Wayfair Inc. (NYSE:W) insider Edmond Macri sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, September 13th. The stock was sold at an average price of $38.27, for a total value of $22,962.00. Following the sale, the insider now directly owns 234,440 shares of the company’s stock, valued at approximately $8,972,018.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Thursday, September 15th, Edmond Macri sold 3,905 shares of Wayfair stock. The shares were sold at an average price of $39.58, for a total value of $154,559.90.
  • On Tuesday, September 6th, Edmond Macri sold 835 shares of Wayfair stock. The shares were 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 shares were 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 shares were 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 shares were sold at an average price of $39.12, for a total value of $59,970.96.
  • On Tuesday, August 9th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $41.94, for a total value of $25,164.00.
  • On Tuesday, August 2nd, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $44.50, for a total value of $26,700.00.
  • On Tuesday, July 26th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $39.50, for a total value of $23,700.00.
  • On Tuesday, July 19th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $40.24, for a total value of $24,144.00.
  • On Tuesday, July 12th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $40.57, for a total value of $24,342.00.

Wayfair Inc. (NYSE:W) opened at 41.56 on Tuesday. Wayfair Inc. has a one year low of $28.85 and a one year high of $50.00. The firm’s 50-day moving average price is $40.33 and its 200-day moving average price is $40.40. The company’s market cap is $3.53 billion.

Wayfair (NYSE:W) last released its earnings results 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. The company had revenue of $755.70 million for the quarter, compared to the consensus estimate of $782.43 million. Wayfair had a negative net margin of 4.20% and a negative return on equity of 56.95%. The business’s revenue was up 60.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.15) earnings per share. On average, equities research analysts forecast that Wayfair Inc. will post ($1.67) earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on W shares. Vetr raised Wayfair from a “buy” rating to a “strong-buy” rating and set a $42.28 price objective for the company in a research report on Wednesday, September 14th. Zacks Investment Research raised Wayfair from a “sell” rating to a “hold” rating in a research report on Saturday, July 9th. Goldman Sachs Group Inc. lowered Wayfair from a “buy” rating to a “neutral” rating and cut their target price for the company from $46.00 to $43.00 in a research note on Wednesday, August 10th. Pacific Crest restated an “equal weight” rating on shares of Wayfair in a research note on Sunday, August 14th. Finally, Oppenheimer Holdings Inc. restated a “sector perform” rating on shares of Wayfair in a research note on Sunday, August 14th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, eight 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 an average price target of $51.49.

Hedge funds have recently added to or reduced their stakes in the stock. Pacad Investment Ltd. bought a new stake in Wayfair during the first quarter worth $1,035,000. TIAA CREF Investment Management LLC increased its stake in Wayfair by 27.0% in the first quarter. TIAA CREF Investment Management LLC now owns 144,046 shares of the company’s stock worth $6,226,000 after buying an additional 30,651 shares during the last quarter. Teachers Advisors Inc. increased its stake in Wayfair by 2.3% in the first quarter. Teachers Advisors Inc. now owns 30,241 shares of the company’s stock worth $1,307,000 after buying an additional 691 shares during the last quarter. BlackRock Group LTD increased its stake in Wayfair by 61.3% in the first quarter. BlackRock Group LTD now owns 7,489 shares of the company’s stock worth $324,000 after buying an additional 2,847 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in Wayfair by 4.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 555,160 shares of the company’s stock worth $23,994,000 after buying an additional 25,347 shares during the last quarter. Hedge funds and other institutional investors own 72.02% of the company’s stock.

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.

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