Wayfair Inc (W) Insider Edmond Macri Sells 500 Shares of Stock

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Wayfair Inc (NYSE:W) insider Edmond Macri sold 500 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $170.67, for a total value of $85,335.00. Following the completion of the sale, the insider now owns 500 shares of the company’s stock, valued at $85,335. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

  • On Tuesday, February 26th, Edmond Macri sold 500 shares of Wayfair stock. The shares were sold at an average price of $159.02, for a total value of $79,510.00.
  • On Tuesday, February 19th, Edmond Macri sold 500 shares of Wayfair stock. The shares were sold at an average price of $122.43, for a total value of $61,215.00.
  • On Tuesday, February 12th, Edmond Macri sold 500 shares of Wayfair stock. The shares were sold at an average price of $120.91, for a total value of $60,455.00.
  • On Tuesday, January 29th, Edmond Macri sold 500 shares of Wayfair stock. The shares were sold at an average price of $105.22, for a total value of $52,610.00.
  • On Friday, January 25th, Edmond Macri sold 500 shares of Wayfair stock. The shares were sold at an average price of $101.94, for a total value of $50,970.00.
  • On Friday, January 18th, Edmond Macri sold 1,000 shares of Wayfair stock. The shares were sold at an average price of $100.05, for a total value of $100,050.00.
  • On Wednesday, January 9th, Edmond Macri sold 1,000 shares of Wayfair stock. The shares were sold at an average price of $100.00, for a total value of $100,000.00.

Shares of Wayfair stock traded up $0.69 during trading on Friday, reaching $166.01. 2,002,441 shares of the company’s stock were exchanged, compared to its average volume of 2,213,958. Wayfair Inc has a 1-year low of $60.53 and a 1-year high of $172.79. The stock has a market capitalization of $14.94 billion, a P/E ratio of -29.59 and a beta of 2.06.

Wayfair (NYSE:W) last posted its quarterly earnings results on Friday, February 22nd. The company reported ($1.12) EPS for the quarter, topping analysts’ consensus estimates of ($1.80) by $0.68. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same period last year, the firm posted ($0.58) EPS. Wayfair’s quarterly revenue was up 40.0% on a year-over-year basis. As a group, research analysts anticipate that Wayfair Inc will post -7.82 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of W. Bank of Montreal Can increased its holdings in Wayfair by 14.4% in the 3rd quarter. Bank of Montreal Can now owns 7,210 shares of the company’s stock worth $1,065,000 after purchasing an additional 905 shares in the last quarter. SG Americas Securities LLC increased its holdings in Wayfair by 194.9% in the 3rd quarter. SG Americas Securities LLC now owns 7,114 shares of the company’s stock worth $1,051,000 after purchasing an additional 4,702 shares in the last quarter. MML Investors Services LLC acquired a new position in Wayfair in the 3rd quarter worth about $548,000. Piedmont Investment Advisors Inc. acquired a new position in Wayfair in the 3rd quarter worth about $611,000. Finally, Rafferty Asset Management LLC acquired a new position in Wayfair in the 3rd quarter worth about $292,000. 80.46% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently weighed in on W shares. Loop Capital upped their target price on Wayfair to $195.00 and gave the company a “positive” rating in a research report on Tuesday. Zacks Investment Research downgraded Wayfair from a “hold” rating to a “sell” rating in a research report on Saturday, March 2nd. Bank of America reiterated a “neutral” rating and set a $175.00 target price (up from $163.00) on shares of Wayfair in a research report on Friday, March 1st. Argus started coverage on Wayfair in a research report on Thursday, February 28th. They set a “hold” rating and a $163.85 target price for the company. Finally, Buckingham Research upped their target price on Wayfair from $130.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, February 25th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $141.99.

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About Wayfair

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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