Here is the rundown on market activity for Wayfair Inc. Class A (NYSE:W). Edmond Macri, Chief Product/Marketing 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 disclosed the sale of 1,500 shares. The shares were purchased at an average price of $73.94. Malone now owns $8,993,174 of the stock according to the SEC filing.
Niraj Shah, CEO sold $3,675,500 worth of shares at an average price of $73.51 on Mon the 10th. Shah now owns $5,952,031 of stock per an SEC filing yesterday.
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..
These firms have also modified their investment in W. Spiderrock Advisors LLC augmented its stake by buying 500 shares an increase of 41.7% in the quarter. Spiderrock Advisors LLC owns 1,700 shares valued at $8,000. The total value of its holdings increased 166.7%. Clearbridge Investments, LLC grew its ownership by buying 24 shares an increase of 16.0% from 12/31/2016 to 03/31/2017. Clearbridge Investments, LLC currently owns 174 shares worth $7,000. The value of the position overall is up by 40.0%.
As of the end of the quarter Fny Partners Fund Lp had acquired 2,900 shares growing its position 2,900.0%. The value of the investment in (W) went from $4,000 to $121,000 a change of 2,925.0% quarter over quarter. Morgan Stanley expanded its position by buying 1,475 shares an increase of 106.0% as of 03/31/2017. Morgan Stanley controls 2,866 shares with a value of $116,000. The value of the position overall is up by 136.7%.
On June 27 the company was rated “Accumulate” in a report from Gordon Haskett which was a cut from the previous “” rating. On June 19 the stock rating was downgraded to “Hold” from “” by analysts at Maxim Group.
On June 2 the company was upgraded from “Perform” to “Outperform” in a statement from Oppenheimer. Equity analyst Longbow Research started coverage setting a rating of “Neutral”.
On June 10, 2016 William Blair released its first research report on the stock giving it an initial rating of “Market Perform”. On May 26 analysts at Maxim Group started covering W with a rating of “”.
The company is now up from yesterday’s close of $75.22. Company shares last traded at $75.59 which is marginally higher than $68.82, the 50 day moving average and which is marginally over the 200 day moving average of $48.02. The 50 day moving average went 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 projected to be $-1.55 for the current year with 86,627,000 shares now outstanding. Next quarter’s EPS is forecasted at $-0.40 and the next full year EPS is anticipated to be $-0.75.