Todays Report: Today, 600 Shares of Wayfair Inc. (W) Stock are sold by Edmond Macri

Today, 600 Shares of Wayfair Inc. (W) Stock are sold by Edmond Macri

Wayfair Inc. (NYSE:W) insider Edmond Macri sold 600 shares of the company’s stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $38.80, for a total transaction of $23,280.00. Following the transaction, the insider now owns 6,488 shares in the company, valued at approximately $251,734.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Edmond Macri also recently made the following trade(s): On Tuesday, September 27th, Edmond Macri sold 600 shares of Wayfair stock. The stock was sold at an average price of $41.40, for a total transaction of $24,840.00. On Tuesday, September 20th, Edmond Macri sold 600 shares of Wayfair stock. The stock was sold at an average price of $41.66, for a total transaction of $24,996.00. On Thursday, September 15th, Edmond Macri sold 3,905 shares of Wayfair stock. The shares were sold at an average price of $39.58, for a total transaction of $154,559.90. On Tuesday, September 13th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $38.27, for a total transaction of $22,962.00. On Tuesday, September 6th, Edmond Macri sold 835 shares of Wayfair stock. The shares were sold at an average price of $39.08, for a total transaction of $32,631.80. On Tuesday, August 30th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $38.26, for a total transaction of $22,956.00. On Tuesday, August 23rd, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $38.20, for a total transaction of $22,920.00. On Tuesday, August 16th, Edmond Macri sold 1,533 shares of Wayfair stock. The shares were sold at an average price of $39.12, for a total transaction of $59,970.96. On Tuesday, August 9th, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $41.94, for a total transaction of $25,164.00. On Tuesday, August 2nd, Edmond Macri sold 600 shares of Wayfair stock. The shares were sold at an average price of $44.50, for a total transaction of $26,700.00.

Wayfair Inc. (NYSE:W) opened at 39.09 on Friday. The stock has a 50 day moving average of $39.65 and a 200-day moving average of $40.14. Wayfair Inc. has a 52-week low of $28.85 and a 52-week high of $50.00. The company’s market capitalization is $3.32 billion.

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Wayfair (NYSE:W) last posted its quarterly earnings results on Tuesday, August 9th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.41) by $0.02. The company earned $755.70 million during the quarter, compared to analysts’ expectations of $782.43 million. Wayfair had a negative return on equity of 56.95% and a negative net margin of 4.20%. Wayfair’s revenue for the quarter was up 60.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.15) EPS. On average, equities research analysts anticipate that Wayfair Inc. will post ($1.67) earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA raised its position in shares of Wayfair by 112.9% in the third quarter. BNP Paribas Arbitrage SA now owns 2,629 shares of the company’s stock worth $104,000 after buying an additional 1,394 shares during the period. BlackRock Inc. raised its position in shares of Wayfair by 70.0% in the second quarter. BlackRock Inc. now owns 2,689 shares of the company’s stock worth $105,000 after buying an additional 1,107 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in shares of Wayfair during the second quarter worth $107,000. Legal & General Group Plc raised its position in shares of Wayfair by 46.8% in the first quarter. Legal & General Group Plc now owns 2,957 shares of the company’s stock worth $124,000 after buying an additional 943 shares during the period. Finally, Teacher Retirement System of Texas raised its position in shares of Wayfair by 42.4% in the second quarter. Teacher Retirement System of Texas now owns 3,905 shares of the company’s stock worth $152,000 after buying an additional 1,163 shares during the period. 71.84% of the stock is owned by hedge funds and other institutional investors.

W has been the subject of several analyst reports. Vetr downgraded shares of Wayfair from a “strong-buy” rating to a “buy” rating and set a $42.28 target price for the company. in a report on Friday, August 12th. Zacks Investment Research upgraded shares of Wayfair from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a report on Thursday, August 11th. Cowen and Company reiterated a “buy” rating and issued a $61.00 target price on shares of Wayfair in a report on Tuesday, June 21st. Maxim Group set a $49.00 target price on shares of Wayfair and gave the company a “buy” rating in a report on Tuesday, August 9th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $55.00 target price on shares of Wayfair in a report on Tuesday. Fourteen analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $51.42.

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