Insider Selling: Wayfair Inc. (W) Insider Sells 1,552 Shares of Stock

Wayfair Inc. (NYSE:W) insider Edmond Macri sold 1,552 shares of the stock in a transaction that occurred on Tuesday, October 18th. The stock was sold at an average price of $35.63, for a total value of $55,297.76. Following the completion of the sale, the insider now owns 8,488 shares in the company, valued at $302,427.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Tuesday, October 11th, Edmond Macri sold 600 shares of Wayfair stock. The stock was sold at an average price of $37.27, for a total value of $22,362.00.
  • On Tuesday, October 4th, Edmond Macri sold 600 shares of Wayfair stock. The stock was sold at an average price of $38.80, for a total value of $23,280.00.
  • On Tuesday, September 27th, Edmond Macri sold 600 shares of Wayfair stock. The stock was sold at an average price of $41.40, for a total value of $24,840.00.
  • On Tuesday, September 20th, Edmond Macri sold 600 shares of Wayfair stock. The stock was sold at an average price of $41.66, for a total value of $24,996.00.
  • On Thursday, September 15th, Edmond Macri sold 3,905 shares of Wayfair stock. The stock was sold at an average price of $39.58, for a total value of $154,559.90.
  • On Tuesday, September 13th, Edmond Macri sold 600 shares of Wayfair stock. The stock was sold at an average price of $38.27, for a total value of $22,962.00.
  • On Tuesday, September 6th, Edmond Macri sold 835 shares of Wayfair stock. The stock was sold at an average price of $39.08, for a total value of $32,631.80.
  • On Tuesday, August 30th, Edmond Macri sold 600 shares of Wayfair stock. The stock was sold at an average price of $38.26, for a total value of $22,956.00.
  • On Tuesday, August 23rd, Edmond Macri sold 600 shares of Wayfair stock. The stock was sold at an average price of $38.20, for a total value of $22,920.00.
  • On Tuesday, August 16th, Edmond Macri sold 1,533 shares of Wayfair stock. The stock was sold at an average price of $39.12, for a total value of $59,970.96.

Shares of Wayfair Inc. (NYSE:W) traded up 1.93% during mid-day trading on Tuesday, reaching $36.42. The company’s stock had a trading volume of 900,695 shares. Wayfair Inc. has a 52 week low of $28.85 and a 52 week high of $50.00. The company’s 50-day moving average is $39.32 and its 200-day moving average is $39.93. The stock’s market capitalization is $3.10 billion.

Wayfair (NYSE:W) last posted its quarterly earnings data on Tuesday, August 9th. The company reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.41) by $0.02. Wayfair had a negative return on equity of 56.95% and a negative net margin of 4.20%. The company had revenue of $755.70 million for the quarter, compared to analysts’ expectations of $782.43 million. During the same period in the prior year, the company posted ($0.15) EPS. The firm’s revenue was up 60.0% compared to the same quarter last year. Equities analysts predict that Wayfair Inc. will post ($1.67) EPS for the current year.

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

Hedge funds have recently bought and sold shares of the company. BNP Paribas Arbitrage SA raised its stake in Wayfair by 112.9% in the third quarter. BNP Paribas Arbitrage SA now owns 2,629 shares of the company’s stock worth $104,000 after buying an additional 1,394 shares in the last quarter. BlackRock Inc. raised its stake in Wayfair by 70.0% in the second quarter. BlackRock Inc. now owns 2,689 shares of the company’s stock worth $105,000 after buying an additional 1,107 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new stake in Wayfair during the second quarter worth $107,000. Legal & General Group Plc raised its stake in Wayfair by 28.8% in the second quarter. Legal & General Group Plc now owns 3,810 shares of the company’s stock worth $149,000 after buying an additional 853 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its stake in Wayfair by 42.4% in the second quarter. Teacher Retirement System of Texas now owns 3,905 shares of the company’s stock worth $152,000 after buying an additional 1,163 shares in the last quarter. 71.82% of the stock is currently owned by institutional investors and hedge funds.

W has been the topic of several research reports. Cowen and Company restated a “buy” rating and set a $61.00 price objective on shares of Wayfair in a report on Tuesday, June 21st. Vetr downgraded Wayfair from a “strong-buy” rating to a “buy” rating and set a $46.67 price target on the stock. in a report on Wednesday, June 22nd. Zacks Investment Research upgraded Wayfair from a “sell” rating to a “hold” rating in a report on Saturday, July 9th. Veritas Investment Research reiterated a “hold” rating on shares of Wayfair in a report on Friday, August 5th. Finally, Maxim Group set a $49.00 price target on Wayfair and gave the company a “buy” rating in a report on Tuesday, August 9th. Fourteen equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Wayfair presently has an average rating of “Hold” and an average price target of $51.42.

About Wayfair

Wayfair Inc (Wayfair) offers browsing, merchandising, product discovery and prices for a range of products from suppliers across various brands, including Wayfair.com, Joss & Main, AllModern, DwellStudio and Birch Lane. The Company offers a range of furniture, home furnishings, decor and goods. Wayfair produces editorial content both in-house and through third parties.

5 Day Chart for NYSE:W

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