Wayfair Inc. (NYSE:W) Insider Sells $434,173.00 in Stock

Wayfair Inc. (NYSE:WGet Free Report) insider Steven Conine sold 8,300 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $52.31, for a total value of $434,173.00. Following the transaction, the insider now directly owns 259,073 shares in the company, valued at $13,552,108.63. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

  • On Thursday, December 7th, Steven Conine sold 10,000 shares of Wayfair stock. The stock was sold at an average price of $52.78, for a total value of $527,800.00.
  • On Monday, November 27th, Steven Conine sold 10,000 shares of Wayfair stock. The stock was sold at an average price of $52.37, for a total value of $523,700.00.

Wayfair Trading Up 3.5 %

Shares of W opened at $54.23 on Tuesday. The company has a market capitalization of $6.40 billion, a price-to-earnings ratio of -6.54 and a beta of 3.32. The stock has a 50 day moving average of $56.67 and a 200 day moving average of $58.50. Wayfair Inc. has a 12 month low of $29.51 and a 12 month high of $90.71.

Analysts Set New Price Targets

W has been the subject of a number of recent research reports. Needham & Company LLC lowered their target price on Wayfair from $100.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, November 1st. StockNews.com cut Wayfair from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Guggenheim decreased their price target on Wayfair from $100.00 to $65.00 and set a “buy” rating for the company in a research note on Friday, November 3rd. Stifel Nicolaus increased their price target on Wayfair from $52.00 to $55.00 and gave the company a “hold” rating in a research note on Tuesday, January 9th. Finally, BMO Capital Markets initiated coverage on Wayfair in a research note on Tuesday, January 9th. They issued a “market perform” rating and a $57.00 price target for the company. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $74.38.

Read Our Latest Report on W

Institutional Trading of Wayfair

Institutional investors and hedge funds have recently modified their holdings of the business. McGlone Suttner Wealth Management Inc. purchased a new stake in Wayfair in the fourth quarter worth $29,000. Acadian Asset Management LLC purchased a new position in shares of Wayfair in the second quarter valued at $31,000. GAMMA Investing LLC purchased a new position in shares of Wayfair in the fourth quarter valued at $31,000. BluePath Capital Management LLC purchased a new position in shares of Wayfair in the third quarter valued at $34,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of Wayfair in the third quarter valued at $34,000. 89.67% of the stock is owned by hedge funds and other institutional investors.

Wayfair Company Profile

(Get Free Report)

Wayfair Inc engages in the e-commerce business in the United States and internationally. The company provides approximately fourty million products for the home sector under various brands. It offers online selections of furniture, décor, housewares, and home improvement products through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, Perigold, and Wayfair Professional.

Further Reading

Insider Buying and Selling by Quarter for Wayfair (NYSE:W)

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