Wayfair Inc (NYSE:W) COO James Savarese sold 1,851 shares of the company’s stock in a transaction that occurred on Monday, October 15th. The stock was sold at an average price of $118.00, for a total value of $218,418.00. Following the transaction, the chief operating officer now owns 465,139 shares of the company’s stock, valued at $54,886,402. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Monday, September 17th, James Savarese sold 4,451 shares of Wayfair stock. The stock was sold at an average price of $147.00, for a total value of $654,297.00.
  • On Friday, September 14th, James Savarese sold 99,570 shares of Wayfair stock. The stock was sold at an average price of $150.18, for a total value of $14,953,422.60.
  • On Wednesday, September 12th, James Savarese sold 430 shares of Wayfair stock. The stock was sold at an average price of $149.90, for a total value of $64,457.00.

Shares of NYSE:W opened at $123.26 on Friday. Wayfair Inc has a fifty-two week low of $55.33 and a fifty-two week high of $151.20. The firm has a market capitalization of $13.24 billion, a price-to-earnings ratio of -44.02 and a beta of 1.51. The company has a current ratio of 0.89, a quick ratio of 0.86 and a debt-to-equity ratio of -2.47.

Wayfair (NYSE:W) last announced its quarterly earnings results on Thursday, August 2nd. The company reported ($0.77) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.73) by ($0.04). The business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter last year, the business earned ($0.26) EPS. Wayfair’s revenue for the quarter was up 47.4% on a year-over-year basis. As a group, research analysts predict that Wayfair Inc will post -5.17 EPS for the current fiscal year.

A number of analysts have recently issued reports on W shares. Loop Capital boosted their price objective on Wayfair to $160.00 and gave the company a “buy” rating in a research report on Monday, October 8th. Buckingham Research boosted their price objective on Wayfair from $137.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, August 3rd. Zacks Investment Research upgraded Wayfair from a “sell” rating to a “hold” rating in a research report on Saturday, July 7th. Canaccord Genuity restated a “buy” rating and set a $140.00 price objective on shares of Wayfair in a research report on Wednesday, August 8th. Finally, Gordon Haskett cut Wayfair from an “accumulate” rating to a “hold” rating in a research report on Wednesday, July 25th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $126.81.

Large investors have recently made changes to their positions in the business. Engineers Gate Manager LP bought a new stake in Wayfair in the second quarter valued at $208,000. World Asset Management Inc bought a new stake in shares of Wayfair during the second quarter worth $214,000. Peregrine Asset Advisers Inc. bought a new stake in shares of Wayfair during the second quarter worth $214,000. Comerica Bank bought a new stake in shares of Wayfair during the second quarter worth $255,000. Finally, UBS Group AG grew its holdings in shares of Wayfair by 81.7% during the first quarter. UBS Group AG now owns 3,927 shares of the company’s stock worth $265,000 after purchasing an additional 1,766 shares during the last quarter. Hedge funds and other institutional investors own 72.43% of the company’s stock.

About Wayfair

Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. The company offers approximately 10 million products for the home sector under various brands. It offers a selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, such as Wayfair, Joss & Main, AllModern, DwellStudio, Perigold, and Birch Lane.

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

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