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

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 value 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 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 shares were sold at an average price of $70.70, for a total value of $110,999.00.
  • On Wednesday, August 9th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $72.77, for a total value of $43,662.00.
  • On Tuesday, July 25th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $76.61, for a total value 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 value 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 value of $44,400.00.

Shares of Wayfair Inc. (NYSE:W) opened at 72.80 on Wednesday. Wayfair Inc. has a 52-week low of $27.60 and a 52-week high of $84.19. The stock’s 50 day moving average is $72.87 and its 200-day moving average is $64.82. The firm’s market capitalization is $6.35 billion.

Wayfair (NYSE:W) last released its quarterly earnings results on Tuesday, August 8th. The company reported ($0.26) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.69) by $0.43. Wayfair had a negative return on equity of 335.44% and a negative net margin of 5.10%. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the prior year, the business posted ($0.43) earnings per share. The company’s revenue for the quarter was up 42.7% compared to the same quarter last year. On average, equities analysts forecast that Wayfair Inc. will post ($1.45) earnings per share for the current fiscal year.

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Several equities research analysts recently weighed in on the company. Canaccord Genuity reaffirmed a “buy” rating and set a $90.00 price target on shares of Wayfair in a report on Sunday. Piper Jaffray Companies set a $89.00 price objective on shares of Wayfair and gave the company a “buy” rating in a research note on Sunday. KeyCorp reissued a “hold” rating on shares of Wayfair in a research note on Friday, September 29th. Robert W. Baird reissued a “hold” rating and issued a $73.00 price objective on shares of Wayfair in a research note on Thursday, September 28th. Finally, DA Davidson started coverage on shares of Wayfair in a research report on Wednesday, September 13th. They set a “neutral” rating and a $78.00 price objective for the company. Ten equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Wayfair currently has a consensus rating of “Buy” and an average target price of $74.07.

Several hedge funds and other institutional investors have recently modified their holdings of W. FMR LLC lifted its holdings in Wayfair by 2.7% in the second quarter. FMR LLC now owns 7,757,688 shares of the company’s stock worth $596,411,000 after purchasing an additional 207,443 shares during the period. Vanguard Group Inc. grew its position in Wayfair by 16.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,028,832 shares of the company’s stock valued at $232,857,000 after buying an additional 423,631 shares in the last quarter. Baillie Gifford & Co. grew its position in Wayfair by 5.7% in the 2nd quarter. Baillie Gifford & Co. now owns 1,914,674 shares of the company’s stock valued at $147,200,000 after buying an additional 102,460 shares in the last quarter. Columbia Wanger Asset Management LLC bought a new position in Wayfair in the 1st quarter valued at about $42,729,000. Finally, Allen Investment Management LLC grew its position in Wayfair by 25.7% in the 2nd quarter. Allen Investment Management LLC now owns 880,000 shares of the company’s stock valued at $67,654,000 after buying an additional 180,000 shares in the last quarter. Institutional investors and hedge funds own 66.15% of the company’s stock.

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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