Wayfair Inc (W) Insider Sells $56,928.00 in Stock

Wayfair Inc (NYSE:W) insider Edmond Macri sold 600 shares of Wayfair stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $94.88, for a total value of $56,928.00. Following the completion of the transaction, the insider now directly owns 500 shares of the company’s stock, valued at $47,440. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Tuesday, October 16th, Edmond Macri sold 1,988 shares of Wayfair stock. The shares were sold at an average price of $119.84, for a total value of $238,241.92.
  • On Tuesday, October 9th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $129.84, for a total value of $77,904.00.
  • On Tuesday, September 4th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $135.01, for a total value of $81,006.00.
  • On Tuesday, August 28th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $128.64, for a total value of $77,184.00.
  • On Tuesday, August 21st, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $122.32, for a total value of $73,392.00.

Shares of Wayfair stock traded down $4.43 during trading on Friday, hitting $93.62. 72,039 shares of the company were exchanged, compared to its average volume of 2,284,924. The firm has a market capitalization of $8.38 billion, a P/E ratio of -33.50 and a beta of 1.84. Wayfair Inc has a 1-year low of $55.33 and a 1-year high of $151.20.

Wayfair (NYSE:W) last posted its earnings results on Thursday, November 1st. The company reported ($1.28) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.09) by ($0.19). The firm had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.67 billion. The company’s revenue for the quarter was up 42.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.65) EPS. On average, equities research analysts expect that Wayfair Inc will post -5.57 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of W. Scopia Capital Management LP bought a new position in shares of Wayfair during the 2nd quarter valued at about $252,032,000. Baillie Gifford & Co. lifted its holdings in shares of Wayfair by 14.0% during the 2nd quarter. Baillie Gifford & Co. now owns 2,696,705 shares of the company’s stock valued at $320,260,000 after purchasing an additional 331,656 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Wayfair by 145.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 228,560 shares of the company’s stock valued at $27,144,000 after purchasing an additional 135,526 shares in the last quarter. FMR LLC lifted its holdings in shares of Wayfair by 1.3% during the 2nd quarter. FMR LLC now owns 8,772,877 shares of the company’s stock valued at $1,041,867,000 after purchasing an additional 108,514 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Wayfair by 8.8% during the 2nd quarter. Renaissance Technologies LLC now owns 1,215,595 shares of the company’s stock valued at $144,364,000 after purchasing an additional 98,395 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

W has been the subject of a number of research reports. Bank of America lowered Wayfair from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $130.00 to $160.00 in a research report on Thursday, September 13th. MKM Partners lifted their price objective on Wayfair from $130.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, September 27th. Canaccord Genuity reiterated a “buy” rating and issued a $165.00 price objective (up from $140.00) on shares of Wayfair in a research report on Friday, September 28th. Wells Fargo & Co initiated coverage on Wayfair in a research report on Wednesday, September 12th. They issued a “market perform” rating and a $150.00 price objective for the company. Finally, Loop Capital set a $155.00 price objective on Wayfair and gave the stock a “buy” rating in a research report on Monday, September 10th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $126.06.

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Wayfair Company Profile

Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. The company offers approximately 10 million products for the home sector under various brands. It offers a selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, such as Wayfair, Joss & Main, AllModern, DwellStudio, Perigold, and Birch Lane.

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

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