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

Wayfair Inc. (NYSE:W) insider Steven Conine sold 30,000 shares of the firm’s stock in a transaction on Friday, December 26th. The shares were sold at an average price of $102.33, for a total transaction of $3,069,900.00. Following the transaction, the insider directly owned 439,073 shares of the company’s stock, valued at $44,930,340.09. The trade was a 6.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Tuesday, December 23rd, Steven Conine sold 120,000 shares of Wayfair stock. The stock was sold at an average price of $100.28, for a total transaction of $12,033,600.00.
• On Monday, November 24th, Steven Conine sold 150,000 shares of Wayfair stock. The shares were sold at an average price of $105.92, for a total value of $15,888,000.00.
• On Tuesday, October 28th, Steven Conine sold 30,000 shares of Wayfair stock. The stock was sold at an average price of $105.09, for a total value of $3,152,700.00.
• On Thursday, October 23rd, Steven Conine sold 120,000 shares of Wayfair stock. The shares were sold at an average price of $82.17, for a total value of $9,860,400.00.
• On Monday, October 20th, Steven Conine sold 85,000 shares of Wayfair stock. The stock was sold at an average price of $82.85, for a total value of $7,042,250.00.

Wayfair Price Performance

Wayfair stock opened at $101.12 on Wednesday. The stock’s 50 day moving average is $100.74 and its 200 day moving average is $81.94. Wayfair Inc. has a one year low of $20.41 and a one year high of $114.92. The firm has a market cap of $13.18 billion, a P/E ratio of -39.50 and a beta of 3.25.

Wayfair (NYSE:W) last released its quarterly earnings results on Tuesday, October 28th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.26. The firm had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.01 billion. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.22 EPS. Equities analysts anticipate that Wayfair Inc. will post -2.54 earnings per share for the current fiscal year.

Institutional Trading of Wayfair

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FNY Investment Advisers LLC raised its stake in Wayfair by 9,324.1% during the 3rd quarter. FNY Investment Advisers LLC now owns 12,534 shares of the company’s stock worth $1,119,000 after buying an additional 12,401 shares during the period. Allworth Financial LP grew its stake in Wayfair by 295.0% in the third quarter. Allworth Financial LP now owns 877 shares of the company’s stock valued at $78,000 after acquiring an additional 655 shares during the period. Swiss Life Asset Management Ltd bought a new stake in shares of Wayfair during the third quarter valued at approximately $394,000. Advisory Services Network LLC raised its position in shares of Wayfair by 40.2% during the third quarter. Advisory Services Network LLC now owns 15,148 shares of the company’s stock worth $1,353,000 after purchasing an additional 4,341 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in shares of Wayfair by 1,506.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 612,809 shares of the company’s stock worth $54,742,000 after purchasing an additional 574,660 shares in the last quarter. 89.67% of the stock is owned by institutional investors.

Wayfair News Roundup

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Analyst consensus remains constructive — Wayfair carries a “Moderate Buy” consensus and several firms have raised targets, which underpins potential upside if execution and margins hold. Read More.
• Neutral Sentiment: Wayfair is promoting heavy end‑of‑year discounts on big‑ticket items (sofas, storage cabinets, sleeper chairs, outlet deals). These can boost near‑term traffic and holiday sales but are unlikely to change the long‑term thesis unless margins or AOVs move meaningfully. Read More.
• Neutral Sentiment: Multiple consumer pieces highlighting specific discounted SKUs (sleeper sofas, storage cabinets, sectional sets) may drive short‑term conversions and marketing reach but are routine for retail seasonality. Read More.
• Negative Sentiment: Material insider selling by founders: CEO Niraj Shah and co‑founder Steven Conine sold large blocks on Dec. 23 (~120,000 shares each at ~ $100.27–$100.28) and again on Dec. 26 (~30,000 shares each at ~ $102.32–$102.33). The filings show substantial reductions in their holdings (multi‑percent ownership declines); such founder sales can weigh on sentiment even if they’re for diversification or tax reasons. SEC Form 4 filings: Niraj Shah Read More., Steven Conine Read More.

Analysts Set New Price Targets

A number of analysts have commented on W shares. Wall Street Zen raised shares of Wayfair from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th. Zacks Research downgraded Wayfair from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Raymond James Financial upped their target price on Wayfair from $90.00 to $130.00 and gave the company a “strong-buy” rating in a research report on Wednesday, October 29th. UBS Group raised their target price on Wayfair from $102.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Finally, Bank of America upgraded Wayfair from a “neutral” rating to a “buy” rating in a report on Tuesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $105.29.

Wayfair Company Profile

Wayfair Inc (NYSE: W) is an e-commerce company focused on home furnishings and décor. Through its platform, Wayfair offers a broad assortment of furniture, lighting, home textiles, kitchenware and decorative accessories. The company’s portfolio includes flagship sites such as Wayfair.com, as well as specialty retail brands like Joss & Main, AllModern, Birch Lane and Perigold, each catering to distinct design styles and price points.

Founded in 2002 by Niraj Shah and Steve Conine under the name CSN Stores, the business rebranded as Wayfair in 2011 and went public in 2014.