Wayfair Inc (NYSE:W) Insider Edmond Macri Sells 300 Shares of Stock

Wayfair Inc (NYSE:W) insider Edmond Macri sold 300 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $122.80, for a total value of $36,840.00. Following the sale, the insider now owns 950 shares of the company’s stock, valued at approximately $116,660. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Thursday, September 5th, Edmond Macri sold 278 shares of Wayfair stock. The shares were sold at an average price of $120.00, for a total transaction of $33,360.00.
  • On Thursday, August 22nd, Edmond Macri sold 3 shares of Wayfair stock. The stock was sold at an average price of $121.00, for a total transaction of $363.00.
  • On Tuesday, August 13th, Edmond Macri sold 300 shares of Wayfair stock. The stock was sold at an average price of $124.63, for a total transaction of $37,389.00.
  • On Tuesday, August 6th, Edmond Macri sold 300 shares of Wayfair stock. The shares were sold at an average price of $124.33, for a total transaction of $37,299.00.
  • On Tuesday, July 30th, Edmond Macri sold 300 shares of Wayfair stock. The stock was sold at an average price of $134.23, for a total transaction of $40,269.00.
  • On Tuesday, July 23rd, Edmond Macri sold 300 shares of Wayfair stock. The stock was sold at an average price of $147.01, for a total transaction of $44,103.00.
  • On Tuesday, July 16th, Edmond Macri sold 1,673 shares of Wayfair stock. The shares were sold at an average price of $149.30, for a total transaction of $249,778.90.
  • On Tuesday, July 9th, Edmond Macri sold 300 shares of Wayfair stock. The stock was sold at an average price of $141.40, for a total transaction of $42,420.00.
  • On Tuesday, July 2nd, Edmond Macri sold 300 shares of Wayfair stock. The stock was sold at an average price of $144.25, for a total transaction of $43,275.00.
  • On Tuesday, June 25th, Edmond Macri sold 300 shares of Wayfair stock. The shares were sold at an average price of $152.13, for a total transaction of $45,639.00.

Wayfair stock opened at $132.27 on Friday. Wayfair Inc has a 52 week low of $76.60 and a 52 week high of $173.72. The stock has a market capitalization of $11.43 billion, a P/E ratio of -23.58 and a beta of 1.93. The stock has a 50-day simple moving average of $120.60 and a 200 day simple moving average of $144.49.

Wayfair (NYSE:W) last announced its quarterly earnings data on Thursday, August 1st. The company reported ($1.35) EPS for the quarter, beating the consensus estimate of ($1.97) by $0.62. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.26 billion. The firm’s revenue for the quarter was up 41.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.77) earnings per share. On average, sell-side analysts anticipate that Wayfair Inc will post -9.43 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of W. FMR LLC lifted its holdings in shares of Wayfair by 2.0% during the 1st quarter. FMR LLC now owns 9,454,927 shares of the company’s stock worth $1,403,584,000 after acquiring an additional 184,311 shares during the last quarter. Baillie Gifford & Co. increased its holdings in Wayfair by 14.2% during the second quarter. Baillie Gifford & Co. now owns 3,992,065 shares of the company’s stock valued at $582,841,000 after buying an additional 497,644 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Wayfair by 1.7% in the second quarter. Janus Henderson Group PLC now owns 2,305,740 shares of the company’s stock worth $336,638,000 after purchasing an additional 39,445 shares in the last quarter. FIL Ltd bought a new position in shares of Wayfair during the first quarter worth $272,369,000. Finally, Bares Capital Management Inc. boosted its position in shares of Wayfair by 4.4% during the second quarter. Bares Capital Management Inc. now owns 1,663,326 shares of the company’s stock worth $242,846,000 after acquiring an additional 70,137 shares during the last quarter. Institutional investors own 75.98% of the company’s stock.

A number of equities analysts recently commented on W shares. Wedbush decreased their target price on shares of Wayfair from $140.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Deutsche Bank dropped their price objective on shares of Wayfair from $175.00 to $160.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Piper Jaffray Companies set a $175.00 price objective on shares of Wayfair and gave the company a “buy” rating in a report on Friday, July 19th. Jefferies Financial Group initiated coverage on shares of Wayfair in a report on Friday, May 17th. They set a “buy” rating and a $192.00 target price for the company. Finally, Credit Suisse Group dropped their price target on shares of Wayfair from $195.00 to $165.00 and set an “outperform” rating for the company in a research report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fifteen have given a buy rating to the company’s stock. Wayfair has a consensus rating of “Buy” and a consensus price target of $155.31.

About Wayfair

Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. It provides approximately 14 million products for the home sector under various brands. The company offers selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold.

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

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