Steven Conine Sells 93,050 Shares of Wayfair (NYSE:W) Stock

Wayfair Inc. (NYSE:W) insider Steven Conine sold 93,050 shares of the firm’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $74.63, for a total transaction of $6,944,321.50. Following the completion of the sale, the insider owned 196,023 shares of the company’s stock, valued at $14,629,196.49. This trade represents a 32.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Friday, January 23rd, Steven Conine sold 150,000 shares of Wayfair stock. The stock was sold at an average price of $108.87, for a total value of $16,330,500.00.
• On Friday, December 26th, Steven Conine sold 30,000 shares of Wayfair stock. The shares were sold at an average price of $102.33, for a total value of $3,069,900.00.
• 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 value of $12,033,600.00.

Wayfair Trading Up 4.3%

W opened at $79.03 on Friday. The stock’s fifty day simple moving average is $99.72 and its 200 day simple moving average is $93.55. Wayfair Inc. has a 1-year low of $20.41 and a 1-year high of $119.98. The stock has a market cap of $10.30 billion, a PE ratio of -32.52, a price-to-earnings-growth ratio of 5.61 and a beta of 3.36.

Trending Headlines about Wayfair

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Wayfair reported a fourth quarter that beat revenue and profit expectations and management said the company “returned to growth” with acceleration driven by store expansion and the Wayfair Rewards loyalty program — a fundamental beat that supports upside if growth sustains. 5 Must-Read Analyst Questions From Wayfair’s Q4 Earnings Call
• Positive Sentiment: Citigroup lowered its price target on W to $110 from $135 but kept a “buy” rating — the cut reduces near-term upside implied by that firm but still signals analyst confidence that shares can rally from current levels. Benzinga
• Neutral Sentiment: Heavy promotional activity — Wayfair’s spring and closeout sales (discounted rugs, furniture, and popular SKUs) could help near-term traffic and conversion but are likely margin-neutral to slightly dilutive when relying on discounts. Examples: Apartment Therapy, People, and MSN coverage. Apartment Therapy Wayfair Spring Sale People Rugs
• Negative Sentiment: New 15% tariffs on imported goods raise the prospect of higher costs for Wayfair’s internationally sourced home products, pressuring gross margins unless fully passed to customers — a meaningful operational headwind. Wayfair Tariffs Test Margins
• Negative Sentiment: Insider selling: CEO Niraj Shah and co‑founder Steven Conine each disclosed large share sales (≈93k shares each), representing meaningful reductions in their ownership — investors often view repeated large insider sales as a negative signal for near-term confidence. Insider Trades
• Negative Sentiment: An analyst downgrade drove a notable intraday decline recently (coverage flagged shares down ~8.1% after the downgrade), illustrating sensitivity to analyst views and the potential for volatility around ratings changes. Analyst Downgrade / Shares Down
• Negative Sentiment: Comparison pieces argue MercadoLibre (MELI) offers stronger long-term upside given fintech expansion and Latin America dominance, framing Wayfair as having less relative upside and increasing sector-competitive pressure on investor allocation. MercadoLibre vs. Wayfair (Yahoo) Zacks Comparison

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Cornerstone Planning Group LLC grew its stake in Wayfair by 28,200.0% during the third quarter. Cornerstone Planning Group LLC now owns 283 shares of the company’s stock worth $25,000 after buying an additional 282 shares in the last quarter. True Wealth Design LLC boosted its position in shares of Wayfair by 250.5% during the 3rd quarter. True Wealth Design LLC now owns 326 shares of the company’s stock worth $29,000 after acquiring an additional 233 shares in the last quarter. Global Retirement Partners LLC increased its stake in Wayfair by 156.3% in the third quarter. Global Retirement Partners LLC now owns 328 shares of the company’s stock valued at $29,000 after acquiring an additional 200 shares during the last quarter. Webster Bank N. A. bought a new position in Wayfair in the fourth quarter valued at approximately $30,000. Finally, V Square Quantitative Management LLC acquired a new position in Wayfair during the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 89.67% of the company’s stock.

Analyst Upgrades and Downgrades

W has been the topic of several research analyst reports. The Goldman Sachs Group set a $92.00 price target on shares of Wayfair in a report on Friday, February 20th. JPMorgan Chase & Co. reduced their price target on Wayfair from $114.00 to $105.00 and set an “overweight” rating for the company in a research note on Friday, February 20th. Piper Sandler reaffirmed an “overweight” rating and issued a $125.00 price objective on shares of Wayfair in a report on Friday, February 20th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Wayfair in a research report on Wednesday, January 21st. Finally, Oppenheimer boosted their target price on shares of Wayfair from $100.00 to $144.00 and gave the company an “outperform” rating in a research report on Wednesday, November 12th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Wayfair has an average rating of “Moderate Buy” and an average price target of $104.62.

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.