Wayfair Inc (NYSE:W) insider Steven Conine sold 26,464 shares of the business’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $150.21, for a total transaction of $3,975,157.44. Following the completion of the sale, the insider now owns 34,580 shares in the company, valued at approximately $5,194,261.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Monday, March 25th, Steven Conine sold 31,000 shares of Wayfair stock. The stock was sold at an average price of $161.42, for a total transaction of $5,004,020.00.
  • 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 transaction 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 transaction 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 transaction 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 transaction of $377,520.00.

NYSE W opened at $146.94 on Thursday. The stock has a market capitalization of $13.16 billion, a PE ratio of -26.19 and a beta of 2.03. Wayfair Inc has a 12 month low of $60.53 and a 12 month high of $173.72.

Wayfair (NYSE:W) last posted its quarterly earnings results on Friday, February 22nd. The company reported ($1.12) EPS for the quarter, topping the Zacks’ consensus estimate of ($1.80) by $0.68. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.97 billion. The company’s revenue for the quarter was up 40.0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.58) earnings per share. On average, research analysts predict that Wayfair Inc will post -7.81 EPS for the current year.

W has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Wayfair from a “buy” rating to a “hold” rating in a research report on Monday, February 11th. Canaccord Genuity reiterated a “buy” rating and set a $175.00 price objective (up previously from $130.00) on shares of Wayfair in a research report on Monday, February 25th. Gordon Haskett upgraded shares of Wayfair from a “hold” rating to an “accumulate” rating in a research report on Thursday, March 21st. Wedbush boosted their price objective on shares of Wayfair from $100.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, February 25th. Finally, Buckingham Research boosted their price objective on shares of Wayfair from $130.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, February 25th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $144.63.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Allen Investment Management LLC grew its holdings in shares of Wayfair by 8.7% in the fourth quarter. Allen Investment Management LLC now owns 1,245,000 shares of the company’s stock worth $112,150,000 after purchasing an additional 100,000 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Wayfair by 32.9% in the third quarter. Legal & General Group Plc now owns 34,190 shares of the company’s stock worth $5,049,000 after purchasing an additional 8,466 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Wayfair by 1.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 12,182 shares of the company’s stock worth $1,097,000 after purchasing an additional 135 shares during the last quarter. Paloma Partners Management Co bought a new position in shares of Wayfair in the third quarter worth about $500,000. Finally, Virtu Financial LLC bought a new position in shares of Wayfair in the fourth quarter worth about $259,000. Hedge funds and other institutional investors own 80.81% of the company’s stock.

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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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