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

Wayfair Inc. (NYSE:W) insider Steve Oblak sold 300 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $71.63, for a total value of $21,489.00. Following the completion of the sale, the insider now directly owns 125,295 shares in the company, valued at approximately $8,974,880.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Monday, November 20th, Steve Oblak sold 300 shares of Wayfair stock. The shares were sold at an average price of $66.57, for a total value of $19,971.00.
  • On Monday, October 23rd, Steve Oblak sold 300 shares of Wayfair stock. The shares were sold at an average price of $67.47, for a total value of $20,241.00.
  • On Monday, October 16th, Steve Oblak sold 406 shares of Wayfair stock. The shares were sold at an average price of $71.33, for a total value of $28,959.98.
  • On Monday, October 9th, Steve Oblak sold 300 shares of Wayfair stock. The shares were sold at an average price of $68.84, for a total value of $20,652.00.
  • On Monday, October 2nd, Steve Oblak sold 237 shares of Wayfair stock. The shares were sold at an average price of $67.21, for a total value of $15,928.77.
  • On Monday, September 25th, Steve Oblak sold 300 shares of Wayfair stock. The stock was sold at an average price of $74.36, for a total value of $22,308.00.
  • On Friday, September 15th, Steve Oblak sold 4,174 shares of Wayfair stock. The stock was sold at an average price of $79.92, for a total value of $333,586.08.
  • On Monday, September 11th, Steve Oblak sold 300 shares of Wayfair stock. The stock was sold at an average price of $77.23, for a total value of $23,169.00.
  • On Tuesday, September 12th, Steve Oblak sold 400 shares of Wayfair stock. The stock was sold at an average price of $77.92, for a total value of $31,168.00.

Wayfair Inc. (W) traded up $1.15 during midday trading on Thursday, reaching $74.92. 720,168 shares of the company’s stock traded hands, compared to its average volume of 1,541,651. The company has a debt-to-equity ratio of 135.98, a current ratio of 1.19 and a quick ratio of 1.17. Wayfair Inc. has a one year low of $34.30 and a one year high of $84.19.

Wayfair (NYSE:W) last released its quarterly earnings data on Thursday, November 2nd. The company reported ($0.65) earnings per share (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 company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the prior year, the firm posted ($0.54) earnings per share. Wayfair’s revenue for the quarter was up 39.1% on a year-over-year basis. sell-side analysts anticipate that Wayfair Inc. will post -2.63 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA boosted its stake in Wayfair by 96.2% in the second quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock valued at $105,000 after acquiring an additional 667 shares in the last quarter. UBS Group AG boosted its stake 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 acquiring an additional 960 shares in the last quarter. Delta Asset Management LLC TN boosted its stake in Wayfair by 375.0% in the third quarter. Delta Asset Management LLC TN now owns 1,900 shares of the company’s stock valued at $128,000 after acquiring an additional 1,500 shares in the last quarter. First Mercantile Trust Co. acquired a new position in Wayfair in the second quarter valued at $138,000. Finally, Advisors Asset Management Inc. boosted its stake in Wayfair by 1,512.5% in the third quarter. Advisors Asset Management Inc. now owns 2,322 shares of the company’s stock valued at $157,000 after acquiring an additional 2,178 shares in the last quarter. Institutional investors own 66.97% of the company’s stock.

A number of analysts have recently weighed in on W shares. Zacks Investment Research lowered Wayfair from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $89.00 price objective on shares of Wayfair in a research report on Friday, September 8th. Oppenheimer set a $88.00 price objective on Wayfair and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Wedbush reaffirmed an “outperform” rating and set a $82.00 price objective on shares of Wayfair in a research report on Wednesday, October 4th. Finally, Gordon Haskett raised Wayfair from an “accumulate” rating to a “buy” rating and set a $89.00 target price on the stock in a report on Tuesday, September 5th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $76.01.

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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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