Wayfair Inc (NYSE:W) Insider Sells $47,571.00 in Stock

Wayfair Inc (NYSE:W) insider Edmond Macri sold 300 shares of the business’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $158.57, for a total value of $47,571.00. Following the completion of the transaction, the insider now owns 950 shares of the company’s stock, valued at $150,641.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

  • On Tuesday, June 4th, Edmond Macri sold 300 shares of Wayfair stock. The shares were sold at an average price of $142.32, for a total value of $42,696.00.
  • On Tuesday, May 28th, Edmond Macri sold 300 shares of Wayfair stock. The shares were sold at an average price of $144.42, for a total value of $43,326.00.
  • On Tuesday, May 21st, Edmond Macri sold 500 shares of Wayfair stock. The shares were sold at an average price of $153.48, for a total value of $76,740.00.
  • On Tuesday, May 14th, Edmond Macri sold 500 shares of Wayfair stock. The shares were sold at an average price of $140.54, for a total value of $70,270.00.
  • On Tuesday, May 7th, Edmond Macri sold 500 shares of Wayfair stock. The shares were sold at an average price of $150.00, for a total value of $75,000.00.
  • On Tuesday, April 30th, Edmond Macri sold 500 shares of Wayfair stock. The shares were sold at an average price of $161.27, for a total value of $80,635.00.
  • On Monday, April 15th, Edmond Macri sold 1,373 shares of Wayfair stock. The shares were sold at an average price of $145.00, for a total value of $199,085.00.
  • On Tuesday, April 2nd, Edmond Macri sold 500 shares of Wayfair stock. The shares were sold at an average price of $150.04, for a total value of $75,020.00.
  • On Tuesday, March 19th, Edmond Macri sold 500 shares of Wayfair stock. The shares were sold at an average price of $169.79, for a total value of $84,895.00.

Wayfair stock traded down $3.50 during trading on Friday, reaching $158.21. 883,651 shares of the company’s stock were exchanged, compared to its average volume of 1,867,896. Wayfair Inc has a 52-week low of $76.60 and a 52-week high of $173.72. The stock has a market cap of $14.75 billion, a price-to-earnings ratio of -28.20 and a beta of 2.03.

Wayfair (NYSE:W) last announced its quarterly earnings results on Thursday, May 2nd. The company reported ($1.62) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($0.02). The company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same period last year, the business posted ($0.91) earnings per share. The company’s revenue for the quarter was up 38.5% compared to the same quarter last year. On average, analysts predict that Wayfair Inc will post -8.34 earnings per share for the current year.

Large investors have recently bought and sold shares of the business. B. Riley Wealth Management Inc. acquired a new position in Wayfair during the first quarter valued at approximately $261,000. FMR LLC increased its position in Wayfair by 2.0% during the first quarter. FMR LLC now owns 9,454,927 shares of the company’s stock worth $1,403,584,000 after acquiring an additional 184,311 shares during the period. Adalta Capital Management LLC increased its position in Wayfair by 1.1% during the first quarter. Adalta Capital Management LLC now owns 23,555 shares of the company’s stock worth $3,497,000 after acquiring an additional 250 shares during the period. Ferris Capital LLC bought a new position in Wayfair during the first quarter worth about $557,000. Finally, Graticule Asia Macro Advisors LLC bought a new position in Wayfair during the first quarter worth about $2,924,000. 80.28% of the stock is owned by institutional investors.

A number of analysts have recently commented on the company. Zacks Investment Research upgraded Wayfair from a “sell” rating to a “hold” rating in a report on Friday, April 19th. Robert W. Baird upped their price objective on Wayfair from $108.00 to $150.00 and gave the stock a “neutral” rating in a report on Monday, February 25th. Argus assumed coverage on Wayfair in a report on Thursday, February 28th. They set a “hold” rating and a $163.85 price objective for the company. Buckingham Research upped their price objective on Wayfair from $130.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, February 25th. Finally, Loop Capital upped their price objective on Wayfair from $145.00 to $155.00 and gave the stock a “positive” rating in a report on Friday, February 22nd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $151.73.

COPYRIGHT VIOLATION NOTICE: This news story was first reported by Markets Daily and is owned by of Markets Daily. If you are reading this news story on another site, it was copied illegally and reposted in violation of US and international trademark and copyright law. The correct version of this news story can be viewed at https://www.themarketsdaily.com/2019/06/14/wayfair-inc-nysew-insider-sells-47571-00-in-stock.html.

Wayfair Company Profile

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.

See Also: Buy Rating

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

Receive News & Ratings for Wayfair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wayfair and related companies with MarketBeat.com's FREE daily email newsletter.