Wayfair Inc. (NYSE:W) insider Edmond Macri sold 600 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $69.49, for a total value of $41,694.00. Following the completion of the transaction, the insider now directly owns 1,000 shares in the company, valued at $69,490. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

  • On Tuesday, October 24th, Edmond Macri sold 600 shares of Wayfair stock. The stock was sold at an average price of $66.69, for a total value of $40,014.00.
  • On Tuesday, October 17th, Edmond Macri sold 1,571 shares of Wayfair stock. The stock was sold at an average price of $70.03, for a total value of $110,017.13.
  • On Tuesday, October 10th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $65.76, for a total value of $39,456.00.
  • On Tuesday, October 3rd, Edmond Macri sold 844 shares of Wayfair stock. The shares were sold at an average price of $69.61, for a total value of $58,750.84.
  • On Tuesday, September 26th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $71.51, for a total value of $42,906.00.
  • On Tuesday, September 19th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $79.89, for a total value of $47,934.00.
  • On Tuesday, September 12th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $78.26, for a total value of $46,956.00.
  • On Tuesday, September 5th, Edmond Macri sold 842 shares of Wayfair stock. The shares were sold at an average price of $72.17, for a total value 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 value 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 value of $110,999.00.

Wayfair (NYSE:W) last posted its quarterly earnings data on Thursday, November 2nd. The company reported ($0.65) EPS for the quarter, missing analysts’ consensus estimates of ($0.47) by ($0.18). Wayfair had a negative return on equity of 335.44% and a negative net margin of 5.10%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period in the prior year, the business posted ($0.54) EPS. The company’s revenue for the quarter was up 39.1% on a year-over-year basis.

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A number of equities research analysts recently weighed in on the company. Canaccord Genuity restated a “buy” rating and set a $90.00 price objective on shares of Wayfair in a research note on Thursday. Cowen and Company reissued a “buy” rating on shares of Wayfair in a report on Wednesday. MKM Partners initiated coverage on Wayfair in a report on Wednesday, October 18th. They issued a “buy” rating and a $85.00 price objective on the stock. Oppenheimer Holdings, Inc. set a $88.00 price objective on Wayfair and gave the company a “buy” rating in a report on Wednesday, October 18th. Finally, Piper Jaffray Companies set a $89.00 target price on Wayfair and gave the stock a “buy” rating in a report on Monday, October 16th. Nine investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $77.51.

Hedge funds have recently added to or reduced their stakes in the stock. Utah Retirement Systems acquired a new stake in shares of Wayfair in the 2nd quarter valued at $539,000. Ameriprise Financial Inc. bought a new position in Wayfair in the 1st quarter worth $1,650,000. Old Mutual Global Investors UK Ltd. bought a new position in Wayfair in the 2nd quarter worth $738,000. Baillie Gifford & Co. raised its holdings in Wayfair by 5.7% in the 2nd quarter. Baillie Gifford & Co. now owns 1,914,674 shares of the company’s stock worth $147,200,000 after acquiring an additional 102,460 shares during the period. Finally, State of Wisconsin Investment Board bought a new position in Wayfair in the 2nd quarter worth $588,000. 66.24% of the stock is owned by institutional investors and hedge funds.

About Wayfair

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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