There has been some selling insider activity on Wayfair Inc. Class A (NYSE:W) recently. Chief Product/Marketing Edmond Macri disclosed the sale of 600 shares of W stock. The shares were sold on July 11th for an average price of $74.00. The Chief Product/Marketing now owns $18,146,206 of the stock according to the SEC filing. CAO Nicholas Malone sold 1,500 shares at an average price of $73.94 on Mon the 10th. The CAO now owns $8,993,174 of the stock as reported to the SEC.
Niraj Shah, CEO sold $3,675,500 worth of shares at an average price of $73.51 on Mon the 10th. The CEO now owns $5,952,031 of the stock as recorded in a recent Form 4 SEC filing.
Wayfair Inc. (Wayfair), launched on August 8, 2014, 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 Business’s five sites in the United States and through sites operated by third parties in the United States. The International segment consists of amounts earned through product sales through the Business’s international sites. The Company has an online selection of furniture, decor, decorative accents, housewares, seasonal decor and other home goods..
Here are a few additional firms who have increased or decreased their stake in (W). Spiderrock Advisors LLC grew its holdings by buying 500 shares an increase of 41.7%. Spiderrock Advisors LLC currently owns 1,700 shares worth $8,000. The value of the position overall is up by 166.7%. As of quarter end Clearbridge Investments, LLC had bought 24 shares growing its position 16.0%. The value of the total investment in Wayfair Inc. Class A went from $5,000 to $7,000 a change of 40.0% for the reporting period.
Fny Partners Fund Lp expanded its position by buying 2,900 shares an increase of 2,900.0% from 12/31/2016 to 03/31/2017. Fny Partners Fund Lp now holds 3,000 shares valued at $121,000. The total value of its holdings increased 2,925.0%. Morgan Stanley added to its stake by buying 1,475 shares an increase of 106.0% as of 03/31/2017. Morgan Stanley controls 2,866 shares valued at $116,000. The value of the position overall is up by 136.7%.
On June 27 the company was rated “Accumulate” according to a Gordon Haskett report which is down from the previous “” rating. On June 19 the company was downgraded to “Hold” from “” in a report issued by Maxim Group.
On June 2 the company was changed to a “Outperform” by Oppenheimer up from the previous “Perform” rating. On June 16 analysts at Longbow Research released its first research report on the stock setting a rating of “Neutral”.
On June 10, 2016 William Blair began coverage of the stock with a rating of “Market Perform”. On May 26 analysts at Maxim Group added W to its research portfolio with an initial rating of “”.
The company is up from yesterday’s close of $75.25. It is trading at $75.59 a tad higher than the 50 day moving average of $68.82 and a tad above the 200 day moving average of $48.02. The 50 day moving average went up by +9.84% whereas the 200 day average was up by +57.42%.
In the latest earnings report the EPS was $-2.46 and is projected to be $-1.55 for the current year with 86,627,000 shares outstanding. Next quarter’s EPS is expected be $-0.40 and the next full year EPS is anticipated to be $-0.75.