Wayfair Inc (NYSE:W) insider Steven Conine sold 2,000 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $92.21, for a total transaction of $184,420.00. Following the completion of the sale, the insider now owns 31,796 shares of the company’s stock, valued at $2,931,909.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Steven Conine also recently made the following trade(s):
- On Monday, January 29th, Steven Conine sold 2,000 shares of Wayfair stock. The stock was sold at an average price of $93.77, for a total transaction of $187,540.00.
- On Wednesday, November 15th, Steven Conine sold 1,226 shares of Wayfair stock. The stock was sold at an average price of $64.08, for a total transaction of $78,562.08.
Shares of Wayfair Inc (W) traded up $1.34 during trading hours on Monday, reaching $92.02. 928,728 shares of the company traded hands, compared to its average volume of 1,245,011. The firm has a market capitalization of $7,960.00, a PE ratio of -36.96 and a beta of 1.05. Wayfair Inc has a 52-week low of $35.36 and a 52-week high of $94.95. The company has a current ratio of 1.19, a quick ratio of 1.17 and a debt-to-equity ratio of 135.98.
Several research analysts have weighed in on W shares. Zacks Investment Research raised shares of Wayfair from a “sell” rating to a “hold” rating in a research note on Saturday. Oppenheimer increased their target price on shares of Wayfair to $105.00 and gave the stock an “outperform” rating in a research note on Friday. Gordon Haskett lowered shares of Wayfair from a “buy” rating to an “accumulate” rating in a research note on Wednesday, January 31st. MKM Partners set a $107.00 target price on shares of Wayfair and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Finally, Stifel Nicolaus lowered shares of Wayfair from a “buy” rating to a “hold” rating and raised their price objective for the company from $82.00 to $90.00 in a research note on Monday, January 22nd. They noted that the move was a valuation call. Fourteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $80.11.
A number of large investors have recently modified their holdings of W. Delta Asset Management LLC TN raised its holdings in Wayfair by 375.0% during the third quarter. Delta Asset Management LLC TN now owns 1,900 shares of the company’s stock worth $128,000 after purchasing an additional 1,500 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Wayfair by 52.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,803 shares of the company’s stock worth $145,000 after purchasing an additional 624 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in Wayfair by 1,512.5% during the third quarter. Advisors Asset Management Inc. now owns 2,322 shares of the company’s stock worth $157,000 after purchasing an additional 2,178 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Wayfair by 78.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,403 shares of the company’s stock worth $193,000 after purchasing an additional 1,056 shares in the last quarter. Finally, Mohican Financial Management LLC acquired a new position in shares of Wayfair in the 3rd quarter valued at $194,000. 67.16% of the stock is currently owned by hedge funds and other institutional investors.
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Wayfair Company Profile
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.
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