Insider Selling: Wayfair Inc. (W) Insider Sells 813 Shares of Stock
Wayfair Inc. (NYSE:W) insider Steven Conine sold 813 shares of the business’s stock in a transaction on Monday, October 17th. The shares were sold at an average price of $35.20, for a total transaction of $28,617.60. Following the sale, the insider now directly owns 38,189 shares in the company, valued at $1,344,252.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Steven Conine also recently made the following trade(s):
- On Monday, August 15th, Steven Conine sold 805 shares of Wayfair stock. The shares were 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 shares were sold at an average price of $40.10, for a total transaction of $80,520.80.
Shares of Wayfair Inc. (NYSE:W) traded up 1.93% during mid-day trading on Tuesday, reaching $36.42. 900,695 shares of the company traded hands. Wayfair Inc. has a 52 week low of $28.85 and a 52 week high of $50.00. The company’s market capitalization is $3.10 billion. The stock’s 50-day moving average is $39.32 and its 200-day moving average is $39.93.
Wayfair (NYSE:W) last issued its earnings results on Tuesday, August 9th. The company reported ($0.43) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.41) by $0.02. The firm earned $755.70 million during the quarter, compared to analysts’ expectations of $782.43 million. Wayfair had a negative net margin of 4.20% and a negative return on equity of 56.95%. The firm’s revenue was up 60.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.15) EPS. On average, equities analysts predict that Wayfair Inc. will post ($1.67) EPS for the current fiscal year.
Several hedge funds have recently modified their holdings of W. BNP Paribas Arbitrage SA increased its stake in shares of Wayfair by 112.9% in the third quarter. BNP Paribas Arbitrage SA now owns 2,629 shares of the company’s stock valued at $104,000 after buying an additional 1,394 shares during the last quarter. BlackRock Inc. increased its stake in shares of Wayfair by 70.0% in the second quarter. BlackRock Inc. now owns 2,689 shares of the company’s stock valued at $105,000 after buying an additional 1,107 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in shares of Wayfair during the second quarter valued at $107,000. Legal & General Group Plc increased its stake in shares of Wayfair by 28.8% in the second quarter. Legal & General Group Plc now owns 3,810 shares of the company’s stock valued at $149,000 after buying an additional 853 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its stake in shares of Wayfair by 42.4% in the second quarter. Teacher Retirement System of Texas now owns 3,905 shares of the company’s stock valued at $152,000 after buying an additional 1,163 shares during the last quarter. 71.82% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently issued reports on W shares. Goldman Sachs Group Inc. downgraded shares of Wayfair from a “buy” rating to a “neutral” rating and decreased their target price for the company from $46.00 to $43.00 in a research report on Wednesday, August 10th. Veritas Investment Research restated a “hold” rating on shares of Wayfair in a research report on Friday, August 5th. Zacks Investment Research downgraded shares of Wayfair from a “buy” rating to a “sell” rating in a research report on Saturday, August 13th. Pacific Crest restated an “equal weight” rating on shares of Wayfair in a research report on Sunday, August 14th. Finally, Vetr downgraded shares of Wayfair from a “strong-buy” rating to a “buy” rating and set a $42.28 target price for the company. in a research report on Friday, August 12th. Fourteen equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $51.42.
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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