Wayfair Inc. (NYSE:W) COO James Savarese sold 1,215 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $70.33, for a total value of $85,450.95. Following the completion of the sale, the chief operating officer now owns 533,500 shares of the company’s stock, valued at approximately $37,521,055. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Monday, August 7th, James Savarese sold 21,663 shares of Wayfair stock. The shares were sold at an average price of $80.32, for a total value of $1,739,972.16.
  • On Friday, August 4th, James Savarese sold 37,437 shares of Wayfair stock. The shares were sold at an average price of $80.15, for a total value of $3,000,575.55.
  • On Thursday, July 27th, James Savarese sold 11,418 shares of Wayfair stock. The shares were 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 shares were 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 shares were 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 shares were sold at an average price of $70.92, for a total value of $329,707.08.

Shares of Wayfair Inc. (NYSE:W) traded down 0.30% during midday trading on Friday, reaching $66.87. The company had a trading volume of 1,192,729 shares. Wayfair Inc. has a 1-year low of $27.60 and a 1-year high of $82.19. The stock’s market capitalization is $5.83 billion. The firm’s 50 day moving average price is $74.83 and its 200-day moving average price is $56.94.

Wayfair (NYSE:W) last posted its quarterly earnings results on Tuesday, August 8th. The company reported ($0.26) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.69) by $0.43. Wayfair had a negative return on equity of 335.44% and a negative net margin of 5.10%. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the firm earned ($0.43) earnings per share. Wayfair’s quarterly revenue was up 42.7% on a year-over-year basis. Equities research analysts expect that Wayfair Inc. will post ($1.46) EPS for the current fiscal year.

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A number of hedge funds have recently bought and sold shares of W. Ameriprise Financial Inc. acquired a new stake in Wayfair during the first quarter worth $1,650,000. First Personal Financial Services boosted its stake in 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. Swiss National Bank boosted its stake in Wayfair by 7.2% in the first quarter. Swiss National Bank now owns 48,900 shares of the company’s stock worth $1,980,000 after buying an additional 3,300 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Wayfair by 2.5% in the first quarter. Bank of New York Mellon Corp now owns 129,187 shares of the company’s stock worth $5,231,000 after buying an additional 3,160 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in Wayfair by 5.6% in the first quarter. First Trust Advisors LP now owns 76,895 shares of the company’s stock worth $3,113,000 after buying an additional 4,058 shares in the last quarter.

A number of brokerages recently commented on W. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Wayfair in a report on Saturday, May 6th. Piper Jaffray Companies set a $87.00 target price on Wayfair and gave the company a “buy” rating in a report on Saturday, July 1st. Zacks Investment Research downgraded Wayfair from a “buy” rating to a “hold” rating in a report on Tuesday, May 16th. Buckingham Research restated a “buy” rating and set a $95.00 target price (up previously from $72.00) on shares of Wayfair in a report on Thursday, July 13th. They noted that the move was a valuation call. Finally, Maxim Group downgraded Wayfair from a “buy” rating to a “hold” rating and upped their target price for the company from $27.60 to $76.17 in a report on Monday, June 19th. They noted that the move was a valuation call. Ten research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $69.15.

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.

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

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