Insider Selling: Wayfair Inc (W) Insider Sells 500 Shares of Stock

Wayfair Inc (NYSE:W) insider Edmond Macri sold 500 shares of the stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $159.02, for a total transaction of $79,510.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

  • On Tuesday, February 19th, Edmond Macri sold 500 shares of Wayfair stock. The stock was sold at an average price of $122.43, for a total transaction of $61,215.00.
  • On Tuesday, February 12th, Edmond Macri sold 500 shares of Wayfair stock. The stock was sold at an average price of $120.91, for a total transaction of $60,455.00.
  • On Tuesday, January 29th, Edmond Macri sold 500 shares of Wayfair stock. The stock was sold at an average price of $105.22, for a total transaction of $52,610.00.
  • On Friday, January 25th, Edmond Macri sold 500 shares of Wayfair stock. The stock was sold at an average price of $101.94, for a total transaction of $50,970.00.
  • On Friday, January 18th, Edmond Macri sold 1,000 shares of Wayfair stock. The stock was sold at an average price of $100.05, for a total transaction of $100,050.00.
  • On Wednesday, January 9th, Edmond Macri sold 1,000 shares of Wayfair stock. The stock was sold at an average price of $100.00, for a total transaction of $100,000.00.

NYSE W traded up $4.07 during trading hours on Friday, reaching $169.75. The company’s stock had a trading volume of 101,723 shares, compared to its average volume of 2,228,064. The firm has a market cap of $15.16 billion, a PE ratio of -30.27 and a beta of 1.89. Wayfair Inc has a 52 week low of $60.53 and a 52 week high of $166.13.

Wayfair (NYSE:W) last issued its quarterly earnings data on Friday, February 22nd. The company reported ($1.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.80) by $0.68. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.97 billion. The firm’s quarterly revenue was up 40.0% compared to the same quarter last year. During the same quarter last year, the business earned ($0.58) EPS. Analysts predict that Wayfair Inc will post -6.5 EPS for the current year.

A number of equities research analysts have issued reports on the stock. William Blair reiterated a “market perform” rating on shares of Wayfair in a research note on Monday, November 5th. Deutsche Bank assumed coverage on shares of Wayfair in a report on Tuesday, January 29th. They issued a “buy” rating and a $124.00 target price for the company. Bank of America increased their target price on shares of Wayfair from $163.00 to $175.00 and gave the stock a “neutral” rating in a report on Friday. Credit Suisse Group raised shares of Wayfair from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $117.00 to $130.00 in a report on Monday, January 28th. Finally, Zacks Investment Research cut shares of Wayfair from a “buy” rating to a “hold” rating in a report on Monday, February 11th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $140.09.

Hedge funds and other institutional investors have recently modified their holdings of the stock. LS Investment Advisors LLC acquired a new stake in Wayfair during the 4th quarter valued at approximately $60,000. JS Capital Management LLC acquired a new stake in Wayfair during the 3rd quarter valued at approximately $103,000. Brandywine Global Investment Management LLC increased its position in Wayfair by 7,322.2% during the 4th quarter. Brandywine Global Investment Management LLC now owns 1,336 shares of the company’s stock valued at $121,000 after purchasing an additional 1,318 shares during the period. Enlightenment Research LLC acquired a new stake in Wayfair during the 4th quarter valued at approximately $144,000. Finally, MERIAN GLOBAL INVESTORS UK Ltd acquired a new stake in Wayfair during the 4th quarter valued at approximately $144,000. Institutional investors and hedge funds own 74.10% of the company’s stock.

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About Wayfair

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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