Wayfair Inc (NYSE:W) insider Edmond Macri sold 1,500 shares of Wayfair stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $273.17, for a total value of $409,755.00. Following the completion of the sale, the insider now owns 1,651 shares in the company, valued at approximately $451,003.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Wednesday, July 1st, Edmond Macri sold 1,500 shares of Wayfair stock. The shares were sold at an average price of $198.21, for a total value of $297,315.00.
  • On Monday, June 1st, Edmond Macri sold 1,000 shares of Wayfair stock. The shares were sold at an average price of $172.68, for a total value of $172,680.00.
  • On Tuesday, May 19th, Edmond Macri sold 300 shares of Wayfair stock. The stock was sold at an average price of $156.20, for a total value of $46,860.00.
  • On Tuesday, May 12th, Edmond Macri sold 300 shares of Wayfair stock. The stock was sold at an average price of $192.24, for a total value of $57,672.00.

Shares of NYSE:W opened at $301.40 on Thursday. The company’s fifty day moving average is $222.25 and its two-hundred day moving average is $134.66. Wayfair Inc has a 12-month low of $21.70 and a 12-month high of $304.41.

Wayfair (NYSE:W) last announced its earnings results on Wednesday, August 5th. The company reported $3.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $2.54. The firm had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same period last year, the firm earned ($1.35) earnings per share. Wayfair’s revenue for the quarter was up 83.7% compared to the same quarter last year. On average, sell-side analysts forecast that Wayfair Inc will post -6.25 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on W shares. Cfra raised Wayfair to a “buy” rating in a research report on Wednesday. Wells Fargo & Co increased their target price on Wayfair from $215.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Monday, July 27th. Goldman Sachs Group raised their price objective on Wayfair from $220.00 to $260.00 and gave the company a “buy” rating in a research note on Monday, July 20th. They noted that the move was a valuation call. ValuEngine raised Wayfair from a “hold” rating to a “buy” rating in a research note on Monday. Finally, JPMorgan Chase & Co. increased their target price on Wayfair from $63.00 to $135.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seventeen have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $173.10.

Several institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. bought a new stake in Wayfair in the second quarter worth $2,062,000. Swiss National Bank boosted its holdings in Wayfair by 4.1% in the second quarter. Swiss National Bank now owns 252,437 shares of the company’s stock worth $49,884,000 after purchasing an additional 10,000 shares in the last quarter. AE Wealth Management LLC bought a new stake in Wayfair in the second quarter worth $1,033,000. Asahi Life Asset Management CO. LTD. bought a new stake in Wayfair in the second quarter worth $298,000. Finally, DekaBank Deutsche Girozentrale boosted its holdings in Wayfair by 111.2% in the second quarter. DekaBank Deutsche Girozentrale now owns 7,845 shares of the company’s stock worth $1,568,000 after purchasing an additional 4,130 shares in the last quarter. Institutional investors and hedge funds own 88.20% of the company’s stock.

Wayfair Company Profile

Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. It provides approximately 14 million products for the home sector under various brands. The company offers selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold.

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Insider Buying and Selling by Quarter for Wayfair (NYSE:W)

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