Wayfair Inc. (NYSE:W) COO James Savarese sold 37,437 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $80.15, for a total value of $3,000,575.55. Following the completion of the transaction, the chief operating officer now directly owns 552,663 shares of the company’s stock, valued at approximately $44,295,939.45. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

  • On Thursday, July 27th, James Savarese sold 11,418 shares of Wayfair stock. The stock was 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 stock was 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 stock was 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 stock was sold at an average price of $70.92, for a total value of $329,707.08.

Shares of Wayfair Inc. (NYSE:W) traded up 0.26% on Monday, hitting $80.57. The company had a trading volume of 2,522,733 shares. Wayfair Inc. has a 52 week low of $27.60 and a 52 week high of $82.19. The stock’s 50-day moving average is $75.55 and its 200 day moving average is $54.28. The company’s market capitalization is $6.98 billion.

Wayfair (NYSE:W) last announced its quarterly earnings data on Tuesday, May 9th. The company reported ($0.48) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.80) by $0.32. Wayfair had a negative return on equity of 215.36% and a negative net margin of 5.84%. The firm had revenue of $960.80 million during the quarter, compared to analysts’ expectations of $934.84 million. During the same period last year, the business posted ($0.36) earnings per share. The company’s revenue for the quarter was up 28.6% compared to the same quarter last year. Equities analysts expect that Wayfair Inc. will post ($1.55) EPS for the current year.

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A number of brokerages have weighed in on W. BidaskClub lowered Wayfair from a “strong-buy” rating to a “buy” rating in a research report on Friday. Oppenheimer Holdings, Inc. set a $88.00 target price on Wayfair and gave the stock a “buy” rating in a research report on Friday. Wolfe Research began coverage on Wayfair in a research report on Thursday. They issued an “outperform” rating and a $88.00 target price for the company. Piper Jaffray Companies set a $87.00 target price on Wayfair and gave the stock a “buy” rating in a research report on Friday, July 28th. Finally, Buckingham Research reissued a “buy” rating and issued a $95.00 target price (up previously from $72.00) on shares of Wayfair in a research report on Thursday, July 13th. They noted that the move was a valuation call. Ten investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Wayfair has an average rating of “Buy” and an average target price of $63.22.

A number of hedge funds and other institutional investors have recently made changes to their positions in W. Penserra Capital Management LLC boosted its position in shares of Wayfair by 307.3% in the second quarter. Penserra Capital Management LLC now owns 37,659 shares of the company’s stock valued at $2,895,000 after buying an additional 28,412 shares in the last quarter. Columbus Circle Investors bought a new position in shares of Wayfair during the second quarter valued at $2,653,000. State Board of Administration of Florida Retirement System boosted its position in shares of Wayfair by 259.5% in the second quarter. State Board of Administration of Florida Retirement System now owns 50,545 shares of the company’s stock valued at $3,886,000 after buying an additional 36,485 shares in the last quarter. First Personal Financial Services boosted its position in shares of Wayfair by 12.8% in the second quarter. First Personal Financial Services now owns 2,792 shares of the company’s stock valued at $215,000 after buying an additional 317 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in shares of Wayfair by 96.2% in the second quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock valued at $105,000 after buying an additional 667 shares in the last quarter.

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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