Wayfair Inc (NYSE:W) insider Steven Conine sold 31,000 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $161.42, for a total value of $5,004,020.00. Following the completion of the transaction, the insider now owns 58,980 shares of the company’s stock, valued at approximately $9,520,551.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

  • On Monday, March 4th, Steven Conine sold 31,000 shares of Wayfair stock. The stock was sold at an average price of $165.76, for a total value of $5,138,560.00.
  • On Monday, February 4th, Steven Conine sold 14,000 shares of Wayfair stock. The stock was sold at an average price of $111.25, for a total value of $1,557,500.00.
  • On Tuesday, January 22nd, Steven Conine sold 4,000 shares of Wayfair stock. The stock was sold at an average price of $97.99, for a total value of $391,960.00.
  • On Monday, January 14th, Steven Conine sold 4,000 shares of Wayfair stock. The stock was sold at an average price of $94.38, for a total value of $377,520.00.
  • On Monday, December 31st, Steven Conine sold 800 shares of Wayfair stock. The stock was sold at an average price of $92.69, for a total value of $74,152.00.
  • On Thursday, December 27th, Steven Conine sold 4,000 shares of Wayfair stock. The stock was sold at an average price of $92.06, for a total value of $368,240.00.

Wayfair stock opened at $149.79 on Friday. The company has a market cap of $13.74 billion, a PE ratio of -26.70 and a beta of 2.06. Wayfair Inc has a 52 week low of $60.53 and a 52 week high of $173.72.

Wayfair (NYSE:W) last released its earnings results on Friday, February 22nd. The company reported ($1.12) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.80) by $0.68. The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.97 billion. The business’s quarterly revenue was up 40.0% compared to the same quarter last year. During the same quarter last year, the company posted ($0.58) earnings per share. As a group, sell-side analysts anticipate that Wayfair Inc will post -7.82 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the stock. LS Investment Advisors LLC acquired a new stake in shares of Wayfair during the 4th quarter valued at approximately $60,000. JS Capital Management LLC acquired a new stake in Wayfair in the third quarter worth $103,000. Brandywine Global Investment Management LLC increased its position in Wayfair by 7,322.2% in the fourth quarter. Brandywine Global Investment Management LLC now owns 1,336 shares of the company’s stock worth $121,000 after buying an additional 1,318 shares during the period. Wedbush Securities Inc. acquired a new stake in Wayfair in the third quarter worth $207,000. Finally, First Republic Investment Management Inc. acquired a new stake in Wayfair in the third quarter worth $215,000. 80.73% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on the company. Evercore ISI assumed coverage on Wayfair in a report on Wednesday, March 20th. They issued an “outperform” rating and a $200.00 price target for the company. Zacks Investment Research cut Wayfair from a “buy” rating to a “hold” rating in a report on Monday, February 11th. Robert W. Baird upped their price target on Wayfair from $108.00 to $150.00 and gave the stock a “neutral” rating in a report on Monday, February 25th. Argus assumed coverage on Wayfair in a report on Thursday, February 28th. They issued a “hold” rating and a $163.85 price target for the company. Finally, Gordon Haskett upgraded Wayfair from a “hold” rating to an “accumulate” rating in a report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $144.63.

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Wayfair Company Profile

Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. It provides approximately 14 million products for the home sector under various brands. The company offers selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold.

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