There has been some selling insider activity on Wayfair Inc. Class A (NYSE:W) recently. Edmond Macri, Chief Product/Marketing disclosed the sale of 600 shares. The shares were sold on July 11th for an average price of $74.00. Macri now owns $18,146,206 of the stock per the Form 4 SEC filing. CAO Nicholas Malone disclosed the sale of 1,500 shares of W stock. The shares were purchased at an average price of $73.94. The CAO now owns $8,993,174 of the stock according to the SEC filing.
CEO Niraj Shah let go of 50,000 shares at an average price of $73.51 on July 10th. Shah now owns $5,952,031 of 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..
These funds have also shifted positions in (W). Spiderrock Advisors LLC grew its stake by buying 500 shares an increase of 41.7%. Spiderrock Advisors LLC claims 1,700 shares valued at $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% as of 03/31/2017. Clearbridge Investments, LLC owns 174 shares worth $7,000. The total value of its holdings increased 40.0%.
As of the end of the quarter Fny Partners Fund Lp had acquired a total of 2,900 shares growing its holdings by 2,900.0%. The value of the investment in W went from $4,000 to $121,000 a change of 2,925.0% quarter to quarter. As of quarter end Morgan Stanley had bought 1,475 shares growing its stake by 106.0%. The value in dollars increased from $49,000 to $116,000 a change of $67,000 since the last quarter.
On June 27 the company was downgraded to “Accumulate” from “” by Gordon Haskett. On June 19 the stock rating was downgraded from “” to “Hold” in a report issued by Maxim Group.
On June 2, 2017 the stock rating was rated “Outperform” in a report from Oppenheimer which was a boost from the previous “Perform” rating. Longbow Research added the stock to its research portfolio by announcing an initial rating of “Neutral”.
On June 10 analysts at William Blair issued its first research report on the stock giving it an initial rating of “Market Perform”. Equity analyst Maxim Group initiated coverage on W with an initial rating of “”.
The company is so far trading up from yesterday’s close of $75.22. The stock is trading at $75.59 which is just over $68.82, the stock’s 50 day moving average and a tad above 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 latest earnings report the EPS was $-2.46 and is expected to be $-1.55 for the current year with 86,627,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $-0.40 with next year’s EPS projected to be $-0.75.