Insider Selling: Wayfair Inc (NYSE:W) Insider Sells $39,972.00 in Stock

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Wayfair Inc (NYSE:W) insider Edmond Macri sold 300 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $133.24, for a total transaction of $39,972.00. Following the completion of the sale, the insider now directly owns 3,450 shares in the company, valued at approximately $459,678. The transaction 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 Tuesday, September 10th, Edmond Macri sold 300 shares of Wayfair stock. The shares were sold at an average price of $122.80, for a total transaction of $36,840.00.
  • 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 shares were 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 shares were 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 stock was 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 stock was 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.

Shares of W stock opened at $128.67 on Friday. Wayfair Inc has a 1 year low of $76.60 and a 1 year high of $173.72. The firm’s 50 day moving average is $119.87 and its 200-day moving average is $143.48. The firm has a market capitalization of $12.38 billion, a price-to-earnings ratio of -22.94 and a beta of 1.93.

Wayfair (NYSE:W) last announced its earnings results on Thursday, August 1st. The company reported ($1.35) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.97) by $0.62. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the previous year, the company posted ($0.77) earnings per share. Wayfair’s revenue for the quarter was up 41.6% on a year-over-year basis. Equities research analysts anticipate that Wayfair Inc will post -9.43 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in the company. CSat Investment Advisory L.P. acquired a new position in Wayfair in the second quarter valued at approximately $25,000. Harvest Fund Management Co. Ltd acquired a new position in Wayfair in the second quarter valued at approximately $77,000. Personal Wealth Partners acquired a new position in Wayfair in the second quarter valued at approximately $107,000. Point72 Hong Kong Ltd acquired a new position in Wayfair in the second quarter valued at approximately $111,000. Finally, Steward Partners Investment Advisory LLC acquired a new position in Wayfair in the second quarter valued at approximately $139,000. Institutional investors own 75.98% of the company’s stock.

Several brokerages have weighed in on W. Piper Jaffray Companies set a $175.00 price objective on shares of Wayfair and gave the stock a “buy” rating in a research note on Friday, July 19th. Berenberg Bank began coverage on shares of Wayfair in a research note on Friday. They set a “sell” rating on the stock. Deutsche Bank decreased 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. Needham & Company LLC began coverage on shares of Wayfair in a research note on Monday, July 1st. They set a “buy” rating and a $175.00 price objective on the stock. Finally, Credit Suisse Group decreased their price objective on shares of Wayfair from $195.00 to $165.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have given a buy rating to the company’s stock. Wayfair presently has a consensus rating of “Buy” and an average price target of $155.59.

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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