Wayfair Inc. (NYSE:W) insider Edmond Macri sold 600 shares of the stock in a transaction that occurred on Tuesday, September 20th. The stock was sold at an average price of $41.66, for a total transaction of $24,996.00. Following the completion of the transaction, the insider now owns 238,241 shares in the company, valued at approximately $9,925,120.06. The sale was disclosed in a filing with the SEC, which is available at 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 stock was sold at an average price of $39.58, for a total transaction of $154,559.90.
  • On Tuesday, September 13th, Edmond Macri sold 600 shares of Wayfair stock. The stock was sold at an average price of $38.27, for a total transaction of $22,962.00.
  • On Tuesday, September 6th, Edmond Macri sold 835 shares of Wayfair stock. The stock was sold at an average price of $39.08, for a total transaction of $32,631.80.
  • On Tuesday, August 30th, Edmond Macri sold 600 shares of Wayfair stock. The stock was sold at an average price of $38.26, for a total transaction of $22,956.00.
  • On Tuesday, August 23rd, Edmond Macri sold 600 shares of Wayfair stock. The stock was sold at an average price of $38.20, for a total transaction of $22,920.00.
  • On Tuesday, August 16th, Edmond Macri sold 1,533 shares of Wayfair stock. The stock was sold at an average price of $39.12, for a total transaction of $59,970.96.
  • On Tuesday, August 9th, Edmond Macri sold 600 shares of Wayfair stock. The stock was sold at an average price of $41.94, for a total transaction of $25,164.00.
  • On Tuesday, August 2nd, Edmond Macri sold 600 shares of Wayfair stock. The stock was sold at an average price of $44.50, for a total transaction of $26,700.00.
  • On Tuesday, July 26th, Edmond Macri sold 600 shares of Wayfair stock. The stock was sold at an average price of $39.50, for a total transaction of $23,700.00.
  • On Tuesday, July 19th, Edmond Macri sold 600 shares of Wayfair stock. The stock was sold at an average price of $40.24, for a total transaction of $24,144.00.

Shares of Wayfair Inc. (NYSE:W) opened at 42.81 on Friday. The firm’s market capitalization is $3.64 billion. The firm has a 50 day moving average price of $40.02 and a 200-day moving average price of $40.41. Wayfair Inc. has a 52 week low of $28.85 and a 52 week high of $50.00.

Wayfair (NYSE:W) last released its earnings results on Tuesday, August 9th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.41) by $0.02. The company earned $755.70 million during the quarter, compared to analyst estimates of $782.43 million. Wayfair had a negative net margin of 4.20% and a negative return on equity of 56.95%. The company’s revenue for the quarter was up 60.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.15) EPS. Equities research analysts predict that Wayfair Inc. will post ($1.67) EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in Wayfair by 70.0% in the second quarter. BlackRock Inc. now owns 2,689 shares of the company’s stock worth $105,000 after buying an additional 1,107 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new stake in Wayfair during the second quarter worth $107,000. Legal & General Group Plc increased its stake in Wayfair by 46.8% in the first quarter. Legal & General Group Plc now owns 2,957 shares of the company’s stock worth $124,000 after buying an additional 943 shares during the period. Teacher Retirement System of Texas increased its stake in Wayfair by 42.4% in the second quarter. Teacher Retirement System of Texas now owns 3,905 shares of the company’s stock worth $152,000 after buying an additional 1,163 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in Wayfair during the first quarter worth $291,000. 71.84% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have commented on W shares. Zacks Investment Research upgraded Wayfair from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research report on Thursday, August 11th. Vetr upgraded Wayfair from a “buy” rating to a “strong-buy” rating and set a $42.28 price objective on the stock in a research report on Wednesday, September 14th. Veritas Investment Research restated a “hold” rating on shares of Wayfair in a research report on Friday, August 5th. Cowen and Company restated a “buy” rating and issued a $61.00 price objective on shares of Wayfair in a research report on Tuesday, June 21st. Finally, Bank of America Corp. lowered Wayfair from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $54.00 to $45.00 in a research report on Wednesday, August 10th. Fourteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $51.49.

Wayfair Company Profile

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.

5 Day Chart for NYSE:W

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