Insider Selling: Wayfair Inc (W) Insider Sells 26,000 Shares of Stock

Wayfair Inc (NYSE:W) insider Steven Conine sold 26,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 26th. The stock was sold at an average price of $138.02, for a total value of $3,588,520.00. Following the transaction, the insider now directly owns 166,745 shares in the company, valued at approximately $23,014,144.90. The sale 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 Tuesday, September 11th, Steven Conine sold 26,000 shares of Wayfair stock. The stock was sold at an average price of $137.11, for a total value of $3,564,860.00.
  • On Wednesday, August 15th, Steven Conine sold 1,145 shares of Wayfair stock. The stock was sold at an average price of $121.19, for a total value of $138,762.55.
  • On Monday, August 13th, Steven Conine sold 17,000 shares of Wayfair stock. The stock was sold at an average price of $123.00, for a total value of $2,091,000.00.
  • On Monday, August 6th, Steven Conine sold 14,000 shares of Wayfair stock. The stock was sold at an average price of $112.97, for a total value of $1,581,580.00.
  • On Monday, July 30th, Steven Conine sold 14,000 shares of Wayfair stock. The stock was sold at an average price of $113.85, for a total value of $1,593,900.00.
  • On Tuesday, July 10th, Steven Conine sold 14,200 shares of Wayfair stock. The stock was sold at an average price of $120.01, for a total value of $1,704,142.00.

Shares of W stock traded up $0.58 during trading on Wednesday, hitting $141.72. The company had a trading volume of 747,500 shares, compared to its average volume of 1,719,570. The company has a current ratio of 0.89, a quick ratio of 0.86 and a debt-to-equity ratio of -2.47. The stock has a market cap of $12.35 billion, a P/E ratio of -50.20 and a beta of 1.52. Wayfair Inc has a one year low of $55.33 and a one year high of $151.20.

Wayfair (NYSE:W) last issued its quarterly earnings results on Thursday, August 2nd. The company reported ($0.77) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.73) by ($0.04). The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.60 billion. Wayfair had a negative net margin of 6.28% and a negative return on equity of 31,507.11%. The company’s quarterly revenue was up 47.4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.26) earnings per share. analysts forecast that Wayfair Inc will post -5.17 EPS for the current year.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded Wayfair from a “sell” rating to a “hold” rating in a report on Thursday, June 7th. Oppenheimer boosted their price objective on Wayfair to $120.00 and gave the stock an “outperform” rating in a report on Friday, June 8th. Robert W. Baird boosted their price objective on Wayfair from $80.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, June 19th. Buckingham Research boosted their price objective on Wayfair from $95.00 to $137.00 and gave the stock a “buy” rating in a report on Wednesday, June 20th. Finally, MKM Partners boosted their price objective on Wayfair from $92.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, June 20th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Wayfair presently has an average rating of “Hold” and an average target price of $121.50.

Several hedge funds have recently modified their holdings of the stock. FMR LLC boosted its stake in shares of Wayfair by 1.3% in the second quarter. FMR LLC now owns 8,772,877 shares of the company’s stock valued at $1,041,867,000 after buying an additional 108,514 shares during the period. Spruce House Investment Management LLC boosted its stake in shares of Wayfair by 40.0% in the first quarter. Spruce House Investment Management LLC now owns 3,500,000 shares of the company’s stock valued at $236,355,000 after buying an additional 1,000,000 shares during the period. Baillie Gifford & Co. boosted its stake in shares of Wayfair by 14.0% in the second quarter. Baillie Gifford & Co. now owns 2,696,705 shares of the company’s stock valued at $320,260,000 after buying an additional 331,656 shares during the period. Carmignac Gestion boosted its stake in shares of Wayfair by 230.3% in the first quarter. Carmignac Gestion now owns 2,661,902 shares of the company’s stock valued at $179,758,000 after buying an additional 1,855,970 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in shares of Wayfair by 3.9% in the second quarter. Janus Henderson Group PLC now owns 2,409,863 shares of the company’s stock valued at $286,195,000 after buying an additional 90,212 shares during the period. Institutional investors and hedge funds own 72.43% of the company’s stock.

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.

Further Reading: What do investors mean by earnings per share?

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

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