Wayfair Inc. (W) Insider Sells $2,544,754.20 in Stock

Wayfair Inc. (NYSE:W) insider Steven Conine sold 36,060 shares of Wayfair stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $70.57, for a total value of $2,544,754.20. Following the transaction, the insider now directly owns 10,130 shares in the company, valued at $714,874.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • 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 value 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 value 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 value of $3,043,350.00.
  • On Tuesday, May 23rd, Steven Conine sold 40,000 shares of Wayfair stock. The stock was sold at an average price of $62.80, for a total value of $2,512,000.00.

Wayfair Inc. (NYSE W) opened at 66.87 on Friday. The firm’s 50-day moving average price is $74.83 and its 200 day moving average price is $56.94. The stock’s market cap is $5.83 billion. Wayfair Inc. has a 1-year low of $27.60 and a 1-year high of $82.19.

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

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Large investors have recently made changes to their positions in the company. Ameriprise Financial Inc. acquired a new stake in shares of Wayfair during the first quarter valued at about $1,650,000. First Personal Financial Services increased its stake in shares of Wayfair by 15.1% in the first quarter. First Personal Financial Services now owns 2,475 shares of the company’s stock valued at $100,000 after buying an additional 325 shares during the period. Swiss National Bank increased its stake in shares of Wayfair by 7.2% in the first quarter. Swiss National Bank now owns 48,900 shares of the company’s stock valued at $1,980,000 after buying an additional 3,300 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Wayfair by 2.5% in the first quarter. Bank of New York Mellon Corp now owns 129,187 shares of the company’s stock valued at $5,231,000 after buying an additional 3,160 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of Wayfair by 5.6% in the first quarter. First Trust Advisors LP now owns 76,895 shares of the company’s stock valued at $3,113,000 after buying an additional 4,058 shares during the period.

A number of brokerages recently weighed in on W. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Wayfair in a research note on Saturday, May 6th. Piper Jaffray Companies set a $87.00 price target on Wayfair and gave the stock a “buy” rating in a research note on Saturday, July 1st. Canaccord Genuity reissued a “buy” rating on shares of Wayfair in a research note on Tuesday, August 8th. Buckingham Research reissued a “buy” rating and issued a $95.00 price target on shares of Wayfair in a research note on Thursday, August 10th. Finally, BidaskClub cut Wayfair from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Ten investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $69.15.

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)

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