Wayfair Inc (NYSE:W) insider Edmond Macri sold 600 shares of the business’s stock in a transaction on Tuesday, June 12th. The shares were sold at an average price of $105.45, for a total transaction of $63,270.00. Following the transaction, the insider now directly owns 47,361 shares of the company’s stock, valued at approximately $4,994,217.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 shares were sold at an average price of $91.42, for a total transaction of $54,852.00.
  • On Tuesday, May 22nd, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $84.67, for a total transaction of $50,802.00.
  • On Tuesday, May 15th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $84.73, for a total transaction of $50,838.00.
  • On Tuesday, May 8th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $82.10, for a total transaction of $49,260.00.
  • On Tuesday, April 24th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $69.27, for a total transaction of $41,562.00.
  • On Tuesday, April 17th, Edmond Macri sold 1,965 shares of Wayfair stock. The shares were sold at an average price of $67.10, for a total transaction of $131,851.50.
  • On Tuesday, April 10th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $68.21, for a total transaction of $40,926.00.
  • On Tuesday, April 3rd, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $63.50, for a total transaction of $38,100.00.
  • On Tuesday, March 27th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $66.86, for a total transaction of $40,116.00.
  • On Tuesday, March 20th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $76.02, for a total transaction of $45,612.00.

Wayfair traded up $2.07, reaching $109.50, on Thursday, according to MarketBeat. The company’s stock had a trading volume of 1,667,808 shares, compared to its average volume of 1,863,727. Wayfair Inc has a twelve month low of $55.33 and a twelve month high of $110.18. The company has a current ratio of 1.00, a quick ratio of 0.95 and a debt-to-equity ratio of -3.30. The company has a market capitalization of $9.26 billion, a price-to-earnings ratio of -38.99 and a beta of 1.57.

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

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

Hedge funds and other institutional investors have recently modified their holdings of the business. WINTON GROUP Ltd acquired a new stake in Wayfair during the 1st quarter worth about $518,000. Xact Kapitalforvaltning AB raised its holdings in Wayfair by 41.2% during the 1st quarter. Xact Kapitalforvaltning AB now owns 5,144 shares of the company’s stock worth $347,000 after buying an additional 1,500 shares during the period. Royal Bank of Canada raised its holdings in Wayfair by 10.6% during the 1st quarter. Royal Bank of Canada now owns 41,651 shares of the company’s stock worth $2,813,000 after buying an additional 4,008 shares during the period. Millennium Management LLC acquired a new stake in Wayfair during the 1st quarter worth about $1,058,000. Finally, Amundi Pioneer Asset Management Inc. raised its holdings in Wayfair by 31.6% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 117,100 shares of the company’s stock worth $7,908,000 after buying an additional 28,100 shares during the period. 74.95% of the stock is owned by institutional investors.

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)

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