Insider Selling: Wayfair Inc (W) Insider Sells 1,000 Shares of Stock

Wayfair Inc (NYSE:W) insider Edmond Macri sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 9th. The shares were sold at an average price of $100.00, for a total value of $100,000.00. Following the transaction, the insider now directly owns 500 shares of the company’s stock, valued at approximately $50,000. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

  • On Tuesday, November 20th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $80.94, for a total value of $48,564.00.
  • On Tuesday, November 13th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $93.06, for a total value of $55,836.00.
  • On Tuesday, November 6th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $94.88, for a total value of $56,928.00.
  • On Tuesday, October 16th, Edmond Macri sold 1,988 shares of Wayfair stock. The shares were sold at an average price of $119.84, for a total value of $238,241.92.

Shares of Wayfair stock traded down $2.83 during midday trading on Friday, hitting $96.40. The company had a trading volume of 1,160,814 shares, compared to its average volume of 1,738,864. The company has a market capitalization of $8.88 billion, a P/E ratio of -34.43 and a beta of 1.84. Wayfair Inc has a 52-week low of $60.53 and a 52-week high of $151.20.



Wayfair (NYSE:W) last posted its quarterly earnings results on Thursday, November 1st. The company reported ($1.28) earnings per share for the quarter, missing the consensus estimate of ($1.09) by ($0.19). The company had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.67 billion. The firm’s revenue was up 42.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.65) EPS. Research analysts predict that Wayfair Inc will post -5.72 earnings per share for the current fiscal year.

A number of research analysts have commented on W shares. Bank of America lowered Wayfair from a “buy” rating to a “neutral” rating and upped their price target for the company from $130.00 to $160.00 in a research report on Thursday, September 13th. MKM Partners increased their target price on Wayfair from $130.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, September 27th. Canaccord Genuity reissued a “buy” rating and issued a $165.00 target price (up previously from $140.00) on shares of Wayfair in a research report on Friday, September 28th. Zacks Investment Research lowered Wayfair from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. Finally, Loop Capital increased their target price on Wayfair to $160.00 and gave the stock a “buy” rating in a research report on Monday, October 8th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $121.84.

Several institutional investors have recently bought and sold shares of W. Scopia Capital Management LP purchased a new stake in shares of Wayfair in the 2nd quarter worth approximately $252,032,000. Vanguard Group Inc grew its stake in shares of Wayfair by 7.5% in the 3rd quarter. Vanguard Group Inc now owns 4,761,964 shares of the company’s stock worth $703,199,000 after buying an additional 332,832 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Wayfair by 7.5% in the 3rd quarter. Vanguard Group Inc. now owns 4,761,964 shares of the company’s stock worth $703,199,000 after buying an additional 332,832 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Wayfair by 26.4% in the 3rd quarter. Renaissance Technologies LLC now owns 1,536,137 shares of the company’s stock worth $226,841,000 after buying an additional 320,542 shares during the last quarter. Finally, FMR LLC grew its stake in shares of Wayfair by 2.0% in the 3rd quarter. FMR LLC now owns 8,949,120 shares of the company’s stock worth $1,321,516,000 after buying an additional 176,243 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

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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.

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