Wayfair Inc (NYSE:W) Insider Sells $297,315.00 in Stock

Wayfair Inc (NYSE:W) insider Edmond Macri sold 1,500 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $198.21, for a total value of $297,315.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Monday, June 1st, Edmond Macri sold 1,000 shares of Wayfair stock. The stock was sold at an average price of $172.68, for a total value of $172,680.00.
  • On Tuesday, May 19th, Edmond Macri sold 300 shares of Wayfair stock. The stock was sold at an average price of $156.20, for a total transaction of $46,860.00.
  • On Tuesday, May 12th, Edmond Macri sold 300 shares of Wayfair stock. The shares were sold at an average price of $192.24, for a total transaction of $57,672.00.
  • On Tuesday, April 28th, Edmond Macri sold 300 shares of Wayfair stock. The stock was sold at an average price of $130.00, for a total transaction of $39,000.00.
  • On Friday, April 24th, Edmond Macri sold 3,600 shares of Wayfair stock. The shares were sold at an average price of $120.00, for a total value of $432,000.00.

Wayfair stock opened at $214.10 on Monday. The business’s 50-day simple moving average is $183.05 and its 200-day simple moving average is $111.71. The firm has a market capitalization of $20.26 billion, a PE ratio of -18.62 and a beta of 3.37. Wayfair Inc has a 52 week low of $21.70 and a 52 week high of $222.29.

Wayfair (NYSE:W) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($2.30) EPS for the quarter, topping analysts’ consensus estimates of ($2.60) by $0.30. The business had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.31 billion. The company’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.62) earnings per share. On average, analysts predict that Wayfair Inc will post -6.22 earnings per share for the current year.

Several research firms have weighed in on W. Credit Suisse Group boosted their target price on shares of Wayfair from $110.00 to $135.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Robert W. Baird boosted their price objective on Wayfair from $162.00 to $190.00 and gave the company a “neutral” rating in a research report on Monday, June 8th. Cowen raised their target price on Wayfair from $100.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Wells Fargo & Co upped their price target on shares of Wayfair from $170.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Friday, June 26th. Finally, UBS Group lifted their price objective on shares of Wayfair from $65.00 to $170.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Eight analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $140.70.

A number of hedge funds have recently added to or reduced their stakes in the stock. Spruce House Investment Management LLC grew its position in Wayfair by 3.6% during the first quarter. Spruce House Investment Management LLC now owns 7,250,000 shares of the company’s stock worth $387,440,000 after buying an additional 250,000 shares in the last quarter. Prescott General Partners LLC grew its position in Wayfair by 31.9% during the first quarter. Prescott General Partners LLC now owns 4,639,102 shares of the company’s stock worth $247,914,000 after buying an additional 1,122,496 shares in the last quarter. Bares Capital Management Inc. boosted its holdings in Wayfair by 83.8% during the fourth quarter. Bares Capital Management Inc. now owns 4,413,102 shares of the company’s stock valued at $398,812,000 after purchasing an additional 2,011,660 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Wayfair by 42.4% during the first quarter. Janus Henderson Group PLC now owns 3,255,023 shares of the company’s stock valued at $173,948,000 after purchasing an additional 969,834 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in Wayfair by 92.7% during the first quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,295,598 shares of the company’s stock valued at $69,237,000 after purchasing an additional 623,098 shares in the last quarter. 88.27% of the stock is currently owned by institutional investors and hedge funds.

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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