Steven Conine Sells 30,000 Shares of Wayfair Inc. (NYSE:W) Stock

Wayfair Inc. (NYSE:W - Get Free Report) insider Steven Conine sold 30,000 shares of Wayfair stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $46.33, for a total value of $1,389,900.00. Following the sale, the insider now directly owns 559,073 shares of the company's stock, valued at approximately $25,901,852.09. This trade represents a 5.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, January 21st, Steven Conine sold 30,000 shares of Wayfair stock. The shares were sold at an average price of $48.45, for a total transaction of $1,453,500.00.
• On Friday, December 20th, Steven Conine sold 30,000 shares of Wayfair stock. The stock was sold at an average price of $45.75, for a total transaction of $1,372,500.00.
• On Friday, December 6th, Steven Conine sold 30,000 shares of Wayfair stock. The shares were sold at an average price of $53.14, for a total transaction of $1,594,200.00.

Wayfair Stock Performance

Shares of W traded up $1.49 on Tuesday, hitting $42.76. 4,678,191 shares of the stock traded hands, compared to its average volume of 3,790,507. Wayfair Inc. has a one year low of $37.35 and a one year high of $76.18. The company has a market capitalization of $5.36 billion, a PE ratio of -10.64 and a beta of 3.43. The business has a 50 day simple moving average of $46.03 and a 200 day simple moving average of $46.55.

Wayfair (NYSE:W - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported ($0.96) EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($1.01). The business had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.07 billion. On average, equities analysts expect that Wayfair Inc. will post -2.54 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Robert W. Baird cut their target price on shares of Wayfair from $56.00 to $50.00 and set a "neutral" rating on the stock in a report on Monday, November 4th. Raymond James set a $60.00 price target on shares of Wayfair and gave the company a "strong-buy" rating in a report on Friday. BMO Capital Markets boosted their price objective on shares of Wayfair from $50.00 to $55.00 and gave the company a "market perform" rating in a research report on Friday. Piper Sandler set a $58.00 target price on shares of Wayfair and gave the stock an "overweight" rating in a research report on Friday. Finally, Canaccord Genuity Group reduced their price target on shares of Wayfair from $76.00 to $68.00 and set a "buy" rating on the stock in a research report on Friday. Fourteen investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $58.12.

Hedge Funds Weigh In On Wayfair

Hedge funds have recently bought and sold shares of the business. True Wealth Design LLC lifted its holdings in shares of Wayfair by 207.1% during the 4th quarter. True Wealth Design LLC now owns 565 shares of the company's stock valued at $25,000 after buying an additional 381 shares during the period. J.Safra Asset Management Corp increased its position in Wayfair by 71.3% during the fourth quarter. J.Safra Asset Management Corp now owns 586 shares of the company's stock valued at $26,000 after acquiring an additional 244 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in Wayfair by 577.0% in the fourth quarter. Jones Financial Companies Lllp now owns 589 shares of the company's stock valued at $26,000 after acquiring an additional 502 shares during the period. Capital Performance Advisors LLP purchased a new position in Wayfair in the third quarter worth about $29,000. Finally, GAMMA Investing LLC grew its stake in shares of Wayfair by 65.5% during the 4th quarter. GAMMA Investing LLC now owns 710 shares of the company's stock valued at $31,000 after purchasing an additional 281 shares during the period. Hedge funds and other institutional investors own 89.67% of the company's stock.

Wayfair Company Profile

Wayfair Inc provides e-commerce business in the United States and internationally. The company offers approximately thirty million products for the home sector. It offers online selections of furniture, décor, housewares, and home improvement products through its sites consisting of Wayfair, Joss & Main, AllModern, Birch Lane, Perigold, and Wayfair Professional.