Edmond Macri Sells 600 Shares of Wayfair (W) Stock

Wayfair (NYSE:W) insider Edmond Macri sold 600 shares of the business’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $85.14, for a total value of $51,084.00. Following the sale, the insider now owns 848 shares in the company, valued at approximately $72,198.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

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  • On Tuesday, April 3rd, Edmond Macri sold 600 shares of Wayfair stock. The stock was sold at an average price of $63.50, for a total value of $38,100.00.
  • On Tuesday, March 27th, Edmond Macri sold 600 shares of Wayfair stock. The stock was sold at an average price of $66.86, for a total value of $40,116.00.
  • On Tuesday, March 20th, Edmond Macri sold 600 shares of Wayfair stock. The stock was sold at an average price of $76.02, for a total value of $45,612.00.
  • On Tuesday, March 6th, Edmond Macri sold 600 shares of Wayfair stock. The stock was sold at an average price of $81.01, for a total value of $48,606.00.
  • On Thursday, March 1st, Edmond Macri sold 153 shares of Wayfair stock. The stock was sold at an average price of $77.17, for a total value of $11,807.01.
  • On Tuesday, February 13th, Edmond Macri sold 600 shares of Wayfair stock. The stock was sold at an average price of $92.88, for a total value of $55,728.00.
  • On Thursday, February 1st, Edmond Macri sold 755 shares of Wayfair stock. The stock was sold at an average price of $92.53, for a total value of $69,860.15.
  • On Tuesday, January 23rd, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $88.24, for a total value of $52,944.00.
  • On Tuesday, January 16th, Edmond Macri sold 1,310 shares of Wayfair stock. The shares were sold at an average price of $86.63, for a total value of $113,485.30.
  • On Tuesday, January 9th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $81.89, for a total value of $49,134.00.

Wayfair stock traded down $1.48 during trading hours on Friday, reaching $66.64. 1,122,389 shares of the company were exchanged, compared to its average volume of 1,948,626. The stock has a market capitalization of $5,878.11, a P/E ratio of -23.80 and a beta of 1.37. The company has a quick ratio of 1.07, a current ratio of 1.10 and a debt-to-equity ratio of -8.60. Wayfair has a 12 month low of $41.59 and a 12 month high of $100.14.

Wayfair (NYSE:W) last announced its earnings results on Thursday, February 22nd. The company reported ($0.83) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.79) by ($0.04). Wayfair had a negative return on equity of 31,507.11% and a negative net margin of 5.18%. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the company earned ($0.34) EPS. The firm’s revenue for the quarter was up 46.2% compared to the same quarter last year. sell-side analysts anticipate that Wayfair will post -3.69 earnings per share for the current year.

W has been the topic of several research analyst reports. Zacks Investment Research raised Wayfair from a “sell” rating to a “hold” rating in a research note on Saturday, February 10th. Cowen reissued a “buy” rating on shares of Wayfair in a research note on Friday, January 12th. MKM Partners set a $107.00 price target on Wayfair and gave the company a “buy” rating in a research note on Wednesday, January 24th. Stifel Nicolaus cut Wayfair from a “buy” rating to a “hold” rating and boosted their price target for the company from $82.00 to $90.00 in a research note on Monday, January 22nd. They noted that the move was a valuation call. Finally, Gordon Haskett cut Wayfair from a “buy” rating to an “accumulate” rating in a research note on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have issued a buy rating to the stock. Wayfair presently has a consensus rating of “Hold” and an average price target of $85.90.

Hedge funds have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Wayfair by 52.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,803 shares of the company’s stock worth $145,000 after buying an additional 624 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Wayfair by 1,512.5% during the third quarter. Advisors Asset Management Inc. now owns 2,322 shares of the company’s stock worth $157,000 after buying an additional 2,178 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Wayfair by 78.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,403 shares of the company’s stock valued at $193,000 after purchasing an additional 1,056 shares in the last quarter. Kennedy Capital Management Inc. acquired a new position in shares of Wayfair in the fourth quarter valued at $215,000. Finally, MANA Advisors LLC acquired a new position in shares of Wayfair in the fourth quarter valued at $219,000. Institutional investors own 71.15% of the company’s stock.

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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.

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

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