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

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

Wayfair Inc. (NYSE:W) COO James Savarese sold 500 shares of the firm’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $35.12, for a total transaction of $17,560.00. Following the transaction, the chief operating officer now directly owns 604,210 shares in the company, valued at $21,219,855.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

James Savarese also recently made the following trade(s): On Wednesday, November 16th, James Savarese sold 1,682 shares of Wayfair stock. The stock was sold at an average price of $36.24, for a total transaction of $60,955.68. On Wednesday, November 9th, James Savarese sold 500 shares of Wayfair stock. The stock was sold at an average price of $31.72, for a total transaction of $15,860.00. On Wednesday, November 2nd, James Savarese sold 500 shares of Wayfair stock. The stock was sold at an average price of $32.17, for a total transaction of $16,085.00. On Wednesday, October 26th, James Savarese sold 500 shares of Wayfair stock. The stock was sold at an average price of $34.91, for a total transaction of $17,455.00. On Wednesday, October 19th, James Savarese sold 500 shares of Wayfair stock. The stock was sold at an average price of $36.36, for a total transaction of $18,180.00. On Monday, October 17th, James Savarese sold 1,185 shares of Wayfair stock. The stock was sold at an average price of $35.17, for a total transaction of $41,676.45. On Wednesday, October 12th, James Savarese sold 500 shares of Wayfair stock. The stock was sold at an average price of $36.30, for a total transaction of $18,150.00. On Wednesday, October 5th, James Savarese sold 500 shares of Wayfair stock. The stock was 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 stock was 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.

Wayfair Inc. (NYSE:W) opened at 34.03 on Tuesday. The firm’s 50-day moving average is $34.91 and its 200-day moving average is $38.86. Wayfair Inc. has a 12 month low of $27.60 and a 12 month high of $50.00. The firm’s market cap is $2.91 billion.

Wayfair (NYSE:W) last released its quarterly earnings results on Tuesday, November 8th. The company reported ($0.54) EPS for the quarter, topping the consensus estimate of ($0.59) by $0.05. The business earned $861.50 million during the quarter, compared to analyst estimates of $849.42 million. Wayfair had a negative net margin of 5.29% and a negative return on equity of 91.94%. The company’s quarterly revenue was up 45.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.13) earnings per share. Equities analysts expect that Wayfair Inc. will post ($1.84) earnings per share for the current year.

Several analysts have recently commented on the stock. Bank of America Corp. cut shares of Wayfair from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $54.00 to $45.00 in a research note on Wednesday, August 10th. Vetr upgraded shares of Wayfair from a “buy” rating to a “strong-buy” rating and set a $42.28 target price for the company in a research note on Thursday, August 18th. Maxim Group set a $49.00 target price on shares of Wayfair and gave the stock a “buy” rating in a research note on Tuesday, August 9th. Zacks Investment Research upgraded shares of Wayfair from a “sell” rating to a “hold” rating in a research note on Wednesday, August 24th. Finally, Veritas Investment Research restated a “hold” rating on shares of Wayfair in a research note on Friday, August 5th. Fourteen analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $51.15.

Several institutional investors have recently added to or reduced their stakes in the company. Hennessy Advisors Inc. raised its position in shares of Wayfair by 2.9% in the second quarter. Hennessy Advisors Inc. now owns 848,327 shares of the company’s stock worth $33,085,000 after buying an additional 24,180 shares in the last quarter. Goldman Sachs Group Inc. raised 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 in the last quarter. BlackRock Institutional Trust Company N.A. raised 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 in the last quarter. Capital Fund Management S.A. bought a new position in shares of Wayfair during the second quarter worth about $524,000. Finally, Vanguard Group Inc. raised its position in shares of Wayfair by 9.9% in the second quarter. Vanguard Group Inc. now owns 2,113,511 shares of the company’s stock worth $82,427,000 after buying an additional 190,273 shares in the last quarter. Institutional investors and hedge funds own 71.63% of the company’s stock.

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