Wayfair Inc (W) Insider Steven Conine Sells 2,000 Shares

Wayfair Inc (NYSE:W) insider Steven Conine sold 2,000 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $98.09, for a total value of $196,180.00. Following the completion of the transaction, the insider now directly owns 32,296 shares in the company, valued at $3,167,914.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Thursday, February 15th, Steven Conine sold 769 shares of Wayfair stock. The shares were sold at an average price of $95.76, for a total value of $73,639.44.
  • On Monday, February 5th, Steven Conine sold 2,000 shares of Wayfair stock. The shares were sold at an average price of $92.21, for a total value of $184,420.00.
  • On Monday, January 29th, Steven Conine sold 2,000 shares of Wayfair stock. The shares were sold at an average price of $93.77, for a total value of $187,540.00.

Wayfair Inc (W) opened at $96.30 on Wednesday. The stock has a market capitalization of $8,460.00, a P/E ratio of -38.67 and a beta of 1.05. The company has a current ratio of 1.19, a quick ratio of 1.17 and a debt-to-equity ratio of 135.98. Wayfair Inc has a 1 year low of $35.36 and a 1 year high of $100.14.

A number of brokerages have recently commented on W. Piper Jaffray Companies restated an “overweight” rating and issued a $112.00 target price (up previously from $89.00) on shares of Wayfair in a research note on Thursday, February 15th. Wedbush set a $98.00 target price on Wayfair and gave the stock a “buy” rating in a research note on Tuesday. Bank of America upped their target price on Wayfair from $97.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday. Zacks Investment Research downgraded Wayfair from a “hold” rating to a “sell” rating in a research note on Saturday, February 3rd. Finally, DA Davidson restated a “hold” rating and issued a $60.00 target price on shares of Wayfair in a research note on Friday, November 3rd. Fourteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $83.32.

Hedge funds have recently modified their holdings of the business. Delta Asset Management LLC TN boosted its position in Wayfair by 375.0% during the third quarter. Delta Asset Management LLC TN now owns 1,900 shares of the company’s stock worth $128,000 after purchasing an additional 1,500 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Wayfair by 52.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,803 shares of the company’s stock worth $145,000 after purchasing an additional 624 shares in the last quarter. Advisors Asset Management Inc. boosted its position in Wayfair by 1,512.5% during the third quarter. Advisors Asset Management Inc. now owns 2,322 shares of the company’s stock worth $157,000 after purchasing an additional 2,178 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Wayfair by 78.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,403 shares of the company’s stock worth $193,000 after purchasing an additional 1,056 shares in the last quarter. Finally, Mohican Financial Management LLC purchased a new position in shares of Wayfair in the third quarter valued at approximately $194,000. Institutional investors own 71.30% of the company’s stock.

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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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