Wayfair Inc. (NYSE:W) Insider Sells $1,372,500.00 in Stock

Wayfair Inc. (NYSE:W) insider Steven Conine sold 30,000 shares of the business’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $45.75, for a total transaction of $1,372,500.00. Following the completion of the transaction, the insider now owns 602,573 shares of the company’s stock, valued at approximately $27,567,714.75. This trade represents a 4.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• 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.
• On Wednesday, November 20th, Steven Conine sold 30,000 shares of Wayfair stock. The shares were sold at an average price of $42.31, for a total transaction of $1,269,300.00.

Wayfair Price Performance

Shares of NYSE W opened at $44.75 on Thursday. Wayfair Inc. has a 12-month low of $37.35 and a 12-month high of $76.18. The company has a market capitalization of $5.61 billion, a PE ratio of -9.97 and a beta of 3.44. The firm’s 50-day moving average is $45.75 and its two-hundred day moving average is $48.34.

Wayfair (NYSE:W) last released its quarterly earnings results on Friday, November 1st. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.09. The company had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.87 billion. The business’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the business posted ($1.38) EPS. On average, analysts forecast that Wayfair Inc. will post -2.91 EPS for the current fiscal year.

Hedge Funds Weigh In On Wayfair

Several institutional investors have recently added to or reduced their stakes in W. Creative Planning increased its position in Wayfair by 2.1% during the third quarter. Creative Planning now owns 13,261 shares of the company’s stock worth $745,000 after purchasing an additional 272 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Wayfair during the 3rd quarter valued at $29,000. Optimist Retirement Group LLC increased its holdings in shares of Wayfair by 14.9% during the 2nd quarter. Optimist Retirement Group LLC now owns 4,379 shares of the company’s stock worth $231,000 after buying an additional 568 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of Wayfair by 12.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 7,217 shares of the company’s stock worth $381,000 after buying an additional 788 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Wayfair in the third quarter valued at $44,000. 89.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

W has been the topic of several recent analyst reports. StockNews.com raised Wayfair from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Needham & Company LLC reiterated a “buy” rating and issued a $60.00 price objective on shares of Wayfair in a report on Friday, November 1st. Truist Financial decreased their target price on Wayfair from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Loop Capital increased their price target on shares of Wayfair from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Finally, Wedbush cut their price objective on shares of Wayfair from $50.00 to $45.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. Thirteen research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $60.28.

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.