Wayfair Inc. (NYSE:W) COO James Savarese sold 1,216 shares of the firm’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $71.27, for a total value of $86,664.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

  • 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 value of $370,657.90.
  • On Tuesday, August 15th, James Savarese sold 1,215 shares of Wayfair stock. The stock was sold at an average price of $70.33, for a total value of $85,450.95.
  • On Monday, August 7th, James Savarese sold 21,663 shares of Wayfair stock. The stock was 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 stock was 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 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.

Wayfair Inc. (W) traded down 2.83% during mid-day trading on Tuesday, hitting $67.76. The stock had a trading volume of 1,736,125 shares. The stock’s market cap is $5.91 billion. Wayfair Inc. has a 52-week low of $27.60 and a 52-week high of $84.19. The firm has a 50-day moving average of $73.29 and a 200-day moving average of $66.57.

Wayfair (NYSE:W) last posted its earnings results on Tuesday, August 8th. The company reported ($0.26) EPS for the quarter, beating the consensus estimate of ($0.69) by $0.43. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.06 billion. Wayfair had a negative return on equity of 335.44% and a negative net margin of 5.10%. Wayfair’s revenue for the quarter was up 42.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.43) earnings per share. On average, analysts forecast that Wayfair Inc. will post ($1.45) EPS for the current fiscal year.

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Several research analysts have commented on W shares. Maxim Group downgraded Wayfair from a “buy” rating to a “hold” rating and raised their price objective for the stock from $27.60 to $76.17 in a report on Monday, June 19th. They noted that the move was a valuation call. Gordon Haskett downgraded Wayfair from a “buy” rating to an “accumulate” rating and raised their price objective for the stock from $70.00 to $85.00 in a report on Tuesday, June 27th. Piper Jaffray Companies set a $87.00 price objective on Wayfair and gave the stock a “buy” rating in a report on Saturday, July 1st. Robert W. Baird restated a “neutral” rating on shares of Wayfair in a report on Monday, July 3rd. Finally, Buckingham Research reiterated a “buy” rating and issued a $95.00 price target (up from $72.00) on shares of Wayfair in a report on Thursday, July 13th. They noted that the move was a valuation call. Nine research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Wayfair presently has an average rating of “Buy” and a consensus price target of $77.07.

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Wayfair by 16.3% during the second quarter. Vanguard Group Inc. now owns 3,028,832 shares of the company’s stock worth $232,857,000 after purchasing an additional 423,631 shares during the last quarter. Lord Abbett & CO. LLC purchased a new position in shares of Wayfair during the second quarter worth about $27,345,000. Renaissance Technologies LLC grew its holdings in shares of Wayfair by 818.5% during the second quarter. Renaissance Technologies LLC now owns 338,000 shares of the company’s stock worth $25,985,000 after purchasing an additional 301,200 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Wayfair by 18,904.8% during the second quarter. Russell Investments Group Ltd. now owns 274,239 shares of the company’s stock worth $21,089,000 after purchasing an additional 272,796 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of Wayfair by 2.7% during the second quarter. FMR LLC now owns 7,757,688 shares of the company’s stock worth $596,411,000 after purchasing an additional 207,443 shares during the last quarter. 65.93% of the stock is currently owned by hedge funds and other institutional investors.

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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