Edmond Macri Sells 500 Shares of Wayfair Inc (W) Stock

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Wayfair Inc (NYSE:W) insider Edmond Macri sold 500 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $169.79, for a total value of $84,895.00. Following the transaction, the insider now owns 950 shares in the company, valued at $161,300.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

  • On Tuesday, March 12th, Edmond Macri sold 500 shares of Wayfair stock. The shares were sold at an average price of $170.67, for a total value of $85,335.00.
  • On Tuesday, February 26th, Edmond Macri sold 500 shares of Wayfair stock. The shares were sold at an average price of $159.02, for a total value of $79,510.00.
  • On Tuesday, February 19th, Edmond Macri sold 500 shares of Wayfair stock. The shares were sold at an average price of $122.43, for a total value of $61,215.00.
  • On Tuesday, February 12th, Edmond Macri sold 500 shares of Wayfair stock. The shares were sold at an average price of $120.91, for a total value of $60,455.00.
  • On Tuesday, January 29th, Edmond Macri sold 500 shares of Wayfair stock. The shares were sold at an average price of $105.22, for a total value of $52,610.00.
  • On Friday, January 25th, Edmond Macri sold 500 shares of Wayfair stock. The shares were sold at an average price of $101.94, for a total value of $50,970.00.
  • On Friday, January 18th, Edmond Macri sold 1,000 shares of Wayfair stock. The shares were sold at an average price of $100.05, for a total value of $100,050.00.
  • On Wednesday, January 9th, Edmond Macri sold 1,000 shares of Wayfair stock. The shares were sold at an average price of $100.00, for a total value of $100,000.00.

W stock opened at $158.50 on Friday. Wayfair Inc has a twelve month low of $60.53 and a twelve month high of $173.72. The stock has a market cap of $14.32 billion, a P/E ratio of -28.25 and a beta of 2.06.

Wayfair (NYSE:W) last released its quarterly earnings data on Friday, February 22nd. The company reported ($1.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.80) by $0.68. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.97 billion. The firm’s revenue for the quarter was up 40.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.58) earnings per share. Analysts anticipate that Wayfair Inc will post -7.82 EPS for the current year.

Several brokerages have recently issued reports on W. Deutsche Bank began coverage on Wayfair in a research report on Tuesday, January 29th. They issued a “buy” rating and a $124.00 price target on the stock. Gordon Haskett raised Wayfair from a “hold” rating to an “accumulate” rating in a research report on Thursday. Zacks Investment Research downgraded Wayfair from a “buy” rating to a “hold” rating in a research report on Monday, February 11th. Loop Capital raised their price target on Wayfair from $145.00 to $155.00 and gave the company a “positive” rating in a research report on Friday, February 22nd. Finally, Credit Suisse Group raised Wayfair from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $117.00 to $130.00 in a research report on Monday, January 28th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Wayfair presently has an average rating of “Hold” and an average price target of $144.63.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. boosted its holdings in Wayfair by 1.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 12,182 shares of the company’s stock valued at $1,097,000 after purchasing an additional 135 shares in the last quarter. Adalta Capital Management LLC boosted its holdings in Wayfair by 0.7% during the fourth quarter. Adalta Capital Management LLC now owns 23,305 shares of the company’s stock valued at $2,100,000 after purchasing an additional 155 shares in the last quarter. Empowered Funds LLC boosted its holdings in Wayfair by 4.9% during the fourth quarter. Empowered Funds LLC now owns 13,465 shares of the company’s stock valued at $1,213,000 after purchasing an additional 628 shares in the last quarter. LS Investment Advisors LLC acquired a new stake in Wayfair during the fourth quarter valued at approximately $60,000. Finally, Teachers Advisors LLC boosted its holdings in Wayfair by 0.4% during the third quarter. Teachers Advisors LLC now owns 158,455 shares of the company’s stock valued at $23,399,000 after purchasing an additional 691 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors.

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Wayfair Company Profile

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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