Wayfair Inc. Class A Common Sto (NYSE:W) has been the object of insider selling activity recently. Nicholas Malone, CAO let go of $260,736 worth of shares at a price of $40.74 on Wed the 7th. Malone now owns $5,212,968 of stock per an SEC filing yesterday. Jeremy Delinsky, CTO reported the sale of 2,730 shares of (W). The shares were purchased at an average price of $39.02. Delinsky now owns $1,695,263 of the stock according to the SEC filing.
Michael Andrew Kumin, Director reported the sale of 500,000 shares. The shares were sold on August 30th for a price of $38.35. The Director now owns $254,664,556 of the stock per the Form 4 SEC filing.
Here are a few other firms who have also updated their positions. As of quarter end BNP Paribas Investment Partners S.A. had bought 22,950 shares growing its holdings by 17.3%. The value of the total investment in Wayfair Inc. Class A Common Sto decreased from $6,318,000 to $6,069,000 a change of 3.9% quarter to quarter. Royal Bank Of Canada expanded its stake by buying 29,180 shares an increase of 29,180.0% from 03/31/2016 to 06/30/2016. Royal Bank Of Canada owns 29,280 shares worth $1,142,000. The total value of its holdings increased 28,450.0%.
Schwab Charles Investment Management Inc grew its holdings by buying 20,454 shares an increase of 25.5%. Schwab Charles Investment Management Inc now controls 100,671 shares valued at $3,927,000. The value of the position overall is up by 2.8%. Metropolitan Life Insurance Co/ny bolstered its ownership by buying 8,424 shares an increase of 57.9% as of 06/30/2016. Metropolitan Life Insurance Co/ny claims 22,972 shares with a value of $896,000. The value of the position overall is up by 42.4%.
Longbow Research began coverage setting a rating of “Neutral”. On June 10 analysts at William Blair began coverage of the stock with an initial rating of “Market Perform”.
Equity analyst Maxim Group began coverage of W giving it an initial rating of “”. On April 25, 2016 JP Morgan issued its first research report on the stock by announcing an initial rating of “Neutral” and a price target of $45.00.
Buckingham Research released its first research report on the stock with a rating of “Buy”. On April 6 analysts at Sterne Agee CRT initiated coverage on the stock setting a rating of “Neutral”.
The company is so far trading down since yesterday’s close of $41.24. It is trading at $40.52 which is just a bit higher than the 50 day moving average which is $39.47 and which is slightly above the 200 day moving average of $40.30. The 50 day moving average went up $1.05 or +2.67% and the 200 day average moved up $0.22.
In the last earnings report the EPS was $-1.43 and is projected to be $-1.67 for the current year with 84,995,000 shares presently outstanding. Next quarter’s EPS is estimated at $-0.25 and the next full year EPS is anticipated to be $-0.75.