Insider Selling: Wayfair Inc. (W) Insider Sells 244 Shares of Stock

Wayfair Inc. (NYSE:W) insider Nicholas Malone sold 244 shares of Wayfair stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $76.86, for a total value of $18,753.84. Following the completion of the sale, the insider now directly owns 5,492 shares in the company, valued at $422,115.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Nicholas Malone also recently made the following trade(s):

  • On Monday, July 10th, Nicholas Malone sold 1,500 shares of Wayfair stock. The stock was sold at an average price of $73.87, for a total value of $110,805.00.
  • On Wednesday, June 7th, Nicholas Malone sold 1,500 shares of Wayfair stock. The stock was sold at an average price of $69.58, for a total value of $104,370.00.
  • On Friday, May 5th, Nicholas Malone sold 1,500 shares of Wayfair stock. The stock was sold at an average price of $48.75, for a total value of $73,125.00.
  • On Wednesday, April 19th, Nicholas Malone sold 4,500 shares of Wayfair stock. The stock was sold at an average price of $45.00, for a total value of $202,500.00.
  • On Friday, April 7th, Nicholas Malone sold 1,000 shares of Wayfair stock. The stock was sold at an average price of $41.77, for a total value of $41,770.00.

Shares of Wayfair Inc. (NYSE W) opened at 75.05 on Tuesday. The company has a 50 day moving average price of $68.82 and a 200 day moving average price of $48.02. Wayfair Inc. has a 12-month low of $27.60 and a 12-month high of $79.33. The stock’s market cap is $6.50 billion.

Wayfair (NYSE:W) last issued its earnings results on Tuesday, May 9th. The company reported ($0.48) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.80) by $0.32. Wayfair had a negative return on equity of 215.36% and a negative net margin of 5.84%. The firm had revenue of $960.80 million for the quarter, compared to analysts’ expectations of $934.84 million. During the same quarter last year, the firm earned ($0.36) earnings per share. The firm’s revenue for the quarter was up 28.6% compared to the same quarter last year. Analysts anticipate that Wayfair Inc. will post ($1.56) earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This report was published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this report on another publication, it was stolen and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this report can be read at https://www.chaffeybreeze.com/2017/07/18/nicholas-malone-sells-244-shares-of-wayfair-inc-w-stock-updated.html.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. First Personal Financial Services boosted its position in shares of 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 during 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 valued at $109,000 after buying an additional 960 shares during the period. Ameritas Investment Partners Inc. bought a new position in Wayfair during the first quarter valued at 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 valued at $114,000 after buying an additional 247 shares during the period. 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 valued at $121,000 after buying an additional 2,900 shares during the period.

A number of equities analysts have weighed in on the company. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Wayfair in a research note on Saturday, May 6th. Piper Jaffray Companies set a $87.00 price objective on Wayfair and gave the stock a “buy” rating in a research note on Saturday, July 1st. Robert W. Baird boosted their price objective on Wayfair from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 29th. Zacks Investment Research lowered Wayfair from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. Finally, Buckingham Research restated a “buy” rating and issued a $95.00 target price (up previously from $72.00) on shares of Wayfair in a research report on Thursday, July 13th. They noted that the move was a valuation call. Eleven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Wayfair presently has a consensus rating of “Buy” and a consensus price target of $61.03.

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.

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

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