Insider Selling: Wayfair Inc (NYSE:W) Insider Sells $42,420.00 in Stock

Wayfair Inc (NYSE:W) insider Edmond Macri sold 300 shares of Wayfair stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $141.40, for a total transaction of $42,420.00. Following the transaction, the insider now directly owns 950 shares of the company’s stock, valued at $134,330. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

  • On Tuesday, July 2nd, Edmond Macri sold 300 shares of Wayfair stock. The shares were sold at an average price of $144.25, for a total transaction of $43,275.00.
  • On Tuesday, June 25th, Edmond Macri sold 300 shares of Wayfair stock. The shares were sold at an average price of $152.13, for a total transaction of $45,639.00.
  • On Tuesday, June 18th, Edmond Macri sold 300 shares of Wayfair stock. The shares were sold at an average price of $161.66, for a total transaction of $48,498.00.
  • On Saturday, June 15th, Edmond Macri sold 5,012 shares of Wayfair stock. The shares were sold at an average price of $156.06, for a total transaction of $782,172.72.
  • On Tuesday, June 11th, Edmond Macri sold 300 shares of Wayfair stock. The shares were sold at an average price of $158.57, for a total transaction of $47,571.00.
  • On Tuesday, June 4th, Edmond Macri sold 300 shares of Wayfair stock. The shares were sold at an average price of $142.32, for a total transaction of $42,696.00.
  • On Tuesday, May 28th, Edmond Macri sold 300 shares of Wayfair stock. The shares were sold at an average price of $144.42, for a total transaction of $43,326.00.
  • On Tuesday, May 21st, Edmond Macri sold 500 shares of Wayfair stock. The shares were sold at an average price of $153.48, for a total transaction of $76,740.00.
  • On Tuesday, May 14th, Edmond Macri sold 500 shares of Wayfair stock. The shares were sold at an average price of $140.54, for a total transaction of $70,270.00.
  • On Tuesday, May 7th, Edmond Macri sold 500 shares of Wayfair stock. The shares were sold at an average price of $150.00, for a total transaction of $75,000.00.

Shares of Wayfair stock opened at $150.11 on Friday. The stock has a market capitalization of $13.76 billion, a PE ratio of -26.76 and a beta of 1.89. Wayfair Inc has a 52-week low of $76.60 and a 52-week high of $173.72. The business has a 50-day moving average price of $149.09.

Wayfair (NYSE:W) last issued its earnings results on Thursday, May 2nd. The company reported ($1.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($0.02). The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.92 billion. The business’s revenue was up 38.5% on a year-over-year basis. During the same period in the previous year, the business earned ($0.91) earnings per share. As a group, analysts predict that Wayfair Inc will post -8.34 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. increased its position in Wayfair by 27.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,735 shares of the company’s stock worth $336,000 after purchasing an additional 793 shares during the last quarter. Commonwealth Equity Services LLC increased its position in Wayfair by 23.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 6,960 shares of the company’s stock worth $626,000 after purchasing an additional 1,325 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Wayfair by 1.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 12,182 shares of the company’s stock worth $1,097,000 after purchasing an additional 135 shares during the last quarter. Standard Life Aberdeen plc acquired a new position in Wayfair in the 4th quarter worth about $275,000. Finally, Northern Trust Corp increased its position in Wayfair by 22.0% in the 4th quarter. Northern Trust Corp now owns 354,139 shares of the company’s stock worth $31,901,000 after purchasing an additional 63,796 shares during the last quarter. 80.19% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently issued reports on W. Evercore ISI began coverage on shares of Polarityte in a research report on Wednesday, March 20th. They set an “outperform” rating and a $26.00 price target for the company. Jefferies Financial Group began coverage on shares of Wayfair in a research report on Friday, May 17th. They set a “buy” rating and a $192.00 price target for the company. Needham & Company LLC reissued a “buy” rating and set a $40.00 price target on shares of ACADIA Pharmaceuticals in a research report on Monday, July 1st. Gordon Haskett raised shares of Darden Restaurants from an “underperform” rating to a “hold” rating in a research report on Thursday, March 21st. Finally, Zacks Investment Research cut shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Saturday, May 11th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirteen have given a buy rating to the company’s stock. Wayfair currently has an average rating of “Hold” and a consensus target price of $152.70.

About Wayfair

Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. It provides approximately 14 million products for the home sector under various brands. The company offers selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold.

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

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