Wayfair Inc. (NYSE:W) COO James Savarese sold 500 shares of the firm’s stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of $43.00, for a total value of $21,500.00. Following the transaction, the chief operating officer now directly owns 606,077 shares in the company, valued at $26,061,311. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 14th, James Savarese sold 500 shares of Wayfair stock. The shares were sold at an average price of $38.73, for a total value of $19,365.00.
  • On Wednesday, September 7th, James Savarese sold 500 shares of Wayfair stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $40.32, for a total value of $20,160.00.

Shares of Wayfair Inc. (NYSE:W) traded up 1.66% during trading on Wednesday, reaching $42.76. 1,157,929 shares of the company were exchanged. Wayfair Inc. has a 1-year low of $28.85 and a 1-year high of $50.00. The firm’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.

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Wayfair (NYSE:W) last issued its earnings results on Tuesday, August 9th. The company reported ($0.43) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.41) by $0.02. The company earned $755.70 million during the quarter, compared to the consensus estimate of $782.43 million. Wayfair had a negative return on equity of 56.95% and a negative net margin of 4.20%. Wayfair’s revenue was up 60.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.15) earnings per share. Equities research analysts expect that Wayfair Inc. will post ($1.67) EPS for the current fiscal year.

Several research firms recently issued reports on W. Zacks Investment Research raised Wayfair from a “sell” rating to a “hold” rating in a research note on Wednesday. Bank of America Corp. cut Wayfair from a “buy” rating to a “neutral” rating and cut their target price for the stock from $54.00 to $45.00 in a research note on Wednesday, August 10th. William Blair began coverage on Wayfair in a research note on Friday, June 10th. They issued a “market perform” rating on the stock. Maxim Group set a $49.00 target price on Wayfair and gave the stock a “buy” rating in a research note on Tuesday, August 9th. Finally, Vetr cut Wayfair from a “strong-buy” rating to a “buy” rating and set a $48.00 price objective on the stock. in a research report on Wednesday, June 8th. Fourteen analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Wayfair has a consensus rating of “Hold” and an average target price of $51.49.

A number of institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Wayfair by 70.0% in the second quarter. BlackRock Inc. now owns 2,689 shares of the company’s stock worth $105,000 after buying an additional 1,107 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new position in shares of Wayfair during the second quarter worth approximately $107,000. Legal & General Group Plc increased its position in shares of Wayfair by 46.8% in the first quarter. Legal & General Group Plc now owns 2,957 shares of the company’s stock worth $124,000 after buying an additional 943 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of Wayfair by 42.4% in the second quarter. Teacher Retirement System of Texas now owns 3,905 shares of the company’s stock worth $152,000 after buying an additional 1,163 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in shares of Wayfair during the first quarter worth approximately $291,000. Institutional investors and hedge funds own 71.84% of the company’s stock.

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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