Wayfair Inc. (W) Insider Steven Conine Sells 1,226 Shares
Wayfair Inc. (NYSE:W) insider Steven Conine sold 1,226 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $64.08, for a total value of $78,562.08. Following the sale, the insider now owns 61,641 shares of the company’s stock, valued at $3,949,955.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Steven Conine also recently made the following trade(s):
- On Monday, August 28th, Steven Conine sold 14,400 shares of Wayfair stock. The stock was sold at an average price of $68.52, for a total value of $986,688.00.
- On Tuesday, August 29th, Steven Conine sold 41,200 shares of Wayfair stock. The stock was sold at an average price of $67.87, for a total value of $2,796,244.00.
- 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 value of $2,660,000.00.
Shares of Wayfair Inc. (NYSE W) traded up $0.49 during trading on Friday, hitting $66.39. The stock had a trading volume of 1,250,000 shares, compared to its average volume of 2,590,000. Wayfair Inc. has a twelve month low of $32.60 and a twelve month high of $84.19. The company has a current ratio of 1.19, a quick ratio of 1.17 and a debt-to-equity ratio of 135.98.
Wayfair (NYSE:W) last posted its earnings results on Thursday, November 2nd. The company reported ($0.65) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.68) by $0.03. Wayfair had a negative return on equity of 658.45% and a negative net margin of 5.06%. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the prior year, the company earned ($0.54) EPS. Wayfair’s revenue was up 39.1% on a year-over-year basis. equities analysts forecast that Wayfair Inc. will post -2.58 earnings per share for the current fiscal year.
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A number of institutional investors and hedge funds have recently bought and sold shares of the stock. First Personal Financial Services lifted its stake in Wayfair by 12.8% during the 2nd quarter. First Personal Financial Services now owns 2,792 shares of the company’s stock worth $215,000 after acquiring an additional 317 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in Wayfair by 96.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock worth $105,000 after acquiring an additional 667 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Wayfair by 18.9% during the 2nd quarter. Pacer Advisors Inc. now owns 4,903 shares of the company’s stock worth $377,000 after acquiring an additional 779 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its stake in Wayfair by 1.6% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 51,345 shares of the company’s stock worth $3,461,000 after acquiring an additional 800 shares in the last quarter. Finally, Ingalls & Snyder LLC lifted its stake in Wayfair by 0.7% during the 2nd quarter. Ingalls & Snyder LLC now owns 114,751 shares of the company’s stock worth $8,822,000 after acquiring an additional 825 shares in the last quarter. 66.99% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have issued reports on W shares. Canaccord Genuity restated a “buy” rating on shares of Wayfair in a report on Tuesday, August 8th. BidaskClub cut Wayfair from a “strong-buy” rating to a “buy” rating in a report on Friday, August 4th. Oppenheimer Holdings, Inc. set a $88.00 target price on Wayfair and gave the company a “buy” rating in a report on Friday, August 4th. Buckingham Research restated a “buy” rating and issued a $95.00 target price on shares of Wayfair in a report on Thursday, August 10th. Finally, Wedbush restated a “buy” rating on shares of Wayfair in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the company. Wayfair presently has an average rating of “Buy” and a consensus price target of $76.01.
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.
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