Wayfair Inc. (NYSE:W) COO James Savarese sold 1,236 shares of the company’s 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 sale, the chief operating officer now directly owns 540,920 shares of the company’s stock, valued at approximately $34,440,376.40. The sale was disclosed in a filing with the SEC, which is available at 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. (NYSE W) traded up $0.49 during midday trading on Friday, reaching $66.39. 1,250,000 shares of the company’s stock traded hands, 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 1 year low of $32.60 and a 1 year high of $84.19.

Wayfair (NYSE:W) last announced its quarterly earnings results on Thursday, November 2nd. The company reported ($0.65) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the prior year, the company posted ($0.54) EPS. The company’s revenue was up 39.1% on a year-over-year basis. research analysts expect that Wayfair Inc. will post -2.58 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sterling Capital Management LLC acquired a new stake in shares of Wayfair during the third quarter worth $1,503,000. DF Dent & Co. Inc. increased its position in shares of Wayfair by 19.1% during the third quarter. DF Dent & Co. Inc. now owns 8,391 shares of the company’s stock worth $566,000 after buying an additional 1,343 shares during the period. California Public Employees Retirement System increased its position in shares of Wayfair by 4.9% during the third quarter. California Public Employees Retirement System now owns 119,341 shares of the company’s stock worth $8,044,000 after buying an additional 5,541 shares during the period. Cubist Systematic Strategies LLC increased its position in shares of Wayfair by 440.7% during the third quarter. Cubist Systematic Strategies LLC now owns 20,287 shares of the company’s stock worth $1,367,000 after buying an additional 16,535 shares during the period. Finally, Point72 Asset Management L.P. increased its position in shares of Wayfair by 78,600.0% during the third quarter. Point72 Asset Management L.P. now owns 14,953 shares of the company’s stock worth $1,008,000 after buying an additional 14,934 shares during the period. Hedge funds and other institutional investors own 66.99% of the company’s stock.

A number of brokerages have recently weighed in on W. Canaccord Genuity reaffirmed a “buy” rating on shares of Wayfair in a report on Tuesday, August 8th. Buckingham Research reissued a “buy” rating and issued a $95.00 price objective on shares of Wayfair in a research note on Thursday, August 10th. BidaskClub downgraded shares of Wayfair from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Credit Suisse Group increased their price objective on shares of Wayfair from $75.00 to $78.00 and gave the company a “neutral” rating in a research note on Wednesday, August 9th. Finally, KeyCorp reissued a “hold” rating on shares of Wayfair in a research note on Friday, September 29th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price 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.

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

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