Today, Wayfair Inc. (W) COO James Savarese Sold 500 Shares

Today, Wayfair Inc. (W) COO James Savarese Sold 500 Shares

Wayfair Inc. (NYSE:W) COO James Savarese sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 5th. The shares were sold at an average price of $38.48, for a total transaction of $19,240.00. Following the completion of the transaction, the chief operating officer now directly owns 605,077 shares in the company, valued at $23,283,362.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

James Savarese also recently made the following trade(s): 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $39.40, for a total transaction 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 transaction of $19,205.00.

Shares of Wayfair Inc. (NYSE:W) opened at 39.09 on Friday. The firm’s market capitalization is $3.32 billion. The firm has a 50-day moving average of $39.65 and a 200 day moving average of $40.14. Wayfair Inc. has a 52 week low of $28.85 and a 52 week high of $50.00.

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Wayfair (NYSE:W) last issued its earnings results on Tuesday, August 9th. The company reported ($0.43) earnings per share 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 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 for the quarter was up 60.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.15) EPS. On average, equities analysts predict that Wayfair Inc. will post ($1.67) earnings per share for the current fiscal year.

A number of equities analysts have recently weighed in on the stock. Zacks Investment Research raised 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. Longbow Research assumed coverage on shares of Wayfair in a research report on Thursday, June 16th. They set a “neutral” rating on the stock. Oppenheimer Holdings Inc. reissued a “sector perform” rating on shares of Wayfair in a research report on Sunday, August 14th. Vetr cut shares of Wayfair from a “strong-buy” rating to a “buy” rating and set a $46.67 price target on the stock. in a research report on Wednesday, June 22nd. Finally, Cowen and Company reissued a “buy” rating and set a $61.00 price target on shares of Wayfair in a research report on Tuesday, June 21st. Fourteen equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Wayfair has an average rating of “Hold” and a consensus price target of $51.42.

A number of institutional investors have recently modified their holdings of W. BNP Paribas Arbitrage SA raised its position in shares of Wayfair by 112.9% in the third quarter. BNP Paribas Arbitrage SA now owns 2,629 shares of the company’s stock worth $104,000 after buying an additional 1,394 shares in the last quarter. Royal Bank of Canada raised its position in shares of Wayfair by 142,724.0% in the second quarter. Royal Bank of Canada now owns 142,824 shares of the company’s stock worth $5,570,000 after buying an additional 142,724 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Wayfair by 22.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 100,671 shares of the company’s stock worth $3,927,000 after buying an additional 18,672 shares in the last quarter. Legal & General Group Plc raised its position in shares of Wayfair by 28.8% in the second quarter. Legal & General Group Plc now owns 3,810 shares of the company’s stock worth $149,000 after buying an additional 853 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its position in shares of Wayfair by 57.9% in the second quarter. Metropolitan Life Insurance Co. NY now owns 22,972 shares of the company’s stock worth $896,000 after buying an additional 8,424 shares in the last quarter. Hedge funds and other institutional investors own 71.84% of the company’s stock.

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