Wayfair (NYSE:W) Director Steven Conine Sells 69,000 Shares of Stock

Posted by Geri Gentry on Sep 16th, 2026

Wayfair Inc. (NYSE:W – Get Free Report) Director Steven Conine sold 69,000 shares of the firm’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $103.36, for a total transaction of $7,131,840.00. Following the sale, the director owned 291,073 shares of the company’s stock, valued at $30,085,305.28. This trade represents a 19.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

On Wednesday, August 12th, Steven Conine sold 69,000 shares of Wayfair stock. The stock was sold at an average price of $103.36, for a total value of $7,131,840.00.

Wayfair Price Performance

Shares of NYSE:W traded down $0.20 during trading on Wednesday, hitting $103.49. 2,546,645 shares of the company were exchanged, compared to its average volume of 3,602,410. Wayfair Inc. has a 52-week low of $55.60 and a 52-week high of $119.98. The company has a market cap of $13.66 billion, a PE ratio of -42.07, a P/E/G ratio of 3.77 and a beta of 2.99. The stock has a 50 day moving average of $97.12 and a 200 day moving average of $83.17.

Wayfair (NYSE:W – Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.90 by $0.05. The business had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.47 billion. Wayfair had a negative return on equity of 3.40% and a negative net margin of 2.49%.The firm’s revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.87 EPS. Sell-side analysts forecast that Wayfair Inc. will post 0.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on W shares. TD Cowen upped their target price on shares of Wayfair from $75.00 to $110.00 and gave the stock a “hold” rating in a report on Wednesday, August 5th. Wells Fargo & Company raised their price target on shares of Wayfair from $100.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Benchmark started coverage on shares of Wayfair in a report on Tuesday, July 7th. They issued a “hold” rating on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Wayfair in a report on Wednesday, August 5th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Wayfair in a research report on Wednesday, August 5th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Wayfair has an average rating of “Moderate Buy” and an average target price of $119.89.

Read Our Latest Stock Analysis on W

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. WINTON GROUP Ltd purchased a new stake in Wayfair during the second quarter valued at about $3,207,000. Integrated Wealth Concepts LLC purchased a new stake in Wayfair in the second quarter worth approximately $349,000. NewEdge Advisors LLC boosted its stake in Wayfair by 572.7% in the second quarter. NewEdge Advisors LLC now owns 4,016 shares of the company’s stock worth $371,000 after buying an additional 3,419 shares in the last quarter. IFP Advisors Inc grew its position in Wayfair by 79.2% during the second quarter. IFP Advisors Inc now owns 810 shares of the company’s stock valued at $75,000 after acquiring an additional 358 shares during the last quarter. Finally, Baird Financial Group Inc. purchased a new position in shares of Wayfair during the second quarter worth approximately $16,362,000. 89.67% of the stock is currently owned by hedge funds and other institutional investors.

Wayfair Company Profile

(Get Free Report)

Wayfair Inc is an e-commerce company focused on furniture, home furnishings and décor. Its online platform offers a broad assortment of products for rooms throughout the home, including furniture, mattresses, rugs, lighting, kitchen and dining items, outdoor furnishings, home improvement products and décor.

The company operates through the Wayfair brand and specialized retail brands such as Joss & Main, AllModern, Birch Lane and Perigold. It also serves business customers through Wayfair Professional, which provides products and services for commercial, hospitality and design-related projects.