Wayfair Inc. (W) Insider Steven Conine Sells 813 Shares of Stock
Wayfair Inc. (NYSE:W) insider Steven Conine sold 813 shares of the firm’s stock in a transaction on Monday, October 17th. The stock was sold at an average price of $35.20, for a total transaction of $28,617.60. Following the completion of the sale, the insider now owns 38,189 shares of the company’s stock, valued at $1,344,252.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Steven Conine also recently made the following trade(s):
- On Monday, August 15th, Steven Conine sold 805 shares of Wayfair stock. The stock was sold at an average price of $39.39, for a total transaction of $31,708.95.
- On Monday, July 25th, Steven Conine sold 2,008 shares of Wayfair stock. The stock was sold at an average price of $40.10, for a total transaction of $80,520.80.
Shares of Wayfair Inc. (NYSE:W) opened at 36.42 on Wednesday. The company’s market cap is $3.10 billion. The firm has a 50-day moving average of $39.26 and a 200 day moving average of $39.88. Wayfair Inc. has a 12 month low of $28.85 and a 12 month high of $50.00.
Wayfair (NYSE:W) last issued its quarterly earnings data on Tuesday, August 9th. The company reported ($0.43) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.41) by $0.02. Wayfair had a negative return on equity of 56.95% and a negative net margin of 4.20%. The company earned $755.70 million during the quarter, compared to the consensus estimate of $782.43 million. During the same quarter last year, the company posted ($0.15) earnings per share. The firm’s revenue for the quarter was up 60.0% compared to the same quarter last year. On average, analysts expect that Wayfair Inc. will post ($1.67) earnings per share for the current year.
W has been the subject of a number of research reports. Cowen and Company restated a “buy” rating and issued a $61.00 price target on shares of Wayfair in a report on Tuesday, June 21st. Vetr cut shares of Wayfair from a “strong-buy” rating to a “buy” rating and set a $46.67 price objective for the company. in a report on Wednesday, June 22nd. Zacks Investment Research upgraded shares of Wayfair from a “sell” rating to a “hold” rating in a report on Saturday, July 9th. Veritas Investment Research reiterated a “hold” rating on shares of Wayfair in a report on Friday, August 5th. Finally, Maxim Group set a $49.00 price objective on shares of Wayfair and gave the company a “buy” rating in a report on Tuesday, August 9th. Fourteen investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Wayfair presently has a consensus rating of “Hold” and an average price target of $51.42.
Several hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its stake in Wayfair by 112.9% in the third quarter. BNP Paribas Arbitrage SA now owns 2,629 shares of the company’s stock worth $104,000 after buying an additional 1,394 shares in the last quarter. BlackRock Inc. increased its stake in Wayfair by 70.0% in the second quarter. BlackRock Inc. now owns 2,689 shares of the company’s stock worth $105,000 after buying an additional 1,107 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new stake in Wayfair during the second quarter worth $107,000. Legal & General Group Plc increased its stake in Wayfair by 28.8% in the second quarter. Legal & General Group Plc now owns 3,810 shares of the company’s stock worth $149,000 after buying an additional 853 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its stake in Wayfair by 42.4% in the second quarter. Teacher Retirement System of Texas now owns 3,905 shares of the company’s stock worth $152,000 after buying an additional 1,163 shares in the last quarter. 71.82% of the stock is currently owned by hedge funds and other institutional investors.
Wayfair Company Profile
Wayfair Inc (Wayfair) offers browsing, merchandising, product discovery and prices for a range of products from suppliers across various brands, including Wayfair.com, Joss & Main, AllModern, DwellStudio and Birch Lane. The Company offers a range of furniture, home furnishings, decor and goods. Wayfair produces editorial content both in-house and through third parties.
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