Here is the rundown on market activity for Wayfair Inc. Class A Common Sto (NYSE:W). Nicholas Malone, CAO sold $260,736 worth of shares at a price of $40.74 on Wed the 7th. That brings the CAO’s holdings to $5,212,968 as reported to the SEC. Jeremy Delinsky, CTO let go of $106,525 worth of shares at an average price of $39.02 on September 1st. That brings Delinsky’s holdings to $1,695,263 per an SEC filing yesterday.
Michael Andrew Kumin, Director disclosed the sale of 500,000 shares of W stock. The shares sold for $38.35. Kumin now owns $254,664,556 of the stock according to the SEC filing.
The following firms have also recently changed their position in W. BNP Paribas Investment Partners S.A. augmented its ownership by buying 22,950 shares an increase of 17.3% as of 06/30/2016. BNP Paribas Investment Partners S.A. controls 155,618 shares valued at $6,069,000. The value of the position overall is down by 3.9%. As of the end of the quarter Royal Bank Of Canada had bought 29,180 shares growing its holdings by 29,180.0%. The value of the company’s investment in Wayfair Inc. Class A Common Sto increased from $4,000 to $1,142,000 increasing 28,450.0% since the last quarter.
Schwab Charles Investment Management Inc expanded its investment by buying 20,454 shares an increase of 25.5%. Schwab Charles Investment Management Inc owns 100,671 shares with a value of $3,927,000. The total value of its holdings increased 2.8%. As of quarter end Metropolitan Life Insurance Co/ny had acquired a total of 8,424 shares growing its position 57.9%. The value of the investment in Wayfair Inc. Class A Common Sto went from $629,000 to $896,000 a change of 42.4% quarter to quarter.
Equity analyst Longbow Research began coverage giving it an initial rating of “Neutral”. On June 10 analysts at William Blair released its first research report on the stock setting a rating of “Market Perform”.
On May 26, 2016 Maxim Group initiated coverage on the stock by announcing an initial rating of “”. JP Morgan started coverage with a rating of “Neutral” and setting a price target of $45.00.
On April 11, 2016 Buckingham Research added the stock to its research portfolio with an initial rating of “Buy”. On April 6, 2016 Sterne Agee CRT starting coverage on the stock giving it an initial rating of “Neutral”.
The company is now down by -1.75 percent from yesterday’s close. It is currently trading at $40.52 a tad higher than $39.47, the stock’s 50 day moving average and just above the 200 day moving average of $40.30. The 50 day moving average was up by +2.67% whereas the 200 day moving average was up $0.22 or +0.54%.
As of 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 outstanding. Next quarter’s EPS is estimated at $-0.25 and the next full year EPS is projected to be $-0.75.