Insider Selling: Wayfair Inc (NYSE:W) Insider Sells 20,000 Shares of Stock

Wayfair Inc (NYSE:W) insider Edmond Macri sold 20,000 shares of the stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $258.57, for a total value of $5,171,400.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

  • On Monday, August 3rd, Edmond Macri sold 1,500 shares of Wayfair stock. The stock was sold at an average price of $273.17, for a total value of $409,755.00.
  • On Wednesday, July 1st, Edmond Macri sold 1,500 shares of Wayfair stock. The stock was sold at an average price of $198.21, for a total value of $297,315.00.

Shares of W traded up $6.30 during mid-day trading on Thursday, reaching $264.61. 4,916,747 shares of the company were exchanged, compared to its average volume of 3,269,780. Wayfair Inc has a 52 week low of $21.70 and a 52 week high of $349.08. The business has a 50 day simple moving average of $289.39 and a two-hundred day simple moving average of $172.20. The stock has a market capitalization of $24.05 billion, a PE ratio of -37.91, a PEG ratio of 32.18 and a beta of 3.48.

Wayfair (NYSE:W) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $3.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $2.58. The company had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same period last year, the business earned ($1.35) EPS. The firm’s quarterly revenue was up 83.7% on a year-over-year basis. Equities research analysts predict that Wayfair Inc will post 0.34 EPS for the current fiscal year.

Several research analysts have weighed in on the company. Barclays upgraded Wayfair from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $153.00 to $321.00 in a research report on Thursday, August 6th. Truist Financial increased their price objective on Wayfair from $208.00 to $315.00 and gave the stock a “hold” rating in a research report on Tuesday, August 11th. They noted that the move was a valuation call. Wedbush raised their price target on Wayfair from $240.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Citigroup raised their price target on Wayfair from $130.00 to $225.00 and gave the stock a “sell” rating in a research report on Tuesday, August 11th. Finally, Cfra upgraded Wayfair to a “buy” rating in a research report on Wednesday, August 5th. Five research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seventeen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $242.88.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. bought a new stake in Wayfair during the second quarter valued at about $2,062,000. Toronto Dominion Bank raised its holdings in Wayfair by 14.0% during the second quarter. Toronto Dominion Bank now owns 9,717 shares of the company’s stock valued at $1,920,000 after acquiring an additional 1,193 shares during the period. Neuberger Berman Group LLC bought a new stake in Wayfair during the second quarter valued at about $15,993,000. AdvisorNet Financial Inc raised its holdings in Wayfair by 39.4% during the second quarter. AdvisorNet Financial Inc now owns 407 shares of the company’s stock valued at $80,000 after acquiring an additional 115 shares during the period. Finally, Quadrature Capital Ltd bought a new stake in Wayfair during the second quarter valued at about $3,520,000. Institutional investors own 81.27% 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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