Insider Selling: Wayfair Inc (W) Insider Sells 600 Shares of Stock

Wayfair Inc (NYSE:W) insider Edmond Macri sold 600 shares of the business’s stock in a transaction dated Tuesday, June 12th. The stock was sold at an average price of $105.45, for a total value of $63,270.00. Following the sale, the insider now owns 47,361 shares in the company, valued at approximately $4,994,217.45. 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):

  • On Tuesday, May 29th, Edmond Macri sold 600 shares of Wayfair stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 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.

Shares of Wayfair traded up $2.07, hitting $109.50, during trading hours on Thursday, according to MarketBeat.com. The stock had a trading volume of 1,667,808 shares, compared to its average volume of 1,863,727. The stock has a market cap of $9.26 billion, a price-to-earnings ratio of -38.99 and a beta of 1.57. Wayfair Inc has a 52 week low of $55.33 and a 52 week high of $110.18. The company has a debt-to-equity ratio of -3.30, a quick ratio of 0.95 and a current ratio of 1.00.

Wayfair (NYSE:W) last announced its quarterly earnings results on Wednesday, May 2nd. The company reported ($0.91) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.90) by ($0.01). The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.36 billion. Wayfair had a negative net margin of 5.73% and a negative return on equity of 31,507.11%. The company’s quarterly revenue was up 46.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.48) EPS. analysts predict that Wayfair Inc will post -4.58 EPS for the current year.

A number of equities analysts have recently weighed in on the company. Oppenheimer upped their target price on Wayfair to $120.00 and gave the company an “outperform” rating in a report on Friday, June 8th. Zacks Investment Research upgraded Wayfair from a “sell” rating to a “hold” rating in a report on Thursday, June 7th. Credit Suisse Group upped their target price on Wayfair from $76.00 to $82.00 and gave the company a “hold” rating in a report on Thursday, May 3rd. Canaccord Genuity upped their target price on Wayfair from $90.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, May 3rd. Finally, Loop Capital set a $87.00 target price on Wayfair and gave the company a “buy” rating in a report on Wednesday, May 2nd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $85.11.

Several hedge funds and other institutional investors have recently made changes to their positions in W. Schwab Charles Investment Management Inc. boosted its position in Wayfair by 8.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 128,719 shares of the company’s stock worth $10,333,000 after purchasing an additional 9,919 shares during the period. SG Americas Securities LLC bought a new stake in Wayfair during the fourth quarter worth approximately $430,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in 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 purchasing an additional 624 shares during the period. CIBC Asset Management Inc bought a new stake in Wayfair during the fourth quarter worth approximately $236,000. Finally, American Century Companies Inc. bought a new stake in Wayfair during the fourth quarter worth approximately $37,836,000. 74.95% of the stock is owned by institutional investors and hedge funds.

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.

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

Receive News & Ratings for Wayfair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wayfair and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply