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 sale, the insider now owns 602,573 shares in the company, valued at $27,567,714.75. The trade was a 4.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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 stock was sold at an average price of $42.31, for a total transaction of $1,269,300.00.

Wayfair Stock Down 1.1 %

Shares of NYSE W opened at $44.75 on Wednesday. Wayfair Inc. has a fifty-two week low of $37.35 and a fifty-two week high of $76.18. The business has a 50 day moving average price of $45.92 and a two-hundred day moving average price of $48.43. The firm has a market cap of $5.61 billion, a PE ratio of -9.97 and a beta of 3.44.

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 analysts’ consensus estimates of $0.13 by $0.09. The company had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.87 billion. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($1.38) EPS. On average, analysts anticipate that Wayfair Inc. will post -2.91 earnings per share for the current year.

Institutional Investors Weigh In On Wayfair

Institutional investors have recently modified their holdings of the stock. Southpoint Capital Advisors LP acquired a new stake in shares of Wayfair during the 3rd quarter valued at approximately $78,652,000. Holocene Advisors LP lifted its position in shares of Wayfair by 5,699.8% in the 3rd quarter. Holocene Advisors LP now owns 1,235,193 shares of the company’s stock worth $69,393,000 after buying an additional 1,213,896 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Wayfair by 28.0% in the 2nd quarter. Renaissance Technologies LLC now owns 3,086,569 shares of the company’s stock valued at $162,755,000 after buying an additional 675,271 shares during the period. Groupama Asset Managment grew its position in shares of Wayfair by 100.0% during the 3rd quarter. Groupama Asset Managment now owns 1,000,000 shares of the company’s stock valued at $56,180,000 after buying an additional 500,000 shares during the last quarter. Finally, Wolf Hill Capital Management LP raised its stake in Wayfair by 22.9% during the second quarter. Wolf Hill Capital Management LP now owns 2,322,906 shares of the company’s stock worth $122,487,000 after acquiring an additional 432,404 shares during the period. Institutional investors and hedge funds own 89.67% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on W shares. UBS Group decreased their price target on Wayfair from $70.00 to $65.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. Needham & Company LLC reiterated a “buy” rating and set a $60.00 price target on shares of Wayfair in a report on Friday, November 1st. StockNews.com raised Wayfair from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. Royal Bank of Canada cut their target price on Wayfair from $53.00 to $50.00 and set a “sector perform” rating on the stock in a research report on Monday, November 4th. Finally, Mizuho dropped their price target on Wayfair from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. Thirteen 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 company’s stock. According to data from MarketBeat.com, the stock currently 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.