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

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

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

  • 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 value of $42,474.00.
  • On Thursday, June 1st, Edmond Macri sold 840 shares of Wayfair stock. The shares were sold at an average price of $64.23, for a total value of $53,953.20.
  • On Tuesday, May 16th, Edmond Macri sold 1,560 shares of Wayfair stock. The shares were sold at an average price of $61.24, for a total value of $95,534.40.
  • On Tuesday, May 9th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $56.75, for a total value of $34,050.00.
  • On Tuesday, May 2nd, Edmond Macri sold 844 shares of Wayfair stock. The shares were sold at an average price of $46.72, for a total value of $39,431.68.
  • On Tuesday, April 25th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $43.69, for a total value 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 value of $26,262.00.
  • On Tuesday, April 11th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $43.96, for a total value of $26,376.00.
  • On Tuesday, April 4th, Edmond Macri sold 844 shares of Wayfair stock. The shares were sold at an average price of $41.03, for a total value of $34,629.32.
  • On Tuesday, March 28th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $39.25, for a total value of $23,550.00.

Shares of Wayfair Inc. (NYSE:W) traded down 3.56% during trading on Monday, reaching $73.46. The company’s stock had a trading volume of 1,899,138 shares. The stock has a 50-day moving average of $62.71 and a 200-day moving average of $45.51. Wayfair Inc. has a 52-week low of $27.60 and a 52-week high of $76.54. The stock’s market cap is $6.36 billion.

Wayfair (NYSE:W) last posted its quarterly earnings results on Tuesday, May 9th. The company reported ($0.48) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.80) by $0.32. Wayfair had a negative return on equity of 215.36% and a negative net margin of 5.84%. The firm had revenue of $960.80 million during the quarter, compared to analyst estimates of $934.84 million. During the same period last year, the company earned ($0.36) earnings per share. The business’s revenue for the quarter was up 28.6% on a year-over-year basis. Analysts predict that Wayfair Inc. will post ($1.56) earnings per share for the current fiscal year.

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

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Several institutional investors have recently bought and sold shares of the company. FMR LLC raised its position in Wayfair by 1.8% in the first quarter. FMR LLC now owns 7,550,245 shares of the company’s stock worth $305,709,000 after buying an additional 133,204 shares during the last quarter. Harbourvest Partners LLC increased its stake in shares of Wayfair by 0.4% in the fourth quarter. Harbourvest Partners LLC now owns 3,860,511 shares of the company’s stock worth $135,311,000 after buying an additional 16,842 shares during the period. Vanguard Group Inc. increased its stake in shares of Wayfair by 4.6% in the first quarter. Vanguard Group Inc. now owns 2,605,201 shares of the company’s stock worth $105,484,000 after buying an additional 113,613 shares during the period. Spruce House Investment Management LLC acquired a new stake in shares of Wayfair during the first quarter worth about $101,225,000. Finally, Baillie Gifford & Co. increased its stake in shares of Wayfair by 18.6% in the first quarter. Baillie Gifford & Co. now owns 1,812,214 shares of the company’s stock worth $73,377,000 after buying an additional 284,599 shares during the period.

Several analysts recently issued reports on W shares. Zacks Investment Research upgraded Wayfair from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research note on Thursday, April 27th. Bank of America Corporation upgraded Wayfair from a “neutral” rating to a “buy” rating and boosted their price target for the company from $44.00 to $75.00 in a research note on Tuesday, May 9th. Oppenheimer Holdings, Inc. upgraded Wayfair from a “market perform” rating to an “outperform” rating and set a $80.00 price target for the company in a research note on Friday, June 2nd. Goldman Sachs Group, Inc. (The) boosted their price target on Wayfair from $37.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, May 10th. Finally, Piper Jaffray Companies restated an “overweight” rating and issued a $51.00 price target on shares of Wayfair in a research note on Tuesday, March 21st. Nine equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $56.90.

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.

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