Wayfair Inc (W) Insider Steven Conine Sells 31,000 Shares

Wayfair Inc (NYSE:W) insider Steven Conine sold 31,000 shares of Wayfair stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $161.42, for a total value of $5,004,020.00. Following the completion of the transaction, the insider now directly owns 58,980 shares of the company’s stock, valued at $9,520,551.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Monday, April 8th, Steven Conine sold 26,464 shares of Wayfair stock. The stock was sold at an average price of $150.21, for a total value of $3,975,157.44.
  • On Monday, March 4th, Steven Conine sold 31,000 shares of Wayfair stock. The stock was sold at an average price of $165.76, for a total value of $5,138,560.00.
  • On Monday, February 4th, Steven Conine sold 14,000 shares of Wayfair stock. The stock was sold at an average price of $111.25, for a total value of $1,557,500.00.
  • On Tuesday, January 22nd, Steven Conine sold 4,000 shares of Wayfair stock. The stock was sold at an average price of $97.99, for a total value of $391,960.00.
  • On Monday, January 14th, Steven Conine sold 4,000 shares of Wayfair stock. The stock was sold at an average price of $94.38, for a total value of $377,520.00.
  • On Monday, December 31st, Steven Conine sold 800 shares of Wayfair stock. The shares were sold at an average price of $92.69, for a total value of $74,152.00.
  • On Thursday, December 27th, Steven Conine sold 4,000 shares of Wayfair stock. The shares were sold at an average price of $92.06, for a total value of $368,240.00.

Shares of NYSE W traded down $0.54 during trading hours on Friday, hitting $145.21. The company had a trading volume of 1,284,888 shares, compared to its average volume of 1,736,342. Wayfair Inc has a 1-year low of $60.53 and a 1-year high of $173.72. The company has a market cap of $13.23 billion, a PE ratio of -25.88 and a beta of 2.03.

Wayfair (NYSE:W) last posted its quarterly earnings data on Friday, February 22nd. The company reported ($1.12) earnings per share for the quarter, topping the consensus estimate of ($1.80) by $0.68. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.97 billion. The firm’s quarterly revenue was up 40.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.58) EPS. As a group, equities analysts predict that Wayfair Inc will post -7.81 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in W. LS Investment Advisors LLC acquired a new stake in Wayfair in the fourth quarter valued at about $60,000. Strs Ohio acquired a new stake in shares of Wayfair during the first quarter valued at about $102,000. JS Capital Management LLC acquired a new stake in shares of Wayfair during the third quarter valued at about $103,000. Brandywine Global Investment Management LLC boosted its stake in shares of Wayfair by 7,322.2% during the fourth quarter. Brandywine Global Investment Management LLC now owns 1,336 shares of the company’s stock valued at $121,000 after purchasing an additional 1,318 shares in the last quarter. Finally, Flagship Harbor Advisors LLC boosted its stake in shares of Wayfair by 150.5% during the first quarter. Flagship Harbor Advisors LLC now owns 932 shares of the company’s stock valued at $138,000 after purchasing an additional 560 shares in the last quarter. 80.81% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently commented on W. Zacks Investment Research cut Wayfair from a “buy” rating to a “hold” rating in a research note on Monday, February 11th. Canaccord Genuity reiterated a “buy” rating and issued a $175.00 price objective (up from $130.00) on shares of Wayfair in a research report on Monday, February 25th. Gordon Haskett upgraded Wayfair from a “hold” rating to an “accumulate” rating in a research report on Thursday, March 21st. Wedbush boosted their price objective on Wayfair from $100.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, February 25th. Finally, Buckingham Research boosted their price objective on Wayfair from $130.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, February 25th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $144.63.

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About Wayfair

Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. It provides approximately 14 million products for the home sector under various brands. The company offers selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold.

Further Reading: Gross Domestic Product (GDP)

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

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