Wayfair Inc (W) Insider Sells $100,000.00 in Stock

Wayfair Inc (NYSE:W) insider Edmond Macri sold 1,000 shares of the business’s stock in a transaction on Wednesday, January 9th. The shares were sold at an average price of $100.00, for a total transaction of $100,000.00. Following the transaction, the insider now owns 500 shares of the company’s stock, valued at $50,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Tuesday, November 20th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $80.94, for a total transaction of $48,564.00.
  • On Tuesday, November 13th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $93.06, for a total transaction of $55,836.00.
  • On Tuesday, November 6th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $94.88, for a total transaction of $56,928.00.
  • On Tuesday, October 16th, Edmond Macri sold 1,988 shares of Wayfair stock. The shares were sold at an average price of $119.84, for a total transaction of $238,241.92.

W stock opened at $96.40 on Monday. The stock has a market cap of $8.88 billion, a PE ratio of -34.43 and a beta of 1.84. Wayfair Inc has a 52 week low of $60.53 and a 52 week high of $151.20.

Wayfair (NYSE:W) last released its earnings results on Thursday, November 1st. The company reported ($1.28) EPS for the quarter, missing analysts’ consensus estimates of ($1.09) by ($0.19). The firm had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.67 billion. The firm’s quarterly revenue was up 42.4% on a year-over-year basis. During the same period in the prior year, the company earned ($0.65) earnings per share. As a group, research analysts forecast that Wayfair Inc will post -5.72 EPS for the current fiscal year.

A number of research firms recently issued reports on W. Zacks Investment Research upgraded shares of Wayfair from a “sell” rating to a “buy” rating and set a $101.00 target price for the company in a research report on Monday, January 7th. Piper Jaffray Companies set a $87.00 price objective on shares of Wayfair and gave the company a “buy” rating in a report on Thursday, December 20th. Cowen lifted their price objective on shares of Wayfair from $120.00 to $130.00 and gave the company a “positive” rating in a report on Friday, December 7th. Citigroup started coverage on shares of Wayfair in a report on Friday, December 7th. They issued a “neutral” rating and a $117.00 price objective for the company. Finally, William Blair reaffirmed a “market perform” rating on shares of Wayfair in a report on Monday, November 5th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Wayfair has a consensus rating of “Hold” and a consensus target price of $121.84.

Several hedge funds have recently added to or reduced their stakes in W. FMR LLC grew its stake in Wayfair by 2.0% during the 3rd quarter. FMR LLC now owns 8,949,120 shares of the company’s stock valued at $1,321,516,000 after acquiring an additional 176,243 shares in the last quarter. Vanguard Group Inc. grew its stake in Wayfair by 7.5% during the 3rd quarter. Vanguard Group Inc. now owns 4,761,964 shares of the company’s stock valued at $703,199,000 after acquiring an additional 332,832 shares in the last quarter. Vanguard Group Inc grew its stake in Wayfair by 7.5% during the 3rd quarter. Vanguard Group Inc now owns 4,761,964 shares of the company’s stock valued at $703,199,000 after acquiring an additional 332,832 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in Wayfair by 5.5% in the 3rd quarter. Baillie Gifford & Co. now owns 2,845,496 shares of the company’s stock valued at $420,194,000 after purchasing an additional 148,791 shares during the last quarter. Finally, Scopia Capital Management LP acquired a new position in Wayfair in the 2nd quarter valued at about $252,032,000. 70.86% of the stock is owned by institutional investors and hedge funds.

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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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