Insider Selling: Wayfair Inc (W) COO Sells 904 Shares of Stock
Wayfair Inc (NYSE:W) COO James Savarese sold 904 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $86.34, for a total transaction of $78,051.36. Following the sale, the chief operating officer now directly owns 547,099 shares of the company’s stock, valued at approximately $47,236,527.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
James Savarese also recently made the following trade(s):
- On Friday, December 15th, James Savarese sold 4,606 shares of Wayfair stock. The shares were sold at an average price of $76.35, for a total transaction of $351,668.10.
- On Wednesday, November 15th, James Savarese sold 1,236 shares of Wayfair stock. The shares were sold at an average price of $63.67, for a total transaction of $78,696.12.
Wayfair Inc (W) traded up $1.06 during trading on Thursday, hitting $85.56. 989,800 shares of the stock traded hands, compared to its average volume of 1,422,264. Wayfair Inc has a twelve month low of $35.36 and a twelve month high of $88.06. The company has a debt-to-equity ratio of 135.98, a quick ratio of 1.17 and a current ratio of 1.19. The stock has a market cap of $7,510.00, a PE ratio of -34.36 and a beta of 0.96.
Wayfair (NYSE:W) last posted its quarterly earnings results on Thursday, November 2nd. The company reported ($0.65) earnings per share for the quarter, beating the consensus estimate of ($0.68) by $0.03. Wayfair had a negative net margin of 5.06% and a negative return on equity of 658.45%. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the prior year, the company posted ($0.54) EPS. The business’s revenue for the quarter was up 39.1% on a year-over-year basis. research analysts forecast that Wayfair Inc will post -2.78 earnings per share for the current year.
Several hedge funds have recently modified their holdings of W. Bank of New York Mellon Corp lifted its holdings in shares of Wayfair by 4.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 135,453 shares of the company’s stock worth $10,413,000 after acquiring an additional 6,266 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Wayfair by 15.2% in the 2nd quarter. Legal & General Group Plc now owns 13,283 shares of the company’s stock worth $1,021,000 after acquiring an additional 1,754 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Wayfair by 96.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock worth $105,000 after acquiring an additional 667 shares during the last quarter. Principal Financial Group Inc. acquired a new position in shares of Wayfair in the 2nd quarter worth approximately $249,000. Finally, Swiss National Bank lifted its holdings in shares of Wayfair by 19.0% in the 2nd quarter. Swiss National Bank now owns 58,200 shares of the company’s stock worth $4,474,000 after acquiring an additional 9,300 shares during the last quarter. Hedge funds and other institutional investors own 66.97% of the company’s stock.
Several analysts recently issued reports on the stock. Wedbush reaffirmed an “outperform” rating on shares of Wayfair in a research note on Wednesday, December 27th. Canaccord Genuity reaffirmed a “buy” rating and set a $90.00 price objective on shares of Wayfair in a research note on Sunday, October 1st. Piper Jaffray Companies set a $89.00 price objective on shares of Wayfair and gave the company a “buy” rating in a research note on Sunday, October 1st. DA Davidson reaffirmed a “hold” rating and set a $60.00 price objective on shares of Wayfair in a research note on Friday, November 3rd. Finally, Oppenheimer set a $88.00 price objective on shares of Wayfair and gave the company a “buy” rating in a research note on Wednesday, October 18th. Twelve equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $77.64.
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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.
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