Wayfair Inc. (NYSE:W) COO James Savarese sold 1,216 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $71.27, for a total transaction of $86,664.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Friday, September 15th, James Savarese sold 4,670 shares of Wayfair stock. The stock was sold at an average price of $79.37, for a total transaction of $370,657.90.
  • On Tuesday, August 15th, James Savarese sold 1,215 shares of Wayfair stock. The stock was sold at an average price of $70.33, for a total transaction of $85,450.95.
  • 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 transaction of $1,739,972.16.
  • On Friday, August 4th, James Savarese sold 37,437 shares of Wayfair stock. The stock was sold at an average price of $80.15, for a total transaction of $3,000,575.55.
  • 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 transaction 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 transaction of $2,358,560.00.

Shares of Wayfair Inc. (W) opened at 67.76 on Wednesday. The firm’s market cap is $5.91 billion. Wayfair Inc. has a 12-month low of $27.60 and a 12-month high of $84.19. The company has a 50-day moving average of $73.29 and a 200 day moving average of $66.57.

Wayfair (NYSE:W) last posted its quarterly earnings results on Tuesday, August 8th. The company reported ($0.26) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.69) by $0.43. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.06 billion. Wayfair had a negative net margin of 5.10% and a negative return on equity of 335.44%. Wayfair’s revenue was up 42.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.43) earnings per share. Equities research analysts anticipate that Wayfair Inc. will post ($1.45) earnings per share for the current fiscal year.

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A number of research analysts have weighed in on W shares. Gordon Haskett lowered shares of Wayfair from a “buy” rating to an “accumulate” rating and raised their target price for the stock from $70.00 to $85.00 in a research note on Tuesday, June 27th. Wedbush reissued a “buy” rating on shares of Wayfair in a research note on Wednesday, August 9th. Canaccord Genuity reissued a “buy” rating on shares of Wayfair in a research note on Tuesday, August 8th. BidaskClub lowered shares of Wayfair from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 4th. Finally, Oppenheimer Holdings, Inc. set a $88.00 price target on shares of Wayfair and gave the company a “buy” rating in a research report on Friday, August 4th. Nine analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $77.07.

A number of large investors have recently bought and sold shares of W. Wells Fargo & Company MN raised its stake in Wayfair by 3.8% during the first quarter. Wells Fargo & Company MN now owns 41,065 shares of the company’s stock worth $1,663,000 after purchasing an additional 1,518 shares during the period. Bank of New York Mellon Corp raised its stake in Wayfair by 2.5% during the first quarter. Bank of New York Mellon Corp now owns 129,187 shares of the company’s stock worth $5,231,000 after purchasing an additional 3,160 shares during the period. Swiss National Bank raised its stake in Wayfair by 7.2% during the first quarter. Swiss National Bank now owns 48,900 shares of the company’s stock worth $1,980,000 after purchasing an additional 3,300 shares during the period. Ameriprise Financial Inc. purchased a new position in Wayfair during the first quarter worth approximately $1,650,000. Finally, Parametric Portfolio Associates LLC raised its stake in Wayfair by 407.4% during the first quarter. Parametric Portfolio Associates LLC now owns 51,285 shares of the company’s stock worth $2,077,000 after purchasing an additional 41,178 shares during the period. 65.93% of the stock is currently owned by institutional investors.

About Wayfair

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.

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

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