Insider Selling: Wayfair Inc (W) Insider Sells $83,466.00 in Stock

Wayfair Inc (NYSE:W) insider Steven Conine sold 900 shares of the company’s stock in a transaction dated Monday, November 26th. The stock was sold at an average price of $92.74, for a total value of $83,466.00. Following the transaction, the insider now directly owns 45,163 shares of the company’s stock, valued at $4,188,416.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Steven Conine also recently made the following trade(s):

  • On Wednesday, November 28th, Steven Conine sold 5,450 shares of Wayfair stock. The stock was sold at an average price of $103.60, for a total value of $564,620.00.
  • On Monday, October 29th, Steven Conine sold 9,424 shares of Wayfair stock. The stock was sold at an average price of $106.93, for a total value of $1,007,708.32.
  • On Wednesday, October 31st, Steven Conine sold 10,925 shares of Wayfair stock. The shares were sold at an average price of $107.66, for a total value of $1,176,185.50.
  • On Monday, October 22nd, Steven Conine sold 17,000 shares of Wayfair stock. The shares were sold at an average price of $124.31, for a total value of $2,113,270.00.
  • On Wednesday, September 26th, Steven Conine sold 26,000 shares of Wayfair stock. The shares were sold at an average price of $138.02, for a total value of $3,588,520.00.
  • On Tuesday, September 11th, Steven Conine sold 26,000 shares of Wayfair stock. The shares were sold at an average price of $137.11, for a total value of $3,564,860.00.

W opened at $106.20 on Friday. Wayfair Inc has a 12-month low of $60.53 and a 12-month high of $151.20. The company has a market capitalization of $9.52 billion, a PE ratio of -37.93 and a beta of 1.84.

Wayfair (NYSE:W) last released its quarterly earnings data on Thursday, November 1st. The company reported ($1.28) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.09) by ($0.19). The firm had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period last year, the firm posted ($0.65) earnings per share. The firm’s revenue was up 42.4% on a year-over-year basis. Sell-side analysts anticipate that Wayfair Inc will post -5.64 EPS for the current year.

Several brokerages recently commented on W. Zacks Investment Research raised Wayfair from a “sell” rating to a “hold” rating in a research report on Wednesday, August 8th. Loop Capital set a $155.00 price target on Wayfair and gave the company a “buy” rating in a research report on Monday, September 10th. Canaccord Genuity reduced their price target on Wayfair from $165.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, November 2nd. Bank of America cut Wayfair from a “buy” rating to a “neutral” rating and increased their price target for the company from $130.00 to $160.00 in a research report on Thursday, September 13th. Finally, MKM Partners increased their price target on Wayfair from $130.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, September 27th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Wayfair presently has a consensus rating of “Hold” and an average price target of $126.06.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC lifted its position in shares of Wayfair by 2.0% in the third quarter. FMR LLC now owns 8,949,120 shares of the company’s stock valued at $1,321,516,000 after buying an additional 176,243 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Wayfair by 7.5% during the third quarter. Vanguard Group Inc. now owns 4,761,964 shares of the company’s stock worth $703,199,000 after purchasing an additional 332,832 shares during the period. Baillie Gifford & Co. increased its stake in shares of Wayfair by 5.5% during the third quarter. Baillie Gifford & Co. now owns 2,845,496 shares of the company’s stock worth $420,194,000 after purchasing an additional 148,791 shares during the period. Janus Henderson Group PLC increased its stake in shares of Wayfair by 3.9% during the second quarter. Janus Henderson Group PLC now owns 2,409,863 shares of the company’s stock worth $286,195,000 after purchasing an additional 90,212 shares during the period. Finally, Scopia Capital Management LP bought a new position in shares of Wayfair during the second quarter worth approximately $252,032,000. 70.89% of the stock is owned by institutional investors.

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Wayfair Company Profile

Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. The company offers approximately 10 million products for the home sector under various brands. It offers a selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, such as Wayfair, Joss & Main, AllModern, DwellStudio, Perigold, and Birch Lane.

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

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