Wayfair Inc. (NYSE:W) insider Edmond Macri sold 600 shares of Wayfair stock in a transaction dated Tuesday, September 20th. The stock was sold at an average price of $41.66, for a total value of $24,996.00. Following the transaction, the insider now directly owns 238,241 shares in the company, valued at $9,925,120.06. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

  • On Thursday, September 15th, Edmond Macri sold 3,905 shares of Wayfair stock. The shares were sold at an average price of $39.58, for a total value of $154,559.90.
  • On Tuesday, September 13th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $38.27, for a total value of $22,962.00.
  • On Tuesday, September 6th, Edmond Macri sold 835 shares of Wayfair stock. The shares were sold at an average price of $39.08, for a total value of $32,631.80.
  • On Tuesday, August 30th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $38.26, for a total value of $22,956.00.
  • On Tuesday, August 23rd, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $38.20, for a total value of $22,920.00.
  • On Tuesday, August 16th, Edmond Macri sold 1,533 shares of Wayfair stock. The shares were sold at an average price of $39.12, for a total value of $59,970.96.
  • On Tuesday, August 9th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $41.94, for a total value of $25,164.00.
  • On Tuesday, August 2nd, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $44.50, for a total value of $26,700.00.
  • On Tuesday, July 26th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $39.50, for a total value of $23,700.00.
  • On Tuesday, July 19th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $40.24, for a total value of $24,144.00.

Wayfair Inc. (NYSE:W) traded up 1.66% during trading on Wednesday, reaching $42.76. The company had a trading volume of 1,157,929 shares. Wayfair Inc. has a 12-month low of $28.85 and a 12-month high of $50.00. The firm’s market capitalization is $3.63 billion. The firm’s 50 day moving average price is $40.16 and its 200 day moving average price is $40.39.

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Wayfair (NYSE:W) last issued its quarterly earnings data on Tuesday, August 9th. The company reported ($0.43) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.41) by $0.02. Wayfair had a negative return on equity of 56.95% and a negative net margin of 4.20%. The company earned $755.70 million during the quarter, compared to analysts’ expectations of $782.43 million. During the same quarter last year, the business earned ($0.15) earnings per share. The business’s quarterly revenue was up 60.0% on a year-over-year basis. Equities research analysts forecast that Wayfair Inc. will post ($1.67) EPS for the current year.

A number of hedge funds have recently modified their holdings of W. Royal Bank of Canada raised its stake in shares of Wayfair by 142,724.0% in the second quarter. Royal Bank of Canada now owns 142,824 shares of the company’s stock valued at $5,570,000 after buying an additional 142,724 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Wayfair by 22.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 100,671 shares of the company’s stock valued at $3,927,000 after buying an additional 18,672 shares during the period. Legal & General Group Plc raised its stake in shares of Wayfair by 28.8% in the second quarter. Legal & General Group Plc now owns 3,810 shares of the company’s stock valued at $149,000 after buying an additional 853 shares during the period. Metropolitan Life Insurance Co. NY raised its stake in shares of Wayfair by 57.9% in the second quarter. Metropolitan Life Insurance Co. NY now owns 22,972 shares of the company’s stock valued at $896,000 after buying an additional 8,424 shares during the period. Finally, Whale Rock Capital Management LLC raised its stake in shares of Wayfair by 14.9% in the second quarter. Whale Rock Capital Management LLC now owns 405,727 shares of the company’s stock valued at $15,823,000 after buying an additional 52,571 shares during the period. Institutional investors and hedge funds own 71.84% of the company’s stock.

A number of research analysts have recently issued reports on the company. Zacks Investment Research raised Wayfair from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research note on Thursday, August 11th. Longbow Research began coverage on Wayfair in a research note on Thursday, June 16th. They set a “neutral” rating on the stock. Oppenheimer Holdings Inc. reaffirmed a “sector perform” rating on shares of Wayfair in a research note on Sunday, August 14th. Vetr downgraded Wayfair from a “strong-buy” rating to a “buy” rating and set a $46.67 price target on the stock. in a research note on Wednesday, June 22nd. Finally, Cowen and Company reaffirmed a “buy” rating and set a $61.00 price target on shares of Wayfair in a research note on Tuesday, June 21st. Fourteen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $51.49.

Wayfair Company Profile

Wayfair Inc (Wayfair) offers browsing, merchandising, product discovery and prices for a range of products from suppliers across various brands, including Wayfair.com, Joss & Main, AllModern, DwellStudio and Birch Lane. The Company offers a range of furniture, home furnishings, decor and goods. Wayfair produces editorial content both in-house and through third parties.

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