Wayfair Inc. (W) Insider Sells $46,956.00 in Stock

Wayfair Inc. (NYSE:W) insider Edmond Macri sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $78.26, for a total value of $46,956.00. Following the transaction, the insider now directly owns 758 shares in the company, valued at approximately $59,321.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Edmond Macri also recently made the following trade(s):

  • On Tuesday, September 5th, Edmond Macri sold 842 shares of Wayfair stock. The shares were sold at an average price of $72.17, for a total value of $60,767.14.
  • On Tuesday, August 22nd, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $66.36, for a total value of $39,816.00.
  • On Tuesday, August 15th, Edmond Macri sold 1,570 shares of Wayfair stock. The shares were sold at an average price of $70.70, for a total value of $110,999.00.
  • On Wednesday, August 9th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $72.77, for a total value of $43,662.00.
  • On Tuesday, July 25th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $76.61, for a total value of $45,966.00.
  • On Tuesday, July 18th, Edmond Macri sold 1,570 shares of Wayfair stock. The shares were sold at an average price of $76.07, for a total value of $119,429.90.
  • On Tuesday, July 11th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $74.00, for a total value of $44,400.00.
  • On Wednesday, July 5th, Edmond Macri sold 844 shares of Wayfair stock. The shares were sold at an average price of $75.42, for a total value of $63,654.48.
  • On Tuesday, June 27th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $75.01, for a total value of $45,006.00.
  • On Tuesday, June 20th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $73.87, for a total value of $44,322.00.

Wayfair Inc. (NYSE W) traded down 0.59% on Friday, reaching $79.76. 1,637,377 shares of the company’s stock were exchanged. The company’s market cap is $6.95 billion. Wayfair Inc. has a 12-month low of $27.60 and a 12-month high of $83.36. The firm has a 50 day moving average of $73.18 and a 200-day moving average of $61.24.

Wayfair (NYSE:W) last released its quarterly earnings results on Tuesday, August 8th. The company reported ($0.26) EPS for the quarter, beating the consensus estimate of ($0.69) by $0.43. Wayfair had a negative net margin of 5.10% and a negative return on equity of 335.44%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the prior year, the business earned ($0.43) earnings per share. The company’s quarterly revenue was up 42.7% on a year-over-year basis. Equities analysts expect that Wayfair Inc. will post ($1.45) EPS for the current fiscal year.

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Several brokerages have recently commented on W. Piper Jaffray Companies set a $87.00 price objective on Wayfair and gave the company a “buy” rating in a report on Saturday, July 1st. Buckingham Research reiterated a “buy” rating and set a $95.00 price objective (up previously from $72.00) on shares of Wayfair in a report on Thursday, July 13th. They noted that the move was a valuation call. DA Davidson began coverage on Wayfair in a report on Wednesday. They set a “neutral” rating and a $78.00 price objective for the company. Maxim Group lowered Wayfair from a “buy” rating to a “hold” rating and increased their price objective for the company from $27.60 to $76.17 in a report on Monday, June 19th. They noted that the move was a valuation call. Finally, Oppenheimer Holdings, Inc. set a $88.00 price objective on Wayfair and gave the company a “buy” rating in a report on Friday, August 4th. Ten analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $72.84.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Lord Abbett & CO. LLC acquired a new stake in Wayfair during the second quarter worth approximately $27,345,000. Dynamic Technology Lab Private Ltd purchased a new position in Wayfair during the second quarter worth approximately $277,000. Verition Fund Management LLC purchased a new position in Wayfair during the second quarter worth approximately $251,000. California State Teachers Retirement System raised its stake in Wayfair by 10.0% during the second quarter. California State Teachers Retirement System now owns 68,366 shares of the company’s stock worth $5,256,000 after purchasing an additional 6,224 shares during the period. Finally, BlueCrest Capital Management Ltd purchased a new position in Wayfair during the second quarter worth approximately $3,466,000.

About Wayfair

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.

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

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