Edmond Macri Sells 5,175 Shares of Wayfair Inc. (W) Stock

Wayfair Inc. (NYSE:W) insider Edmond Macri sold 5,175 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $70.22, for a total transaction of $363,388.50. Following the completion of the sale, the insider now owns 2,760 shares in the company, valued at $193,807.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

  • 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 transaction 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 transaction 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 transaction of $44,322.00.
  • On Tuesday, June 13th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $70.79, for a total transaction of $42,474.00.
  • On Thursday, June 1st, Edmond Macri sold 840 shares of Wayfair stock. The stock was sold at an average price of $64.23, for a total transaction of $53,953.20.
  • On Tuesday, May 16th, Edmond Macri sold 1,560 shares of Wayfair stock. The stock was sold at an average price of $61.24, for a total transaction of $95,534.40.
  • On Tuesday, May 9th, Edmond Macri sold 600 shares of Wayfair stock. The stock was sold at an average price of $56.75, for a total transaction of $34,050.00.
  • On Tuesday, May 2nd, Edmond Macri sold 844 shares of Wayfair stock. The stock was sold at an average price of $46.72, for a total transaction of $39,431.68.
  • On Tuesday, April 25th, Edmond Macri sold 600 shares of Wayfair stock. The stock was sold at an average price of $43.69, for a total transaction of $26,214.00.
  • On Tuesday, April 18th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $43.77, for a total transaction of $26,262.00.

Wayfair Inc. (NYSE W) traded down 0.24% on Friday, reaching $74.06. 750,031 shares of the company traded hands. Wayfair Inc. has a one year low of $27.60 and a one year high of $78.21. The firm has a 50 day moving average of $68.82 and a 200-day moving average of $48.02. The stock’s market capitalization is $6.42 billion.

Wayfair (NYSE:W) last issued its earnings results on Tuesday, May 9th. The company reported ($0.48) EPS for the quarter, topping the consensus estimate of ($0.80) by $0.32. The business had revenue of $960.80 million during the quarter, compared to the consensus estimate of $934.84 million. Wayfair had a negative return on equity of 215.36% and a negative net margin of 5.84%. The firm’s revenue was up 28.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.36) EPS. On average, analysts anticipate that Wayfair Inc. will post ($1.55) EPS for the current year.

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W has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Wayfair from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research note on Thursday, April 27th. Bank of America Corporation upgraded shares of Wayfair from a “neutral” rating to a “buy” rating and upped their target price for the company from $44.00 to $75.00 in a research note on Tuesday, May 9th. Oppenheimer Holdings, Inc. upgraded shares of Wayfair from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research note on Friday, June 2nd. Gordon Haskett cut shares of Wayfair from a “buy” rating to an “accumulate” rating and increased their price objective for the company from $70.00 to $85.00 in a research note on Tuesday, June 27th. Finally, Goldman Sachs Group, Inc. (The) increased their price objective on shares of Wayfair from $37.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, May 10th. Ten research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Wayfair has a consensus rating of “Buy” and an average target price of $58.50.

Several hedge funds have recently modified their holdings of W. UBS Oconnor LLC boosted its position in shares of Wayfair by 126.3% in the first quarter. UBS Oconnor LLC now owns 316,798 shares of the company’s stock worth $12,827,000 after buying an additional 176,798 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Wayfair by 480.9% in the first quarter. Goldman Sachs Group Inc. now owns 201,769 shares of the company’s stock worth $8,170,000 after buying an additional 167,034 shares during the period. Adalta Capital Management LLC bought a new position in shares of Wayfair during the first quarter worth approximately $1,247,000. FNY Partners Fund LP boosted its position in shares of Wayfair by 2,900.0% in the first quarter. FNY Partners Fund LP now owns 3,000 shares of the company’s stock worth $121,000 after buying an additional 2,900 shares during the period. Finally, Clough Capital Partners L P boosted its position in shares of Wayfair by 46.1% in the first quarter. Clough Capital Partners L P now owns 318,664 shares of the company’s stock worth $11,716,000 after buying an additional 100,482 shares during the period.

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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