Wayfair Inc (NYSE:W) insider Steven Conine sold 26,000 shares of the company’s stock in a transaction 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 sale, the insider now owns 166,745 shares of the company’s stock, valued at $23,014,144.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 NYSE:W traded up $0.58 during trading on Wednesday, hitting $141.72. 747,500 shares of the company were exchanged, compared to its average volume of 1,719,570. The company has a market capitalization of $12.35 billion, a PE ratio of -50.20 and a beta of 1.52. The company has a debt-to-equity ratio of -2.47, a quick ratio of 0.86 and a current ratio of 0.89. Wayfair Inc has a 1-year low of $55.33 and a 1-year high of $151.20.

Wayfair (NYSE:W) last announced 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 for the quarter, compared to analyst estimates of $1.60 billion. Wayfair had a negative return on equity of 31,507.11% and a negative net margin of 6.28%. The firm’s quarterly revenue was up 47.4% on a year-over-year basis. During the same quarter last year, the company posted ($0.26) earnings per share. equities analysts forecast that Wayfair Inc will post -5.17 EPS for the current fiscal year.

Several equities research analysts have weighed in on W shares. Zacks Investment Research upgraded Wayfair from a “sell” rating to a “hold” rating in a research note on Wednesday, August 8th. Morgan Stanley set a $105.00 target price on Wayfair and gave the stock a “hold” rating in a research note on Tuesday, August 7th. Oppenheimer upped their target price on Wayfair to $120.00 and gave the stock an “outperform” rating in a research note on Friday, June 8th. Ifs Securities cut Wayfair from an “outperform” rating to a “market perform” rating in a research note on Monday, July 9th. They noted that the move was a valuation call. Finally, Canaccord Genuity reiterated a “buy” rating and set a $140.00 price target on shares of Wayfair in a report on Wednesday, August 8th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Wayfair currently has a consensus rating of “Hold” and a consensus target price of $121.50.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC increased its holdings in 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 purchasing an additional 108,514 shares during the period. Spruce House Investment Management LLC increased its holdings in 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 purchasing an additional 1,000,000 shares during the period. Baillie Gifford & Co. increased its holdings in 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 purchasing an additional 331,656 shares during the period. Carmignac Gestion increased its holdings in 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 purchasing an additional 1,855,970 shares during the period. Finally, Janus Henderson Group PLC increased its holdings in 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 purchasing 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.

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