Wayfair Inc. (NYSE:W) insider Steven Conine sold 41,200 shares of the business’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $67.87, for a total transaction of $2,796,244.00. Following the sale, the insider now directly owns 260,270 shares of the company’s stock, valued at $17,664,524.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Wednesday, August 23rd, Steven Conine sold 40,000 shares of Wayfair stock. The stock was sold at an average price of $66.50, for a total transaction of $2,660,000.00.
  • On Wednesday, August 16th, Steven Conine sold 36,060 shares of Wayfair stock. The stock was sold at an average price of $70.57, for a total transaction of $2,544,754.20.
  • On Wednesday, July 26th, Steven Conine sold 55,000 shares of Wayfair stock. The stock was sold at an average price of $76.63, for a total transaction of $4,214,650.00.
  • On Monday, June 26th, Steven Conine sold 50,000 shares of Wayfair stock. The stock was sold at an average price of $75.94, for a total transaction of $3,797,000.00.
  • On Monday, June 5th, Steven Conine sold 45,000 shares of Wayfair stock. The stock was sold at an average price of $67.63, for a total transaction of $3,043,350.00.

Wayfair Inc. (NYSE:W) traded up 2.18% on Wednesday, reaching $69.78. 795,955 shares of the company’s stock were exchanged. The firm’s 50 day moving average price is $73.76 and its 200 day moving average price is $57.85. The company’s market cap is $6.08 billion. Wayfair Inc. has a 52-week low of $27.60 and a 52-week high of $82.19.

Wayfair (NYSE:W) last issued its quarterly earnings results on Tuesday, August 8th. The company reported ($0.26) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.69) by $0.43. Wayfair had a negative net margin of 5.10% and a negative return on equity of 335.44%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the company earned ($0.43) EPS. Wayfair’s quarterly revenue was up 42.7% on a year-over-year basis. On average, analysts expect that Wayfair Inc. will post ($1.46) earnings per share for the current year.

WARNING: “Wayfair Inc. (W) Insider Sells $2,796,244.00 in Stock” was first reported by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another website, it was copied illegally and reposted in violation of international copyright legislation. The original version of this article can be read at https://www.watchlistnews.com/wayfair-inc-w-insider-sells-2796244-00-in-stock/1532502.html.

Institutional investors have recently modified their holdings of the company. Lord Abbett & CO. LLC acquired a new position in shares of Wayfair during the second quarter valued at $27,345,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Wayfair during the second quarter valued at $277,000. Verition Fund Management LLC acquired a new position in shares of Wayfair during the second quarter valued at $251,000. California State Teachers Retirement System increased its position in shares of Wayfair by 10.0% in the second quarter. California State Teachers Retirement System now owns 68,366 shares of the company’s stock valued at $5,256,000 after buying an additional 6,224 shares during the period. Finally, BlueCrest Capital Management Ltd acquired a new position in shares of Wayfair during the second quarter valued at $3,466,000.

Several research firms have recently commented on W. Piper Jaffray Companies set a $87.00 target price on shares of Wayfair and gave the stock a “buy” rating in a research report on Friday, July 28th. Buckingham Research reissued a “buy” rating and set a $95.00 target price on shares of Wayfair in a research report on Thursday, August 10th. Oppenheimer Holdings, Inc. set a $88.00 target price on shares of Wayfair and gave the stock a “buy” rating in a research report on Friday, August 4th. Gordon Haskett downgraded shares of Wayfair from a “buy” rating to an “accumulate” rating and boosted their target price for the stock from $70.00 to $85.00 in a research report on Tuesday, June 27th. Finally, Stifel Nicolaus raised shares of Wayfair from a “hold” rating to a “buy” rating and boosted their target price for the stock from $75.00 to $78.00 in a research report on Friday, August 25th. Ten equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Wayfair currently has a consensus rating of “Buy” and an average target price of $69.67.

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)

Receive News & Ratings for Wayfair Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wayfair Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.