Wayfair Inc. (NYSE:W) insider Edmond Macri sold 600 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $68.80, for a total value of $41,280.00. Following the transaction, the insider now directly owns 500 shares in the company, valued at approximately $34,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Tuesday, November 7th, Edmond Macri sold 600 shares of Wayfair stock. The stock was sold at an average price of $64.17, for a total transaction of $38,502.00.
  • On Tuesday, October 31st, Edmond Macri sold 600 shares of Wayfair stock. The stock was sold at an average price of $69.49, for a total transaction of $41,694.00.
  • 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 transaction 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 transaction of $110,017.13.
  • On Tuesday, October 10th, Edmond Macri sold 600 shares of Wayfair stock. The stock was sold at an average price of $65.76, for a total transaction of $39,456.00.
  • 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 shares were sold at an average price of $72.17, for a total transaction of $60,767.14.

Wayfair Inc. (W) traded up $0.24 during mid-day trading on Friday, reaching $70.23. 1,295,477 shares of the company’s stock traded hands, compared to its average volume of 1,785,388. The company has a debt-to-equity ratio of 135.98, a current ratio of 1.19 and a quick ratio of 1.17. Wayfair Inc. has a 12-month low of $34.30 and a 12-month high of $84.19.

Wayfair (NYSE:W) last released its earnings results on Thursday, November 2nd. The company reported ($0.65) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.68) by $0.03. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Wayfair had a negative net margin of 5.06% and a negative return on equity of 658.45%. Wayfair’s revenue for the quarter was up 39.1% on a year-over-year basis. During the same period in the previous year, the company earned ($0.54) EPS. sell-side analysts expect that Wayfair Inc. will post -2.63 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA grew its stake in Wayfair by 96.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock worth $105,000 after acquiring an additional 667 shares during the period. First Mercantile Trust Co. purchased a new stake in shares of Wayfair during the 2nd quarter valued at $138,000. Delta Asset Management LLC TN grew its stake in shares of Wayfair by 375.0% during the 3rd quarter. Delta Asset Management LLC TN now owns 1,900 shares of the company’s stock valued at $128,000 after buying an additional 1,500 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Wayfair by 1,512.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,322 shares of the company’s stock valued at $157,000 after buying an additional 2,178 shares during the period. Finally, UBS Group AG grew its stake in shares of 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 buying an additional 960 shares during the period. 66.95% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently commented on W shares. Wolfe Research restated an “outperform” rating on shares of Wayfair in a research report on Wednesday, August 9th. KeyCorp restated a “hold” rating on shares of Wayfair in a research report on Friday, September 29th. Piper Jaffray Companies restated a “buy” rating and issued a $89.00 price objective on shares of Wayfair in a research report on Friday, September 8th. Ifs Securities started coverage on shares of Wayfair in a research report on Friday, September 1st. They issued an “outperform” rating and a $85.00 price objective for the company. Finally, Credit Suisse Group raised their price objective on shares of Wayfair from $75.00 to $78.00 and gave the company a “neutral” rating in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $76.01.

COPYRIGHT VIOLATION NOTICE: “Edmond Macri Sells 600 Shares of Wayfair Inc. (W) Stock” was originally published by Watch List News and is the sole property of of Watch List News. If you are viewing this story on another publication, it was illegally copied and republished in violation of US & international trademark & copyright law. The original version of this story can be read at https://www.watchlistnews.com/edmond-macri-sells-600-shares-of-wayfair-inc-w-stock-2/1741640.html.

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)

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 Analyst Ratings Network's FREE daily email newsletter.