James Savarese Sells 37,437 Shares of Wayfair Inc. (W) Stock
Wayfair Inc. (NYSE:W) COO James Savarese sold 37,437 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $80.15, for a total value of $3,000,575.55. Following the completion of the sale, the chief operating officer now owns 552,663 shares of the company’s stock, valued at $44,295,939.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
James Savarese also recently made the following trade(s):
- On Monday, August 7th, James Savarese sold 21,663 shares of Wayfair stock. The stock was sold at an average price of $80.32, for a total value of $1,739,972.16.
- On Thursday, July 27th, James Savarese sold 11,418 shares of Wayfair stock. The stock was sold at an average price of $79.93, for a total value of $912,640.74.
- On Wednesday, July 26th, James Savarese sold 29,482 shares of Wayfair stock. The stock was sold at an average price of $80.00, for a total value of $2,358,560.00.
- On Monday, July 17th, James Savarese sold 1,213 shares of Wayfair stock. The stock was sold at an average price of $76.53, for a total value of $92,830.89.
- On Thursday, June 15th, James Savarese sold 4,649 shares of Wayfair stock. The stock was sold at an average price of $70.92, for a total value of $329,707.08.
Wayfair Inc. (NYSE W) opened at 72.82 on Thursday. The firm’s market capitalization is $6.31 billion. The company’s 50-day moving average price is $76.12 and its 200 day moving average price is $55.65. Wayfair Inc. has a 12 month low of $27.60 and a 12 month high of $82.19.
Wayfair (NYSE:W) last issued its quarterly earnings data on Tuesday, August 8th. The company reported ($0.26) EPS for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.43. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.06 billion. Wayfair had a negative return on equity of 215.36% and a negative net margin of 5.84%. The company’s revenue for the quarter was up 42.7% on a year-over-year basis. During the same period in the previous year, the company posted ($0.43) EPS. On average, equities research analysts predict that Wayfair Inc. will post ($1.55) earnings per share for the current year.
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W has been the subject of a number of research reports. Zacks Investment Research upgraded Wayfair from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a report on Thursday, April 27th. Piper Jaffray Companies reiterated an “overweight” rating and set a $87.00 price objective (up from $70.00) on shares of Wayfair in a report on Wednesday, June 14th. Maxim Group increased their price objective on Wayfair from $53.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, May 10th. CIBC upgraded Wayfair from a “market perform” rating to an “outperform” rating in a report on Friday, June 2nd. Finally, Bank of America Corporation upgraded Wayfair from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $44.00 to $75.00 in a report on Tuesday, May 9th. Ten research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Wayfair has a consensus rating of “Buy” and a consensus target price of $69.15.
A number of hedge funds have recently modified their holdings of the company. BNP Paribas Arbitrage SA raised its stake in shares of Wayfair by 96.2% in the second quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock worth $105,000 after buying an additional 667 shares in the last quarter. First Mercantile Trust Co. bought a new stake in shares of Wayfair during the second quarter worth approximately $138,000. First Personal Financial Services raised its stake in shares of Wayfair by 15.1% in the first quarter. First Personal Financial Services now owns 2,475 shares of the company’s stock worth $100,000 after buying an additional 325 shares in the last quarter. UBS Group AG raised its stake in shares of Wayfair by 55.5% in the first quarter. UBS Group AG now owns 2,690 shares of the company’s stock worth $109,000 after buying an additional 960 shares in the last quarter. Finally, CIBC Asset Management Inc bought a new stake in shares of Wayfair during the second quarter worth approximately $208,000.
Wayfair Company Profile
Wayfair Inc (Wayfair) 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 Company’s five sites in the United States and through sites operated by third parties in the United States.
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