Wayfair Inc. (W) COO James Savarese Sells 500 Shares

Wayfair Inc. (NYSE:W) COO James Savarese sold 500 shares of the firm’s stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $35.12, for a total transaction of $17,560.00. Following the completion of the transaction, the chief operating officer now directly owns 604,210 shares of the company’s stock, valued at approximately $21,219,855.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

James Savarese also recently made the following trade(s):

  • On Wednesday, November 16th, James Savarese sold 1,682 shares of Wayfair stock. The shares were sold at an average price of $36.24, for a total transaction of $60,955.68.
  • On Wednesday, November 9th, James Savarese sold 500 shares of Wayfair stock. The shares were sold at an average price of $31.72, for a total transaction of $15,860.00.
  • On Wednesday, November 2nd, James Savarese sold 500 shares of Wayfair stock. The shares were sold at an average price of $32.17, for a total transaction of $16,085.00.
  • On Wednesday, October 26th, James Savarese sold 500 shares of Wayfair stock. The shares were sold at an average price of $34.91, for a total transaction of $17,455.00.
  • On Wednesday, October 19th, James Savarese sold 500 shares of Wayfair stock. The shares were sold at an average price of $36.36, for a total transaction of $18,180.00.
  • On Monday, October 17th, James Savarese sold 1,185 shares of Wayfair stock. The shares were sold at an average price of $35.17, for a total transaction of $41,676.45.
  • On Wednesday, October 12th, James Savarese sold 500 shares of Wayfair stock. The shares were sold at an average price of $36.30, for a total transaction of $18,150.00.
  • On Wednesday, October 5th, James Savarese sold 500 shares of Wayfair stock. The shares were sold at an average price of $38.48, for a total transaction of $19,240.00.
  • On Wednesday, September 28th, James Savarese sold 500 shares of Wayfair stock. The shares were sold at an average price of $40.85, for a total transaction of $20,425.00.
  • On Wednesday, September 21st, James Savarese sold 500 shares of Wayfair stock. The shares were sold at an average price of $43.00, for a total transaction of $21,500.00.

Shares of Wayfair Inc. (NYSE:W) opened at 35.02 on Monday. The company’s market capitalization is $3.00 billion. The firm’s 50-day moving average is $35.02 and its 200-day moving average is $38.89. Wayfair Inc. has a 12-month low of $27.60 and a 12-month high of $50.00.

Wayfair (NYSE:W) last issued its earnings results on Tuesday, November 8th. The company reported ($0.54) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.59) by $0.05. The firm earned $861.50 million during the quarter, compared to analyst estimates of $849.42 million. Wayfair had a negative net margin of 5.29% and a negative return on equity of 91.94%. The company’s quarterly revenue was up 45.0% on a year-over-year basis. During the same quarter last year, the business earned ($0.13) earnings per share. On average, equities analysts predict that Wayfair Inc. will post ($1.84) EPS for the current year.

Insider Buying and Selling by Quarter for Wayfair (NYSE:W)

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A number of institutional investors have recently modified their holdings of the company. Credit Suisse AG raised its position in shares of Wayfair by 450.0% in the third quarter. Credit Suisse AG now owns 157,898 shares of the company’s stock worth $6,216,000 after buying an additional 129,187 shares in the last quarter. DF Dent & Co. Inc. acquired a new position in shares of Wayfair during the third quarter worth $483,000. Verition Fund Management LLC acquired a new position in shares of Wayfair during the third quarter worth $206,000. Eaton Vance Management acquired a new position in shares of Wayfair during the third quarter worth $921,000. Finally, Whale Rock Capital Management LLC raised its position in shares of Wayfair by 4.9% in the third quarter. Whale Rock Capital Management LLC now owns 425,751 shares of the company’s stock worth $16,762,000 after buying an additional 20,024 shares in the last quarter. Hedge funds and other institutional investors own 71.63% of the company’s stock.

Several analysts recently commented on W shares. Zacks Investment Research raised shares of Wayfair from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a report on Thursday, August 11th. Vetr upgraded shares of Wayfair from a “buy” rating to a “strong-buy” rating and set a $42.28 price objective for the company in a research note on Wednesday, September 14th. Canaccord Genuity reiterated a “buy” rating and issued a $55.00 price objective on shares of Wayfair in a research note on Tuesday, October 4th. Finally, Veritas Investment Research reiterated a “hold” rating on shares of Wayfair in a research note on Friday, August 5th. Fourteen research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Wayfair has a consensus rating of “Hold” and an average target price of $51.15.

Wayfair Company Profile

Wayfair Inc (Wayfair) offers browsing, merchandising, product discovery and prices for a range of products from suppliers across various brands, including Wayfair.com, Joss & Main, AllModern, DwellStudio and Birch Lane. The Company offers a range of furniture, home furnishings, decor and goods. Wayfair produces editorial content both in-house and through third parties.

5 Day Chart for NYSE:W

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