Wayfair Inc. (NYSE:W) COO James Savarese sold 1,682 shares of the business’s stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $36.24, for a total value of $60,955.68. Following the completion of the transaction, the chief operating officer now owns 606,392 shares of the company’s stock, valued at $21,975,646.08. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

  • 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 value 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 value 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 value 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 value 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 value 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 value of $18,150.00.
  • On Wednesday, October 5th, James Savarese sold 500 shares of Wayfair stock. The stock was sold at an average price of $38.48, for a total value of $19,240.00.
  • On Wednesday, September 28th, James Savarese sold 500 shares of Wayfair stock. The stock was 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 stock was 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.

Shares of Wayfair Inc. (NYSE:W) opened at 33.30 on Monday. The stock’s 50 day moving average price is $35.67 and its 200 day moving average price is $38.97. The firm’s market capitalization is $2.85 billion. Wayfair Inc. has a 12-month low of $27.60 and a 12-month high of $50.00.

Wayfair (NYSE:W) last announced its earnings results on Tuesday, November 8th. The company reported ($0.54) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.59) by $0.05. The company had revenue of $861.50 million for the quarter, compared to analysts’ expectations of $849.42 million. Wayfair had a negative return on equity of 91.94% and a negative net margin of 5.29%. Wayfair’s quarterly revenue was up 45.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.13) earnings per share. Equities research analysts expect that Wayfair Inc. will post ($1.84) earnings per share for the current year.

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

A number of brokerages have recently issued reports on W. Vetr upgraded Wayfair from a “buy” rating to a “strong-buy” rating and set a $42.28 price objective on the stock in a research note on Wednesday, September 14th. Zacks Investment Research cut Wayfair from a “hold” rating to a “sell” rating in a research note on Thursday, September 15th. Wedbush reiterated an “outperform” rating and set a $55.00 price objective on shares of Wayfair in a research note on Tuesday, November 1st. Canaccord Genuity reiterated a “buy” rating and set a $55.00 price objective on shares of Wayfair in a research note on Tuesday, October 4th. Finally, Goldman Sachs Group Inc. cut Wayfair from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $46.00 to $43.00 in a research note on Wednesday, August 10th. Fourteen investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $51.15.

Several hedge funds and other institutional investors have recently made changes to their positions in W. Pacer Advisors Inc. boosted its stake in shares of Wayfair by 9.2% in the third quarter. Pacer Advisors Inc. now owns 2,562 shares of the company’s stock valued at $101,000 after buying an additional 216 shares in the last quarter. Wedbush Securities Inc. raised its position in Wayfair by 2.9% in the third quarter. Wedbush Securities Inc. now owns 10,672 shares of the company’s stock worth $420,000 after buying an additional 300 shares during the last quarter. Bank of New York Mellon Corp raised its position in 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. BlackRock Inc. raised its position in Wayfair by 17.3% in the third quarter. BlackRock Inc. now owns 3,153 shares of the company’s stock worth $124,000 after buying an additional 464 shares during the last quarter. Finally, Teachers Advisors Inc. raised its position in 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. 70.75% of the stock is currently owned by institutional investors.

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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