Insider Selling: Wayfair Inc. (NYSE:W) Insider Sells 1,571 Shares of Stock

Wayfair Inc. (NYSE:W) insider Edmond Macri sold 1,571 shares of the stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $70.03, for a total value of $110,017.13. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

  • On Tuesday, October 24th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $66.69, for a total value of $40,014.00.
  • On Tuesday, October 10th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $65.76, for a total value of $39,456.00.
  • On Tuesday, October 3rd, Edmond Macri sold 844 shares of Wayfair stock. The shares were sold at an average price of $69.61, for a total value of $58,750.84.
  • On Tuesday, September 26th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $71.51, for a total value of $42,906.00.
  • On Tuesday, September 19th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $79.89, for a total value of $47,934.00.
  • On Tuesday, September 12th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $78.26, for a total value of $46,956.00.
  • On Tuesday, September 5th, Edmond Macri sold 842 shares of Wayfair stock. The shares were sold at an average price of $72.17, for a total value of $60,767.14.
  • On Tuesday, August 22nd, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $66.36, for a total value of $39,816.00.
  • On Tuesday, August 15th, Edmond Macri sold 1,570 shares of Wayfair stock. The shares were sold at an average price of $70.70, for a total value of $110,999.00.
  • On Wednesday, August 9th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $72.77, for a total value of $43,662.00.

Shares of Wayfair Inc. (NYSE:W) traded down 1.07% during midday trading on Thursday, reaching $63.83. The company’s stock had a trading volume of 1,411,338 shares. The stock has a 50 day moving average of $72.39 and a 200-day moving average of $67.89. Wayfair Inc. has a 1-year low of $27.60 and a 1-year high of $84.19. The company’s market capitalization is $5.56 billion.

Wayfair (NYSE:W) last announced its quarterly earnings results on Tuesday, August 8th. The company reported ($0.26) EPS for the quarter, beating the consensus estimate of ($0.69) by $0.43. Wayfair had a negative net margin of 5.10% and a negative return on equity of 335.44%. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the business earned ($0.43) earnings per share. Wayfair’s revenue was up 42.7% compared to the same quarter last year. On average, equities research analysts anticipate that Wayfair Inc. will post ($1.45) earnings per share for the current year.

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Several large investors have recently made changes to their positions in the business. Delta Asset Management LLC TN increased its stake in shares of Wayfair by 375.0% in the third quarter. Delta Asset Management LLC TN now owns 1,900 shares of the company’s stock valued at $128,000 after purchasing an additional 1,500 shares during the period. Penserra Capital Management LLC increased its stake in shares of Wayfair by 55.6% in the third quarter. Penserra Capital Management LLC now owns 58,579 shares of the company’s stock valued at $3,948,000 after purchasing an additional 20,920 shares during the period. State of New Jersey Common Pension Fund D increased its stake in shares of Wayfair by 17.3% in the third quarter. State of New Jersey Common Pension Fund D now owns 64,500 shares of the company’s stock valued at $4,347,000 after purchasing an additional 9,500 shares during the period. Aperio Group LLC increased its stake in shares of Wayfair by 59.6% in the third quarter. Aperio Group LLC now owns 4,516 shares of the company’s stock valued at $304,000 after purchasing an additional 1,687 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of Wayfair by 63.8% in the third quarter. First Trust Advisors LP now owns 171,426 shares of the company’s stock valued at $11,554,000 after purchasing an additional 66,797 shares during the period. Institutional investors own 65.94% of the company’s stock.

Several research firms recently commented on W. Piper Jaffray Companies set a $87.00 price target on Wayfair and gave the company a “buy” rating in a report on Saturday, July 1st. Canaccord Genuity restated a “buy” rating on shares of Wayfair in a research report on Tuesday, August 8th. Buckingham Research restated a “buy” rating and set a $95.00 price target on shares of Wayfair in a research report on Thursday, August 10th. BidaskClub lowered Wayfair from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Finally, Credit Suisse Group lifted their target price on Wayfair from $75.00 to $78.00 and gave the company a “neutral” rating in a report on Wednesday, August 9th. Nine investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $77.51.

About Wayfair

Wayfair Inc (Wayfair) offers browsing, merchandising and product discovery for a range of products from various suppliers. The Company operates through two segments: U.S. and International. The U.S. segment consists of amounts earned through product sales through the Company’s five sites in the United States and through sites operated by third parties in the United States.

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

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