Wayfair Inc. (NYSE:W) insider Edmond Macri sold 844 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $69.61, for a total value of $58,750.84. Following the completion of the sale, the insider now directly owns 1,000 shares of the company’s stock, valued at approximately $69,610. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

  • 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 shares were 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 shares were 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.
  • On Tuesday, July 11th, Edmond Macri sold 600 shares of Wayfair stock. The stock was sold at an average price of $74.00, for a total transaction of $44,400.00.

Shares of Wayfair Inc. (W) traded up 6.34% during midday trading on Tuesday, hitting $72.80. 1,969,883 shares of the stock were exchanged. Wayfair Inc. has a one year low of $27.60 and a one year high of $84.19. The firm has a 50 day moving average of $72.87 and a 200-day moving average of $64.82. The company’s market cap is $6.35 billion.

Wayfair (NYSE:W) last issued its quarterly earnings results on Tuesday, August 8th. The company reported ($0.26) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.69) by $0.43. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Wayfair had a negative return on equity of 335.44% and a negative net margin of 5.10%. The firm’s revenue for the quarter was up 42.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.43) EPS. Equities analysts expect that Wayfair Inc. will post ($1.45) EPS for the current year.

TRADEMARK VIOLATION NOTICE: This article was originally published by American Banking News and is owned by of American Banking News. If you are viewing this article on another domain, it was copied illegally and republished in violation of international trademark & copyright legislation. The original version of this article can be accessed at https://www.americanbankingnews.com/2017/10/03/wayfair-inc-w-insider-edmond-macri-sells-844-shares.html.

Several hedge funds have recently made changes to their positions in W. BNP Paribas Arbitrage SA increased its holdings in shares of Wayfair by 96.2% in the second 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 raised its stake in shares of Wayfair by 55.5% during the first quarter. UBS Group AG now owns 2,690 shares of the company’s stock worth $109,000 after purchasing an additional 960 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of Wayfair during the first quarter worth approximately $110,000. FNY Partners Fund LP raised its stake in shares of Wayfair by 2,900.0% during the first quarter. FNY Partners Fund LP now owns 3,000 shares of the company’s stock worth $121,000 after purchasing an additional 2,900 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of Wayfair during the first quarter worth approximately $137,000. Institutional investors own 66.15% of the company’s stock.

A number of equities research analysts have recently weighed in on the stock. Piper Jaffray Companies reissued an “overweight” rating and set a $87.00 price objective (up from $70.00) on shares of Wayfair in a report on Wednesday, June 14th. Maxim Group downgraded Wayfair from a “buy” rating to a “hold” rating and upped their target price for the company from $27.60 to $76.17 in a research report on Monday, June 19th. They noted that the move was a valuation call. Gordon Haskett lowered Wayfair from a “buy” rating to an “accumulate” rating and raised their target price for the stock from $70.00 to $85.00 in a research note on Tuesday, June 27th. Robert W. Baird restated a “neutral” rating on shares of Wayfair in a research note on Monday, July 3rd. Finally, Buckingham Research reaffirmed a “buy” rating and set a $95.00 price target (up previously from $72.00) on shares of Wayfair in a research report on Thursday, July 13th. They noted that the move was a valuation call. Ten research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Wayfair currently has an average rating of “Buy” and an average price target of $74.07.

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)

Receive News & Ratings for Wayfair Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wayfair Inc. and related companies with MarketBeat.com's FREE daily email newsletter.