Wayfair Inc. (NYSE:W) COO James Savarese sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $38.73, for a total value of $19,365.00. Following the completion of the transaction, the chief operating officer now owns 603,360 shares in the company, valued at $23,368,132.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Thursday, September 15th, James Savarese sold 2,867 shares of Wayfair stock. The shares were sold at an average price of $39.55, for a total value of $113,389.85.
  • On Wednesday, September 7th, James Savarese sold 500 shares of Wayfair stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $38.41, for a total value of $19,205.00.
  • On Wednesday, August 3rd, James Savarese sold 500 shares of Wayfair stock. The shares were sold at an average price of $46.14, for a total value of $23,070.00.
  • On Wednesday, July 27th, James Savarese sold 500 shares of Wayfair stock. The shares were sold at an average price of $40.32, for a total value of $20,160.00.
  • On Wednesday, July 20th, James Savarese sold 500 shares of Wayfair stock. The shares were sold at an average price of $39.67, for a total value of $19,835.00.

Shares of Wayfair Inc. (NYSE:W) opened at 42.06 on Wednesday. The firm’s market cap is $3.57 billion. Wayfair Inc. has a 52 week low of $28.85 and a 52 week high of $50.00. The stock’s 50 day moving average is $40.27 and its 200 day moving average is $40.38.

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

Several institutional investors have recently bought and sold shares of W. FMR LLC raised its position in Wayfair by 2.5% in the second quarter. FMR LLC now owns 7,093,073 shares of the company’s stock valued at $276,630,000 after buying an additional 169,776 shares during the last quarter. Vanguard Group Inc. increased its stake in Wayfair by 9.9% in the second quarter. Vanguard Group Inc. now owns 2,113,511 shares of the company’s stock valued at $82,427,000 after buying an additional 190,273 shares during the period. Baillie Gifford & Co. increased its stake in Wayfair by 134.8% in the second quarter. Baillie Gifford & Co. now owns 1,509,644 shares of the company’s stock valued at $58,876,000 after buying an additional 866,829 shares during the period. Lord Abbett & CO. LLC increased its stake in Wayfair by 0.7% in the second quarter. Lord Abbett & CO. LLC now owns 1,394,795 shares of the company’s stock valued at $54,397,000 after buying an additional 10,074 shares during the period. Finally, Jennison Associates LLC increased its stake in Wayfair by 15.4% in the second quarter. Jennison Associates LLC now owns 1,315,287 shares of the company’s stock valued at $51,296,000 after buying an additional 175,058 shares during the period. Institutional investors and hedge funds own 71.84% of the company’s stock.

A number of analysts have recently weighed in on W shares. Zacks Investment Research raised Wayfair from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research report on Thursday, August 11th. Longbow Research started coverage on Wayfair in a research report on Thursday, June 16th. They set a “neutral” rating on the stock. Oppenheimer Holdings Inc. reaffirmed a “sector perform” rating on shares of Wayfair in a research report on Sunday, August 14th. Vetr lowered Wayfair from a “strong-buy” rating to a “buy” rating and set a $46.67 price objective on the stock. in a research report on Wednesday, June 22nd. Finally, Cowen and Company reaffirmed a “buy” rating and set a $61.00 price objective on shares of Wayfair in a research report on Tuesday, June 21st. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $51.49.

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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