Insider Selling: Wayfair Inc. (W) Insider Sells 2,008 Shares of Stock

Posted by on Jul 31st, 2016

Wayfair Inc. (NYSE:W) insider Steven Conine sold 2,008 shares of the company’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $40.10, for a total value of $80,520.80. Following the completion of the transaction, the insider now owns 2,008 shares of the company’s stock, valued at $80,520.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Wednesday, July 13th, Steven Conine sold 12,000 shares of Wayfair stock. The shares were sold at an average price of $40.72, for a total value of $488,640.00.

Several equities analysts recently commented on W shares. Vetr lowered Wayfair from a “buy” rating to a “hold” rating and set a $43.83 target price for the company. in a research note on Tuesday, March 29th. Sterne Agee CRT started coverage on Wayfair in a research note on Wednesday, April 6th. They issued a “neutral” rating for the company. Buckingham Research started coverage on Wayfair in a research note on Monday, April 11th. They issued a “buy” rating and a $52.00 target price for the company. JPMorgan Chase & Co. assumed coverage on Wayfair in a research note on Monday, April 25th. They issued a “neutral” rating and a $45.00 target price for the company. Finally, Wedbush restated an “outperform” rating and set a $60.00 price target on shares of Wayfair in a research note on Tuesday, May 3rd. Eleven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Wayfair has a consensus rating of “Buy” and an average target price of $52.67.

Several hedge funds have recently made changes to their positions in W. California State Teachers Retirement System raised its stake in shares of Wayfair by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 37,171 shares of the company’s stock valued at $1,770,000 after buying an additional 632 shares in the last quarter. Russell Frank Co raised its stake in shares of Wayfair by 72.5% in the fourth quarter. Russell Frank Co now owns 95,996 shares of the company’s stock valued at $4,697,000 after buying an additional 40,358 shares in the last quarter. Finally, First Trust Advisors LP purchased a new stake in shares of Wayfair during the fourth quarter valued at about $2,895,000.

Shares of Wayfair Inc. (NYSE:W) traded down 0.12% on Wednesday, reaching $40.25. The company had a trading volume of 384,886 shares. The company has a 50-day moving average price of $39.74 and a 200-day moving average price of $40.45. Wayfair Inc. has a 52-week low of $28.85 and a 52-week high of $56.84. The firm’s market capitalization is $3.41 billion.

Wayfair (NYSE:W) last announced its quarterly earnings data on Monday, May 9th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.33) by $0.03. The company earned $747.30 million during the quarter, compared to analyst estimates of $693.95 million. The company’s quarterly revenue was up 76.1% compared to the same quarter last year. During the same period last year, the company posted ($0.23) EPS. Equities research analysts forecast that Wayfair Inc. will post ($1.12) EPS for the current fiscal year.

Wayfair Inc (Wayfair) is an online destination for the home. Through its e-commerce business model, the Company offers browsing, merchandising, product discovery and prices for over seven million products from over 7,000 suppliers across five brands: Wayfair.com, Joss & Main, AllModern, DwellStudio and Birch Lane.