Edmond Macri Sells 600 Shares of Wayfair Inc. (W) Stock

Wayfair Inc. (NYSE:W) insider Edmond Macri sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $65.76, for a total transaction of $39,456.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

  • 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $45,966.00.
  • On Tuesday, July 18th, Edmond Macri sold 1,570 shares of Wayfair stock. The stock was sold at an average price of $76.07, for a total transaction of $119,429.90.

Wayfair (NYSE:W) last issued its earnings results on Tuesday, August 8th. The company reported ($0.26) EPS for the quarter, topping the consensus estimate of ($0.69) by $0.43. Wayfair had a negative net margin of 5.10% and a negative return on equity of 335.44%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the firm earned ($0.43) earnings per share. The firm’s revenue for the quarter was up 42.7% on a year-over-year basis.

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A number of equities analysts recently issued reports on W shares. Gordon Haskett cut shares of Wayfair from a “buy” rating to an “accumulate” rating and upped their price objective for the stock from $70.00 to $85.00 in a research report on Tuesday, June 27th. Stifel Nicolaus upgraded shares of Wayfair from a “hold” rating to a “buy” rating and upped their price objective for the stock from $75.00 to $78.00 in a research report on Friday, August 25th. Ifs Securities started coverage on shares of Wayfair in a research report on Friday, September 1st. They set an “outperform” rating and a $85.00 price objective for the company. Robert W. Baird reiterated a “hold” rating and set a $73.00 price objective on shares of Wayfair in a research report on Thursday, September 28th. Finally, Wedbush reiterated an “outperform” rating and set a $82.00 price objective on shares of Wayfair in a research report on Wednesday, October 4th. Nine analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Wayfair presently has a consensus rating of “Buy” and an average target price of $77.07.

Hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA increased its position in Wayfair by 96.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock valued at $105,000 after purchasing an additional 667 shares during the period. UBS Group AG increased its position in Wayfair by 55.5% during the 1st quarter. UBS Group AG now owns 2,690 shares of the company’s stock valued at $109,000 after purchasing an additional 960 shares during the period. Ameritas Investment Partners Inc. purchased a new position in Wayfair during the 1st quarter valued at $110,000. FNY Partners Fund LP increased its position in Wayfair by 2,900.0% during the 1st quarter. FNY Partners Fund LP now owns 3,000 shares of the company’s stock valued at $121,000 after purchasing an additional 2,900 shares during the period. Finally, Oppenheimer Asset Management Inc. purchased a new position in Wayfair during the 1st quarter valued at $137,000. 66.15% of the stock is currently owned by institutional investors.

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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