Wayfair Inc. (NYSE:W) insider Edmond Macri sold 1,571 shares of the firm’s stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $70.03, for a total value of $110,017.13. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

  • On Tuesday, October 10th, Edmond Macri sold 600 shares of Wayfair stock. The stock was sold at an average price of $65.76, for a total value of $39,456.00.
  • On Tuesday, October 3rd, Edmond Macri sold 844 shares of Wayfair stock. The stock was sold at an average price of $69.61, for a total value of $58,750.84.
  • On Tuesday, September 26th, Edmond Macri sold 600 shares of Wayfair stock. The stock was sold at an average price of $71.51, for a total value of $42,906.00.
  • On Tuesday, September 19th, Edmond Macri sold 600 shares of Wayfair stock. The stock was sold at an average price of $79.89, for a total value of $47,934.00.
  • On Tuesday, September 12th, Edmond Macri sold 600 shares of Wayfair stock. The stock was sold at an average price of $78.26, for a total value of $46,956.00.
  • On Tuesday, September 5th, Edmond Macri sold 842 shares of Wayfair stock. The stock was sold at an average price of $72.17, for a total value of $60,767.14.
  • On Tuesday, August 22nd, Edmond Macri sold 600 shares of Wayfair stock. The stock was sold at an average price of $66.36, for a total value of $39,816.00.
  • On Tuesday, August 15th, Edmond Macri sold 1,570 shares of Wayfair stock. The stock was sold at an average price of $70.70, for a total value of $110,999.00.
  • On Wednesday, August 9th, Edmond Macri sold 600 shares of Wayfair stock. The stock was sold at an average price of $72.77, for a total value of $43,662.00.
  • On Tuesday, July 25th, Edmond Macri sold 600 shares of Wayfair stock. The stock was sold at an average price of $76.61, for a total value of $45,966.00.

Shares of Wayfair Inc. (NYSE W) traded down 2.83% during mid-day trading on Tuesday, hitting $67.76. The stock had a trading volume of 1,736,125 shares. The company’s market cap is $5.91 billion. The stock’s 50-day moving average is $73.29 and its 200 day moving average is $66.57. Wayfair Inc. has a 12 month low of $27.60 and a 12 month high of $84.19.

Wayfair (NYSE:W) last released its earnings results on Tuesday, August 8th. The company reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.69) by $0.43. Wayfair had a negative return on equity of 335.44% and a negative net margin of 5.10%. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter last year, the business posted ($0.43) earnings per share. The firm’s revenue was up 42.7% on a year-over-year basis. On average, equities research analysts forecast that Wayfair Inc. will post ($1.45) earnings per share for the current fiscal year.

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Large investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its stake in Wayfair by 2.7% during the second quarter. FMR LLC now owns 7,757,688 shares of the company’s stock valued at $596,411,000 after buying an additional 207,443 shares during the last quarter. Vanguard Group Inc. boosted its stake in Wayfair by 16.3% during the second quarter. Vanguard Group Inc. now owns 3,028,832 shares of the company’s stock valued at $232,857,000 after buying an additional 423,631 shares during the last quarter. Baillie Gifford & Co. boosted its stake in Wayfair by 5.7% during the second quarter. Baillie Gifford & Co. now owns 1,914,674 shares of the company’s stock valued at $147,200,000 after buying an additional 102,460 shares during the last quarter. Allen Investment Management LLC boosted its stake in Wayfair by 25.7% during the second quarter. Allen Investment Management LLC now owns 880,000 shares of the company’s stock valued at $67,654,000 after buying an additional 180,000 shares during the last quarter. Finally, State Street Corp boosted its stake in Wayfair by 1.8% during the first quarter. State Street Corp now owns 695,502 shares of the company’s stock valued at $28,158,000 after buying an additional 12,398 shares during the last quarter. Hedge funds and other institutional investors own 65.93% of the company’s stock.

Several equities research analysts recently weighed in on W shares. Maxim Group lowered Wayfair from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $27.60 to $76.17 in a report on Monday, June 19th. They noted that the move was a valuation call. Gordon Haskett downgraded Wayfair from a “buy” rating to an “accumulate” rating and raised their target price for the stock from $70.00 to $85.00 in a research note on Tuesday, June 27th. Piper Jaffray Companies set a $87.00 target price on Wayfair and gave the stock a “buy” rating in a research note on Saturday, July 1st. Robert W. Baird restated a “neutral” rating on shares of Wayfair in a research note on Monday, July 3rd. Finally, Buckingham Research restated a “buy” rating and issued a $95.00 target price (up previously from $72.00) on shares of Wayfair in a research note on Thursday, July 13th. They noted that the move was a valuation call. Nine investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Wayfair currently has a consensus rating of “Buy” and an average price target of $77.07.

Wayfair Company Profile

Wayfair Inc (Wayfair) offers browsing, merchandising and product discovery for a range of products from various suppliers. The Company operates through two segments: U.S. and International. The U.S. segment consists of amounts earned through product sales through the Company’s five sites in the United States and through sites operated by third parties in the United States.

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

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