Wayfair Inc. (NYSE:W) COO James Savarese sold 500 shares of Wayfair stock in a transaction on Wednesday, October 5th. The shares were sold at an average price of $38.48, for a total value of $19,240.00. Following the completion of the transaction, the chief operating officer now owns 605,077 shares in the company, valued at approximately $23,283,362.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • 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 value 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 value of $21,500.00.
  • On Thursday, September 15th, James Savarese sold 2,867 shares of Wayfair stock. The stock was sold at an average price of $39.55, for a total value of $113,389.85.
  • On Wednesday, September 14th, James Savarese sold 500 shares of Wayfair stock. The stock was sold at an average price of $38.73, for a total value of $19,365.00.
  • On Wednesday, September 7th, James Savarese sold 500 shares of Wayfair stock. The stock was sold at an average price of $40.28, for a total value of $20,140.00.
  • On Wednesday, August 31st, James Savarese sold 500 shares of Wayfair stock. The stock was sold at an average price of $38.40, for a total value of $19,200.00.
  • On Wednesday, August 24th, James Savarese sold 500 shares of Wayfair stock. The stock was sold at an average price of $38.18, for a total value of $19,090.00.
  • On Wednesday, August 17th, James Savarese sold 500 shares of Wayfair stock. The stock was sold at an average price of $37.80, for a total value of $18,900.00.
  • On Monday, August 15th, James Savarese sold 1,168 shares of Wayfair stock. The stock was sold at an average price of $39.40, for a total value of $46,019.20.
  • On Wednesday, August 10th, James Savarese sold 500 shares of Wayfair stock. The stock was sold at an average price of $38.41, for a total value of $19,205.00.

Shares of Wayfair Inc. (NYSE:W) opened at 39.09 on Friday. The company has a 50-day moving average price of $39.65 and a 200 day moving average price of $40.14. The company’s market capitalization is $3.32 billion. Wayfair Inc. has a one year low of $28.85 and a one year high of $50.00.

Wayfair (NYSE:W) last announced its quarterly earnings data on Tuesday, August 9th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.41) by $0.02. Wayfair had a negative net margin of 4.20% and a negative return on equity of 56.95%. The business earned $755.70 million during the quarter, compared to the consensus estimate of $782.43 million. During the same period in the previous year, the business posted ($0.15) earnings per share. Wayfair’s revenue was up 60.0% compared to the same quarter last year. On average, analysts forecast that Wayfair Inc. will post ($1.67) EPS for the current fiscal year.

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

Institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its position in shares of Wayfair by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 124,005 shares of the company’s stock worth $4,836,000 after buying an additional 422 shares during the last quarter. Teachers Advisors Inc. boosted its position in shares of Wayfair by 2.3% in the first quarter. Teachers Advisors Inc. now owns 30,241 shares of the company’s stock worth $1,307,000 after buying an additional 691 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Wayfair by 28.8% in the second quarter. Legal & General Group Plc now owns 3,810 shares of the company’s stock worth $149,000 after buying an additional 853 shares during the last quarter. BlackRock Inc. boosted its position in shares of Wayfair by 70.0% in the second quarter. BlackRock Inc. now owns 2,689 shares of the company’s stock worth $105,000 after buying an additional 1,107 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its position in shares of Wayfair by 42.4% in the second quarter. Teacher Retirement System of Texas now owns 3,905 shares of the company’s stock worth $152,000 after buying an additional 1,163 shares during the last quarter. 71.84% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have commented on the company. Wedbush reduced their price objective on Wayfair from $60.00 to $55.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 10th. William Blair assumed coverage on Wayfair in a research note on Friday, June 10th. They set a “market perform” rating on the stock. Longbow Research assumed coverage on Wayfair in a research note on Thursday, June 16th. They set a “neutral” rating on the stock. Oppenheimer Holdings Inc. restated a “sector perform” rating on shares of Wayfair in a research note on Sunday, August 14th. Finally, Zacks Investment Research upgraded Wayfair from a “sell” rating to a “hold” rating in a research note on Friday, September 9th. Fourteen research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Wayfair presently has an average rating of “Hold” and a consensus target price of $51.42.

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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