Here is the rundown on market activity for Wayfair Inc. Class A (NYSE:W). 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 per the Form 4 SEC filing. Nicholas Malone, CAO sold $110,910 worth of shares at an average price of $73.94 on July 10th. That brings Malone’s holdings to $8,993,174 as reported to the SEC.
Niraj Shah, CEO disclosed the sale of 50,000 shares of (W). The shares were purchased at an average price of $73.51. Shah now owns $5,952,031 of the stock according to the 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..
The following firms have also recently changed their position in W. Spiderrock Advisors LLC grew its ownership by buying 500 shares an increase of 41.7% as of 06/30/2017. Spiderrock Advisors LLC now holds 1,700 shares worth $8,000. The value of the position overall is up by 166.7%. Clearbridge Investments, LLC augmented its holdings by buying 24 shares an increase of 16.0% from 12/31/2016 to 03/31/2017. Clearbridge Investments, LLC currently owns 174 shares valued at $7,000. The total value of its holdings increased 40.0%.
Fny Partners Fund Lp bolstered its investment by buying 2,900 shares an increase of 2,900.0% in the quarter. Fny Partners Fund Lp controls 3,000 shares with a value of $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%. Morgan Stanley now controls 2,866 shares valued at $116,000. The total value of its holdings increased 136.7%.
On June 27 the company was downgraded from “” to “Accumulate” in a report from Gordon Haskett. On June 19, 2017 the stock rating was rated “Hold” by Maxim Group down from the previous “” rating.
On June 2 the company was changed to a “Outperform” in a report from Oppenheimer which was a boost from the previous “Perform” rating. On June 16, 2016 Longbow Research initiated coverage on W with an initial rating of “Neutral”.
On June 10 analysts at William Blair initiated coverage with a rating of “Market Perform”. Maxim Group started covering W setting a rating of “”.
The company is now up from yesterday’s close of $75.22. Shares of the company are trading at $75.59 slightly over $68.82, the stock’s 50 day moving average and which is marginally higher than the 200 day moving average of $48.02. The 50 day moving average was up $6.77 or +9.84% whereas the 200 day moving average was up $27.57 or +57.42%.
In the last earnings report the EPS was $-2.46 and is estimated to be $-1.55 for the current year with 86,627,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $-0.40 with next year’s EPS projected to be $-0.75.