Wayfair Inc (NYSE:W) insider Edmond Macri sold 600 shares of the business’s stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $94.88, for a total transaction of $56,928.00. Following the transaction, the insider now owns 500 shares in the company, valued at approximately $47,440. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • 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.
  • On Tuesday, October 9th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $129.84, for a total transaction of $77,904.00.
  • On Tuesday, September 4th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $135.01, for a total transaction of $81,006.00.
  • On Tuesday, August 28th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $128.64, for a total transaction of $77,184.00.
  • On Tuesday, August 21st, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $122.32, for a total transaction of $73,392.00.

NYSE:W opened at $93.41 on Friday. Wayfair Inc has a 1-year low of $57.89 and a 1-year high of $151.20. The stock has a market capitalization of $8.78 billion, a P/E ratio of -33.36 and a beta of 1.84.

Wayfair (NYSE:W) last released its quarterly earnings data on Thursday, November 1st. The company reported ($1.28) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.09) by ($0.19). The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the previous year, the business posted ($0.65) earnings per share. Wayfair’s revenue for the quarter was up 42.4% compared to the same quarter last year. As a group, analysts anticipate that Wayfair Inc will post -5.57 EPS for the current year.

Large investors have recently added to or reduced their stakes in the stock. Voya Investment Management LLC lifted its stake in Wayfair by 26.8% in the second quarter. Voya Investment Management LLC now owns 17,638 shares of the company’s stock worth $2,095,000 after acquiring an additional 3,726 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in Wayfair by 6.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 159,649 shares of the company’s stock worth $18,960,000 after acquiring an additional 9,588 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Wayfair by 43.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,318 shares of the company’s stock worth $394,000 after acquiring an additional 1,002 shares during the period. Swiss National Bank lifted its stake in Wayfair by 46.0% in the second quarter. Swiss National Bank now owns 100,600 shares of the company’s stock worth $11,947,000 after acquiring an additional 31,700 shares during the period. Finally, United Services Automobile Association lifted its stake in Wayfair by 7.8% in the second quarter. United Services Automobile Association now owns 6,685 shares of the company’s stock worth $794,000 after acquiring an additional 483 shares during the period. 72.47% of the stock is owned by institutional investors.

A number of research firms have recently commented on W. Canaccord Genuity restated a “buy” rating and issued a $140.00 price target on shares of Wayfair in a report on Wednesday, August 8th. Loop Capital set a $155.00 price target on shares of Wayfair and gave the stock a “buy” rating in a report on Monday, September 10th. Buckingham Research upped their price target on shares of Wayfair from $137.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, August 3rd. MKM Partners upped their price target on shares of Wayfair from $130.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, September 27th. Finally, Morgan Stanley upped their price target on shares of Wayfair from $105.00 to $125.00 and gave the stock an “equal weight” rating in a report on Thursday, October 11th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Wayfair currently has a consensus rating of “Hold” and a consensus price target of $126.06.

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Wayfair Company Profile

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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