Here is the rundown on market activity for Wayfair Inc. Class A Common Sto (NYSE:W). Yesterday CAO Nicholas Malone disclosed the sale of 6,400 shares of (W). The shares were sold on September 7th for a price of $40.74. Malone now owns $5,212,968 of the stock according to the SEC filing. Jeremy Delinsky, CTO reported the sale of 2,730 shares of W stock. The shares were purchased at an average price of $39.02. The CTO now owns $1,695,263 of the stock per the Form 4 SEC filing.
Michael Andrew Kumin, Director let go of $19,175,000 worth of shares at a price of $38.35 on Tue the 30th. That brings Kumin’s holdings to $254,664,556 as reported to the SEC.
Here are a few other firms who have also updated their positions. BNP Paribas Investment Partners S.A. bolstered its ownership by buying 22,950 shares an increase of 17.3% from 12/31/2015 to 06/30/2016. BNP Paribas Investment Partners S.A. controls 155,618 shares worth $6,069,000. The total value of its holdings decreased 3.9%. As of the end of the quarter Royal Bank Of Canada had acquired a total of 29,180 shares growing its holdings by 29,180.0%. The value of the total investment in Wayfair Inc. Class A Common Sto went from $4,000 to $1,142,000 a change of $1,138,000 quarter over quarter.
Schwab Charles Investment Management Inc expanded its investment by buying 20,454 shares an increase of 25.5% as of 06/30/2016. 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%. As of quarter end Metropolitan Life Insurance Co/ny had bought 8,424 shares growing its stake by 57.9%. The value in dollars increased from $629,000 to $896,000 increasing 42.4% for the reporting period.
On June 16 analysts at Longbow Research added the stock to its research portfolio with an initial rating of “Neutral”. On June 10, 2016 William Blair started covering W setting a rating of “Market Perform”.
Maxim Group initiated coverage by announcing an initial rating of “”. Equity analyst JP Morgan initiated coverage on the stock with a rating of “Neutral” and price target of $45.00.
On April 11, 2016 Buckingham Research added W to its research portfolio giving it an initial rating of “Buy”. Sterne Agee CRT started coverage with an initial rating of “Neutral”.
The company is down since yesterday’s close of $41.24. Company shares last traded at $40.52 a tad higher than the 50 day moving average which is $39.47 and just a bit higher than 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 went up by +0.54%.
As of the last earnings report the EPS was $-1.43 and is estimated to be $-1.67 for the current year with 84,995,000 shares currently outstanding. Next quarter’s EPS is expected be $-0.25 and the next full year EPS is projected to be $-0.75.