Edmond Macri Sells 600 Shares of Wayfair Inc (W) Stock

Wayfair Inc (NYSE:W) insider Edmond Macri sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, June 26th. The shares were sold at an average price of $111.37, for a total value of $66,822.00. Following the transaction, the insider now owns 42,507 shares of the company’s stock, valued at approximately $4,734,004.59. The transaction 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, June 12th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $105.45, for a total value of $63,270.00.
  • On Tuesday, May 29th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $91.42, for a total value of $54,852.00.
  • On Tuesday, May 22nd, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $84.67, for a total value of $50,802.00.
  • On Tuesday, May 15th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $84.73, for a total value of $50,838.00.
  • On Tuesday, May 8th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $82.10, for a total value of $49,260.00.
  • On Tuesday, April 24th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $69.27, for a total value of $41,562.00.
  • On Tuesday, April 17th, Edmond Macri sold 1,965 shares of Wayfair stock. The shares were sold at an average price of $67.10, for a total value of $131,851.50.
  • On Tuesday, April 10th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $68.21, for a total value of $40,926.00.
  • On Tuesday, April 3rd, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $63.50, for a total value of $38,100.00.

NYSE:W opened at $118.64 on Friday. The company has a market capitalization of $9.93 billion, a PE ratio of -42.37 and a beta of 1.57. Wayfair Inc has a 1 year low of $55.33 and a 1 year high of $119.84. The company has a debt-to-equity ratio of -3.30, a current ratio of 1.00 and a quick ratio of 0.95.

Wayfair (NYSE:W) last issued its quarterly earnings results on Wednesday, May 2nd. The company reported ($0.91) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.90) by ($0.01). Wayfair had a negative return on equity of 31,507.11% and a negative net margin of 5.73%. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the prior year, the business posted ($0.48) earnings per share. Wayfair’s revenue was up 46.2% on a year-over-year basis. research analysts expect that Wayfair Inc will post -4.5 EPS for the current fiscal year.

Several equities analysts have weighed in on W shares. ValuEngine upgraded Wayfair from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Wedbush lowered Wayfair from an “outperform” rating to a “neutral” rating and set a $63.00 price objective for the company. in a research note on Monday, April 30th. DA Davidson lowered their price objective on Wayfair to $55.00 and set an “underperform” rating for the company in a research note on Wednesday, April 25th. Morgan Stanley assumed coverage on Wayfair in a research note on Wednesday, April 25th. They issued an “equal weight” rating and a $75.00 price objective for the company. Finally, Oppenheimer raised their price objective on Wayfair to $120.00 and gave the company an “outperform” rating in a research note on Friday, June 8th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $98.22.

Hedge funds have recently modified their holdings of the stock. Bluestein R H & Co. bought a new stake in shares of Wayfair during the 4th quarter worth approximately $466,000. Eaton Vance Management lifted its stake in shares of Wayfair by 56.4% during the 1st quarter. Eaton Vance Management now owns 41,337 shares of the company’s stock worth $2,791,000 after acquiring an additional 14,900 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Wayfair by 1,724.1% during the 4th quarter. Alliancebernstein L.P. now owns 1,101,771 shares of the company’s stock worth $88,439,000 after acquiring an additional 1,041,371 shares during the last quarter. MANA Advisors LLC bought a new stake in shares of Wayfair during the 4th quarter worth approximately $219,000. Finally, Sterling Capital Management LLC raised its position in Wayfair by 16.9% during the 4th quarter. Sterling Capital Management LLC now owns 26,057 shares of the company’s stock valued at $2,092,000 after purchasing an additional 3,761 shares in the last quarter. 75.21% of the stock is owned by hedge funds and other institutional investors.

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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