Trade Report: Today, 500 Shares of Stock are sold by Wayfair Inc. (W) COO James Savarese

Today, 500 Shares of Stock are sold by Wayfair Inc. (W) COO James Savarese

Wayfair Inc. (NYSE:W) COO James Savarese sold 500 shares of the business’s stock in a transaction dated Wednesday, October 12th. The shares were sold at an average price of $36.30, for a total transaction of $18,150.00. Following the completion of the transaction, the chief operating officer now owns 604,577 shares in the company, valued at approximately $21,946,145.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

James Savarese also recently made the following trade(s): On Wednesday, October 5th, James Savarese sold 500 shares of Wayfair stock. The shares were sold at an average price of $38.48, for a total transaction of $19,240.00. On Wednesday, September 28th, James Savarese sold 500 shares of Wayfair stock. The shares were sold at an average price of $40.85, for a total transaction of $20,425.00. On Wednesday, September 21st, James Savarese sold 500 shares of Wayfair stock. The shares were sold at an average price of $43.00, for a total transaction of $21,500.00. 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 transaction 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 transaction of $19,365.00. On Wednesday, September 7th, James Savarese sold 500 shares of Wayfair stock. The shares were sold at an average price of $40.28, for a total transaction of $20,140.00. On Wednesday, August 31st, James Savarese sold 500 shares of Wayfair stock. The shares were sold at an average price of $38.40, for a total transaction of $19,200.00. On Wednesday, August 24th, James Savarese sold 500 shares of Wayfair stock. The shares were sold at an average price of $38.18, for a total transaction of $19,090.00. On Wednesday, August 17th, James Savarese sold 500 shares of Wayfair stock. The shares were sold at an average price of $37.80, for a total transaction of $18,900.00. On Monday, August 15th, James Savarese sold 1,168 shares of Wayfair stock. The shares were sold at an average price of $39.40, for a total transaction of $46,019.20.

Shares of Wayfair Inc. (NYSE:W) opened at 35.43 on Monday. Wayfair Inc. has a one year low of $28.85 and a one year high of $50.00. The firm’s 50-day moving average is $39.41 and its 200-day moving average is $40.01. The stock’s market capitalization is $3.01 billion.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Samlyn Capital LLC acquired a new position in Wayfair during the first quarter worth approximately $31,237,000. Goldman Sachs Group Inc. increased its position in shares of Wayfair by 23.4% in the first quarter. Goldman Sachs Group Inc. now owns 50,569 shares of the company’s stock worth $2,185,000 after buying an additional 9,595 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in shares of Wayfair by 27.0% in the first quarter. TIAA CREF Investment Management LLC now owns 144,046 shares of the company’s stock worth $6,226,000 after buying an additional 30,651 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of Wayfair by 4.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 555,160 shares of the company’s stock worth $23,994,000 after buying an additional 25,347 shares during the last quarter. Finally, Jennison Associates LLC increased its position in shares of Wayfair by 15.4% in the second quarter. Jennison Associates LLC now owns 1,315,287 shares of the company’s stock worth $51,296,000 after buying an additional 175,058 shares during the last quarter. 71.82% of the stock is currently owned by institutional investors and hedge funds.

W has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Wayfair from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research report on Thursday, August 11th. Vetr upgraded shares of Wayfair from a “buy” rating to a “strong-buy” rating and set a $42.28 price target on the stock in a research report on Wednesday, September 14th. Veritas Investment Research reiterated a “hold” rating on shares of Wayfair in a research report on Friday, August 5th. Canaccord Genuity reiterated a “buy” rating and set a $55.00 price target on shares of Wayfair in a research report on Tuesday, October 4th. Finally, Cowen and Company reiterated a “buy” rating and set a $61.00 price target on shares of Wayfair in a research report on Tuesday, June 21st. Fourteen research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $51.42.

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