 shares of Wayfair stock. The stock was sold at an average price of $38.24, for a total value of $16,940.32.

Shares of Wayfair Inc (NYSE:W) traded up 2.38% on Friday, hitting $65.00. The stock had a trading volume of 727,064 shares. Wayfair Inc has a 52-week low of $27.60 and a 52-week high of $65.80. The company’s market cap is $5.63 billion. The company has a 50-day moving average of $51.92 and a 200-day moving average of $41.76.

Wayfair (NYSE:W) last released its quarterly earnings results on Tuesday, May 9th. The company reported ($0.48) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.80) by $0.32. Wayfair had a negative net margin of 5.29% and a negative return on equity of 91.94%. The company had revenue of $960.80 million for the quarter, compared to analyst estimates of $934.84 million. During the same quarter last year, the firm posted ($0.36) earnings per share. The company’s quarterly revenue was up 28.6% compared to the same quarter last year. On average, equities analysts anticipate that Wayfair Inc will post ($1.60) EPS for the current fiscal year.

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

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Several institutional investors have recently added to or reduced their stakes in W. First Personal Financial Services raised its position in Wayfair by 15.1% in the first quarter. First Personal Financial Services now owns 2,475 shares of the company’s stock worth $100,000 after buying an additional 325 shares in the last quarter. UBS Group AG raised its position in Wayfair by 55.5% in the first quarter. UBS Group AG now owns 2,690 shares of the company’s stock worth $109,000 after buying an additional 960 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new position in Wayfair during the first quarter worth approximately $110,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Wayfair by 9.6% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,820 shares of the company’s stock worth $114,000 after buying an additional 247 shares in the last quarter. Finally, FNY Partners Fund LP raised its position in Wayfair by 2,900.0% in the first quarter. FNY Partners Fund LP now owns 3,000 shares of the company’s stock worth $121,000 after buying an additional 2,900 shares in the last quarter. 70.53% of the stock is currently owned by institutional investors.

A number of equities analysts have recently issued reports on W shares. Canaccord Genuity reiterated a “buy” rating on shares of Wayfair in a report on Tuesday, February 7th. Wedbush upped their price objective on Wayfair from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Wednesday, February 15th. Cowen and Company reiterated an “outperform” rating and issued a $44.00 price objective (up from $39.00) on shares of Wayfair in a report on Wednesday, February 22nd. Raymond James Financial, Inc. cut Wayfair from an “outperform” rating to a “market perform” rating in a report on Friday, February 24th. They noted that the move was a valuation call. Finally, Piper Jaffray Companies started coverage on Wayfair in a report on Friday, March 3rd. They issued an “overweight” rating and a $51.00 price objective for the company. Eleven analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $53.95.

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.

12 Month Chart for NYSE:W

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