Wayfair Inc. (NYSE:W) insider Steven Conine sold 1,226 shares of Wayfair stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $64.08, for a total value of $78,562.08. Following the transaction, the insider now owns 61,641 shares of the company’s stock, valued at approximately $3,949,955.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Monday, August 28th, Steven Conine sold 14,400 shares of Wayfair stock. The stock was sold at an average price of $68.52, for a total value of $986,688.00.
  • On Tuesday, August 29th, Steven Conine sold 41,200 shares of Wayfair stock. The stock was sold at an average price of $67.87, for a total value of $2,796,244.00.
  • On Wednesday, August 23rd, Steven Conine sold 40,000 shares of Wayfair stock. The stock was sold at an average price of $66.50, for a total value of $2,660,000.00.

Wayfair Inc. (W) traded up $2.36 during midday trading on Wednesday, hitting $64.90. 1,754,500 shares of the stock were exchanged, compared to its average volume of 1,563,633. The company has a debt-to-equity ratio of 135.98, a current ratio of 1.19 and a quick ratio of 1.17. Wayfair Inc. has a 52 week low of $32.61 and a 52 week high of $84.19.

Wayfair (NYSE:W) last released its quarterly earnings results on Thursday, November 2nd. The company reported ($0.65) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.03. Wayfair had a negative net margin of 5.06% and a negative return on equity of 658.45%. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the business earned ($0.54) earnings per share. The firm’s quarterly revenue was up 39.1% on a year-over-year basis. sell-side analysts anticipate that Wayfair Inc. will post -2.58 earnings per share for the current year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA raised its position in shares of Wayfair by 96.2% in the second quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock valued at $105,000 after buying an additional 667 shares in the last quarter. UBS Group AG raised its position in shares of Wayfair by 55.5% in the first quarter. UBS Group AG now owns 2,690 shares of the company’s stock valued at $109,000 after buying an additional 960 shares in the last quarter. Delta Asset Management LLC TN raised its position in Wayfair by 375.0% during the third quarter. Delta Asset Management LLC TN now owns 1,900 shares of the company’s stock valued at $128,000 after purchasing an additional 1,500 shares in the last quarter. First Mercantile Trust Co. acquired a new position in Wayfair during the second quarter valued at approximately $138,000. Finally, Advisors Asset Management Inc. raised its position in Wayfair by 1,512.5% during the third quarter. Advisors Asset Management Inc. now owns 2,322 shares of the company’s stock valued at $157,000 after purchasing an additional 2,178 shares in the last quarter. Institutional investors own 66.99% of the company’s stock.

A number of research firms recently commented on W. DA Davidson began coverage on Wayfair in a report on Wednesday, September 13th. They set a “neutral” rating and a $78.00 price target for the company. Piper Jaffray Companies set a $87.00 price target on Wayfair and gave the stock a “buy” rating in a report on Friday, July 28th. Oppenheimer Holdings, Inc. set a $88.00 price target on Wayfair and gave the stock a “buy” rating in a report on Friday, August 4th. Wedbush reiterated a “buy” rating on shares of Wayfair in a report on Wednesday, August 9th. Finally, Credit Suisse Group lifted their price target on Wayfair from $75.00 to $78.00 and gave the stock a “neutral” rating in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. Wayfair presently has an average rating of “Buy” and an average target price of $76.01.

About Wayfair

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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