Steven Conine Sells 1,226 Shares of Wayfair Inc. (W) Stock

Wayfair Inc. (NYSE:W) insider Steven Conine sold 1,226 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $64.08, for a total value of $78,562.08. Following the sale, the insider now directly owns 61,641 shares of the company’s stock, valued at approximately $3,949,955.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Monday, August 28th, Steven Conine sold 14,400 shares of Wayfair stock. The shares were sold at an average price of $68.52, for a total value of $986,688.00.
  • On Tuesday, August 29th, Steven Conine sold 41,200 shares of Wayfair stock. The shares were sold at an average price of $67.87, for a total value of $2,796,244.00.
  • On Wednesday, August 23rd, Steven Conine sold 40,000 shares of Wayfair stock. The shares were sold at an average price of $66.50, for a total value of $2,660,000.00.

Wayfair Inc. (NYSE:W) traded up $0.49 during trading hours on Friday, hitting $66.39. The company had a trading volume of 1,250,000 shares, compared to its average volume of 2,590,000. The company has a debt-to-equity ratio of 135.98, a quick ratio of 1.17 and a current ratio of 1.19. Wayfair Inc. has a fifty-two week low of $32.60 and a fifty-two week high of $84.19.

Wayfair (NYSE:W) last released its quarterly earnings results on Thursday, November 2nd. The company reported ($0.65) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.68) by $0.03. Wayfair had a negative return on equity of 658.45% and a negative net margin of 5.06%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the previous year, the firm posted ($0.54) earnings per share. The company’s revenue was up 39.1% compared to the same quarter last year. equities research analysts predict that Wayfair Inc. will post -2.58 earnings per share for the current year.

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Several large investors have recently added to or reduced their stakes in W. Artisan Partners Limited Partnership acquired a new position in shares of Wayfair in the third quarter worth about $81,855,000. Bank of New York Mellon Corp raised its stake in Wayfair by 331.0% during the third quarter. Bank of New York Mellon Corp now owns 583,843 shares of the company’s stock valued at $39,351,000 after buying an additional 448,390 shares in the last quarter. Vanguard Group Inc. raised its stake in Wayfair by 16.3% during the second quarter. Vanguard Group Inc. now owns 3,028,832 shares of the company’s stock valued at $232,857,000 after buying an additional 423,631 shares in the last quarter. Zevenbergen Capital Investments LLC raised its stake in Wayfair by 542.6% during the third quarter. Zevenbergen Capital Investments LLC now owns 461,190 shares of the company’s stock valued at $31,084,000 after buying an additional 389,420 shares in the last quarter. Finally, Lord Abbett & CO. LLC acquired a new stake in Wayfair during the second quarter valued at approximately $27,345,000. Institutional investors and hedge funds own 66.99% of the company’s stock.

A number of research firms have issued reports on W. Canaccord Genuity reissued a “buy” rating on shares of Wayfair in a research report on Tuesday, August 8th. Buckingham Research reissued a “buy” rating and set a $95.00 price target on shares of Wayfair in a research report on Thursday, August 10th. BidaskClub downgraded Wayfair from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Credit Suisse Group upped their target price on Wayfair from $75.00 to $78.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 9th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Wayfair in a research report on Friday, September 29th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $76.01.

Wayfair Company Profile

Wayfair Inc (Wayfair) offers browsing, merchandising and product discovery for a range of products from various suppliers. The Company operates through two segments: U.S. and International. The U.S. segment consists of amounts earned through product sales through the Company’s five sites in the United States and through sites operated by third parties in the United States.

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

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