Insider Selling: Wayfair Inc (W) Insider Sells 14,200 Shares of Stock

Wayfair Inc (NYSE:W) insider Steven Conine sold 14,200 shares of the business’s stock in a transaction that occurred on Tuesday, July 10th. The stock was sold at an average price of $120.01, for a total value of $1,704,142.00. The sale was disclosed in a filing with the SEC, which is available through this link.

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

  • On Monday, June 18th, Steven Conine sold 5,166 shares of Wayfair stock. The stock was sold at an average price of $111.42, for a total value of $575,595.72.
  • On Wednesday, June 6th, Steven Conine sold 4,000 shares of Wayfair stock. The stock was sold at an average price of $98.45, for a total value of $393,800.00.

Shares of Wayfair traded down $3.53, reaching $117.17, during mid-day trading on Wednesday, according to Marketbeat Ratings. 1,752,119 shares of the company’s stock traded hands, compared to its average volume of 1,825,763. The stock has a market cap of $10.79 billion, a price-to-earnings ratio of -41.20 and a beta of 1.55. Wayfair Inc has a 12 month low of $55.33 and a 12 month high of $122.53. The company has a debt-to-equity ratio of -3.30, a quick ratio of 0.95 and a current ratio of 1.00.

Wayfair (NYSE:W) last released its earnings results on Wednesday, May 2nd. The company reported ($0.91) EPS for the quarter, missing analysts’ consensus estimates of ($0.90) by ($0.01). The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.36 billion. Wayfair had a negative net margin of 5.73% and a negative return on equity of 31,507.11%. The company’s quarterly revenue was up 46.2% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.48) EPS. analysts predict that Wayfair Inc will post -4.5 earnings per share for the current fiscal year.

Several equities research analysts have weighed in on the company. Loop Capital boosted their price objective on Wayfair to $140.00 and gave the stock a “buy” rating in a research note on Friday, June 29th. Bank of America boosted their price objective on Wayfair from $95.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, June 27th. Zacks Investment Research raised Wayfair from a “sell” rating to a “hold” rating in a research note on Saturday, June 30th. Credit Suisse Group boosted their price objective on Wayfair from $76.00 to $82.00 and gave the stock a “hold” rating in a research note on Thursday, May 3rd. Finally, ValuEngine raised Wayfair from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 2nd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $101.17.

Several institutional investors and hedge funds have recently added to or reduced their stakes in W. Kennedy Capital Management Inc. purchased a new stake in shares of Wayfair in the fourth quarter valued at approximately $215,000. MANA Advisors LLC purchased a new stake in shares of Wayfair in the fourth quarter valued at approximately $219,000. Xact Kapitalforvaltning AB purchased a new stake in shares of Wayfair in the fourth quarter valued at approximately $293,000. Oppenheimer Asset Management Inc. boosted its holdings in shares of Wayfair by 26.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 3,734 shares of the company’s stock valued at $253,000 after purchasing an additional 772 shares during the period. Finally, UBS Group AG boosted its holdings in shares of Wayfair by 81.7% in the first quarter. UBS Group AG now owns 3,927 shares of the company’s stock valued at $265,000 after purchasing an additional 1,766 shares during the period. 75.21% of the stock is currently owned by hedge funds and other institutional investors.

About Wayfair

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.

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

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