Wayfair Inc (NYSE:W) insider Edmond Macri sold 1,000 shares of the stock in a transaction that occurred on Wednesday, January 9th. The shares were sold at an average price of $100.00, for a total transaction of $100,000.00. Following the transaction, the insider now owns 500 shares in the company, valued at $50,000. The transaction 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, November 20th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $80.94, for a total transaction of $48,564.00.
  • On Tuesday, November 13th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $93.06, for a total transaction of $55,836.00.
  • On Tuesday, November 6th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $94.88, for a total transaction of $56,928.00.
  • On Tuesday, October 16th, Edmond Macri sold 1,988 shares of Wayfair stock. The shares were sold at an average price of $119.84, for a total transaction of $238,241.92.

Shares of NYSE:W traded down $2.83 on Friday, hitting $96.40. 1,160,814 shares of the company were exchanged, compared to its average volume of 1,738,864. Wayfair Inc has a 1-year low of $60.53 and a 1-year high of $151.20. The company has a market capitalization of $8.88 billion, a P/E ratio of -34.43 and a beta of 1.84.

Wayfair (NYSE:W) last posted its quarterly earnings data on Thursday, November 1st. The company reported ($1.28) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.09) by ($0.19). The firm had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period in the prior year, the firm earned ($0.65) EPS. The company’s revenue for the quarter was up 42.4% on a year-over-year basis. As a group, research analysts forecast that Wayfair Inc will post -5.72 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the company. JS Capital Management LLC purchased a new position in shares of Wayfair during the third quarter worth $103,000. Cornerstone Wealth Management LLC purchased a new position in shares of Wayfair during the third quarter worth $150,000. Wedbush Securities Inc. purchased a new position in shares of Wayfair during the third quarter worth $207,000. First Republic Investment Management Inc. purchased a new position in shares of Wayfair during the third quarter worth $215,000. Finally, XR Securities LLC purchased a new position in shares of Wayfair during the fourth quarter worth $229,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Several equities research analysts have weighed in on the stock. William Blair restated a “market perform” rating on shares of Wayfair in a research note on Monday, November 5th. Zacks Investment Research upgraded shares of Wayfair from a “sell” rating to a “buy” rating and set a $101.00 target price for the company in a research note on Monday, January 7th. Cowen raised their target price on shares of Wayfair from $120.00 to $130.00 and gave the company a “positive” rating in a research note on Friday, December 7th. Robert W. Baird lowered their target price on shares of Wayfair from $118.00 to $108.00 and set a “neutral” rating for the company in a research note on Friday, November 2nd. Finally, Canaccord Genuity lowered their target price on shares of Wayfair from $165.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, November 2nd. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Wayfair currently has a consensus rating of “Hold” and a consensus price target of $121.84.

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About Wayfair

Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. The company offers approximately 10 million products for the home sector under various brands. It offers a selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, such as Wayfair, Joss & Main, AllModern, DwellStudio, Perigold, and Birch Lane.

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

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