James Savarese Sells 1,236 Shares of Wayfair Inc. (W) Stock
Wayfair Inc. (NYSE:W) COO James Savarese sold 1,236 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $63.67, for a total transaction of $78,696.12. Following the completion of the transaction, the chief operating officer now owns 540,920 shares in the company, valued at approximately $34,440,376.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
James Savarese also recently made the following trade(s):
- On Monday, October 16th, James Savarese sold 1,216 shares of Wayfair stock. The stock was sold at an average price of $71.27, for a total transaction of $86,664.32.
- 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.
Shares of Wayfair Inc. (W) traded up $0.49 on Friday, reaching $66.39. 1,250,000 shares of the company’s stock were exchanged, compared to its average volume of 2,590,000. The company has a quick ratio of 1.17, a current ratio of 1.19 and a debt-to-equity ratio of 135.98. Wayfair Inc. has a twelve month low of $32.60 and a twelve month high of $84.19.
Wayfair (NYSE:W) last announced its quarterly earnings data on Thursday, November 2nd. The company reported ($0.65) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.03. Wayfair had a negative net margin of 5.06% and a negative return on equity of 658.45%. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period last year, the firm posted ($0.54) EPS. The company’s revenue was up 39.1% on a year-over-year basis. analysts forecast that Wayfair Inc. will post -2.58 earnings per share for the current fiscal year.
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Institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Arbitrage SA grew its holdings in Wayfair by 96.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock valued at $105,000 after buying an additional 667 shares in the last quarter. First Mercantile Trust Co. purchased a new stake in Wayfair during the 2nd quarter valued at approximately $138,000. Delta Asset Management LLC TN grew its holdings in Wayfair by 375.0% during the 3rd quarter. Delta Asset Management LLC TN now owns 1,900 shares of the company’s stock valued at $128,000 after buying an additional 1,500 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in Wayfair by 1,512.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,322 shares of the company’s stock valued at $157,000 after buying an additional 2,178 shares in the last quarter. Finally, UBS Group AG grew its holdings in Wayfair by 55.5% during the 1st quarter. UBS Group AG now owns 2,690 shares of the company’s stock valued at $109,000 after buying an additional 960 shares in the last quarter. 66.99% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently weighed in on W shares. Piper Jaffray Companies set a $87.00 price objective on shares of Wayfair and gave the stock a “buy” rating in a research note on Friday, July 28th. Wolfe Research started coverage on shares of Wayfair in a research note on Thursday, August 3rd. They issued an “outperform” rating and a $88.00 price objective on the stock. Oppenheimer Holdings, Inc. set a $88.00 price objective on shares of Wayfair and gave the stock a “buy” rating in a research note on Friday, August 4th. BidaskClub cut shares of Wayfair from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 4th. Finally, Canaccord Genuity reiterated a “buy” rating on shares of Wayfair in a research note on Tuesday, August 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $76.01.
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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