Wayfair Inc (W) Insider Edmond Macri Sells 600 Shares

Wayfair Inc (NYSE:W) insider Edmond Macri sold 600 shares of Wayfair stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $81.89, for a total value of $49,134.00. Following the completion of the transaction, the insider now owns 804 shares of the company’s stock, valued at approximately $65,839.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

  • On Tuesday, January 2nd, Edmond Macri sold 796 shares of Wayfair stock. The shares were sold at an average price of $79.87, for a total value of $63,576.52.
  • On Tuesday, December 26th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $80.36, for a total value of $48,216.00.
  • On Friday, December 15th, Edmond Macri sold 5,043 shares of Wayfair stock. The shares were sold at an average price of $76.50, for a total value of $385,789.50.
  • On Tuesday, December 12th, Edmond Macri sold 600 shares of Wayfair stock. The stock was sold at an average price of $73.84, for a total value of $44,304.00.
  • On Tuesday, November 28th, Edmond Macri sold 600 shares of Wayfair stock. The stock was sold at an average price of $68.80, for a total value of $41,280.00.
  • On Tuesday, November 7th, Edmond Macri sold 600 shares of Wayfair stock. The stock was sold at an average price of $64.17, for a total value of $38,502.00.
  • On Tuesday, October 31st, Edmond Macri sold 600 shares of Wayfair stock. The stock was sold at an average price of $69.49, for a total value of $41,694.00.
  • On Tuesday, October 24th, Edmond Macri sold 600 shares of Wayfair stock. The stock was sold at an average price of $66.69, for a total value of $40,014.00.
  • On Tuesday, October 17th, Edmond Macri sold 1,571 shares of Wayfair stock. The stock was sold at an average price of $70.03, for a total value of $110,017.13.

Wayfair Inc (W) traded up $2.43 on Friday, reaching $85.39. The company had a trading volume of 1,177,200 shares, compared to its average volume of 1,550,463. Wayfair Inc has a 12-month low of $35.36 and a 12-month high of $85.65. The firm has a market capitalization of $7,630.00, a PE ratio of -34.29 and a beta of 0.96. The company has a quick ratio of 1.17, a current ratio of 1.19 and a debt-to-equity ratio of 135.98.

Wayfair (NYSE:W) last announced its earnings results on Thursday, November 2nd. The company reported ($0.65) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.03. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.21 billion. Wayfair had a negative return on equity of 658.45% and a negative net margin of 5.06%. The firm’s quarterly revenue was up 39.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.54) earnings per share. equities analysts predict that Wayfair Inc will post -2.64 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Arbitrage SA raised its position in Wayfair by 96.2% in the second quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock valued at $105,000 after purchasing an additional 667 shares during the period. State Board of Administration of Florida Retirement System increased its position in shares of Wayfair by 1.6% during the third quarter. State Board of Administration of Florida Retirement System now owns 51,345 shares of the company’s stock worth $3,461,000 after acquiring an additional 800 shares during the period. DF Dent & Co. Inc. increased its position in shares of Wayfair by 19.1% during the third quarter. DF Dent & Co. Inc. now owns 8,391 shares of the company’s stock worth $566,000 after acquiring an additional 1,343 shares during the period. Delta Asset Management LLC TN increased its position in shares of Wayfair by 375.0% during the third quarter. Delta Asset Management LLC TN now owns 1,900 shares of the company’s stock worth $128,000 after acquiring an additional 1,500 shares during the period. Finally, Aperio Group LLC increased its position in shares of Wayfair by 59.6% during the third quarter. Aperio Group LLC now owns 4,516 shares of the company’s stock worth $304,000 after acquiring an additional 1,687 shares during the period. 66.73% of the stock is currently owned by institutional investors.

Several equities research analysts recently issued reports on the company. Canaccord Genuity reiterated a “buy” rating and issued a $90.00 price objective on shares of Wayfair in a report on Sunday, October 1st. Piper Jaffray Companies set a $89.00 price objective on Wayfair and gave the stock a “buy” rating in a report on Sunday, October 1st. Citigroup lowered their target price on Wayfair from $80.00 to $66.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. DA Davidson restated a “hold” rating and set a $60.00 target price on shares of Wayfair in a report on Friday, November 3rd. Finally, Wedbush lowered their target price on Wayfair from $82.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday, November 3rd. Twelve investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $77.64.

TRADEMARK VIOLATION WARNING: This piece was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece on another site, it was illegally copied and republished in violation of US & international copyright law. The legal version of this piece can be read at https://www.dispatchtribunal.com/2018/01/12/wayfair-inc-w-insider-edmond-macri-sells-600-shares.html.

Wayfair Company Profile

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)

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.

Leave a Reply