Wayfair Inc (W) Insider Edmond Macri Sells 1,000 Shares

Wayfair Inc (NYSE:W) insider Edmond Macri sold 1,000 shares of the business’s stock in a transaction on Wednesday, January 9th. The shares were sold at an average price of $100.00, for a total value of $100,000.00. Following the completion of the sale, the insider now owns 500 shares in the company, valued at $50,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Tuesday, November 20th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $80.94, for a total value of $48,564.00.
  • On Tuesday, November 13th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $93.06, for a total value of $55,836.00.
  • On Tuesday, November 6th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $94.88, for a total value of $56,928.00.
  • 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.

Wayfair stock traded down $2.83 during midday trading on Friday, hitting $96.40. 1,160,814 shares of the company’s stock were exchanged, compared to its average volume of 1,738,864. Wayfair Inc has a 52-week low of $60.53 and a 52-week high of $151.20. The stock has a market cap of $8.88 billion, a price-to-earnings ratio of -34.43 and a beta of 1.84.

Wayfair (NYSE:W) last posted its earnings results on Thursday, November 1st. The company reported ($1.28) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.09) by ($0.19). The company had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period last year, the firm posted ($0.65) EPS. The firm’s quarterly revenue was up 42.4% compared to the same quarter last year. Equities research analysts predict that Wayfair Inc will post -5.72 EPS for the current year.

A number of institutional investors have recently bought and sold shares of W. FMR LLC boosted its holdings in shares of Wayfair by 2.0% in the 3rd quarter. FMR LLC now owns 8,949,120 shares of the company’s stock worth $1,321,516,000 after purchasing an additional 176,243 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Wayfair by 7.5% in the 3rd quarter. Vanguard Group Inc. now owns 4,761,964 shares of the company’s stock worth $703,199,000 after purchasing an additional 332,832 shares in the last quarter. Vanguard Group Inc boosted its holdings in shares of Wayfair by 7.5% in the 3rd quarter. Vanguard Group Inc now owns 4,761,964 shares of the company’s stock worth $703,199,000 after purchasing an additional 332,832 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in shares of Wayfair by 5.5% in the 3rd quarter. Baillie Gifford & Co. now owns 2,845,496 shares of the company’s stock worth $420,194,000 after purchasing an additional 148,791 shares in the last quarter. Finally, Scopia Capital Management LP purchased a new position in shares of Wayfair in the 2nd quarter worth about $252,032,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

W has been the subject of several recent research reports. Zacks Investment Research upgraded Wayfair from a “sell” rating to a “buy” rating and set a $101.00 price target for the company in a research report on Monday. Piper Jaffray Companies set a $87.00 price target on Wayfair and gave the company a “buy” rating in a research report on Thursday, December 20th. Cowen lifted their price target on Wayfair from $120.00 to $130.00 and gave the company a “positive” rating in a research report on Friday, December 7th. Citigroup initiated coverage on Wayfair in a research report on Friday, December 7th. They issued a “neutral” rating and a $117.00 price target for the company. Finally, William Blair reiterated a “market perform” rating on shares of Wayfair in a research report on Monday, November 5th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $121.84.

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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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