Wayfair Inc. (NYSE:W) COO James Savarese sold 2,867 shares of the business’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $39.55, for a total transaction of $113,389.85. Following the completion of the sale, the chief operating officer now directly owns 605,860 shares of the company’s stock, valued at approximately $23,961,763. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

  • On Wednesday, September 21st, James Savarese sold 500 shares of Wayfair stock. The shares were sold at an average price of $43.00, for a total transaction of $21,500.00.
  • On Wednesday, September 14th, James Savarese sold 500 shares of Wayfair stock. The shares were sold at an average price of $38.73, for a total transaction of $19,365.00.
  • 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $46,019.20.
  • On Wednesday, August 10th, James Savarese sold 500 shares of Wayfair stock. The stock was sold at an average price of $38.41, for a total transaction of $19,205.00.
  • On Wednesday, August 3rd, James Savarese sold 500 shares of Wayfair stock. The stock was sold at an average price of $46.14, for a total transaction of $23,070.00.
  • On Wednesday, July 27th, James Savarese sold 500 shares of Wayfair stock. The stock was sold at an average price of $40.32, for a total transaction of $20,160.00.

Wayfair Inc. (NYSE:W) opened at 42.76 on Thursday. The company’s market capitalization is $3.63 billion. The company’s 50-day moving average is $40.16 and its 200 day moving average is $40.39. Wayfair Inc. has a 52 week low of $28.85 and a 52 week high of $50.00.

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

W has been the subject of a number of research analyst reports. Maxim Group initiated coverage on shares of Wayfair in a research report on Thursday, May 26th. They set a “buy” rating and a $50.00 price objective for the company. Wedbush lowered their price objective on shares of Wayfair from $60.00 to $55.00 and set an “outperform” rating for the company in a research report on Wednesday, August 10th. William Blair initiated coverage on shares of Wayfair in a research report on Friday, June 10th. They set a “market perform” rating for the company. Longbow Research initiated coverage on shares of Wayfair in a research report on Thursday, June 16th. They set a “neutral” rating for the company. Finally, Oppenheimer Holdings Inc. reiterated a “sector perform” rating on shares of Wayfair in a research report on Sunday, August 14th. Fourteen analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $51.49.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Samlyn Capital LLC acquired a new position in Wayfair during the first quarter valued at approximately $31,237,000. Goldman Sachs Group Inc. increased its position in Wayfair by 23.4% in the first quarter. Goldman Sachs Group Inc. now owns 50,569 shares of the company’s stock valued at $2,185,000 after buying an additional 9,595 shares during the period. TIAA CREF Investment Management LLC increased its position in Wayfair by 27.0% in the first quarter. TIAA CREF Investment Management LLC now owns 144,046 shares of the company’s stock valued at $6,226,000 after buying an additional 30,651 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in Wayfair by 4.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 555,160 shares of the company’s stock valued at $23,994,000 after buying an additional 25,347 shares during the period. Finally, Pacad Investment Ltd. acquired a new position in Wayfair during the first quarter valued at approximately $1,035,000. 71.84% of the stock is currently owned by hedge funds and other institutional investors.

About Wayfair

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.

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