Wayfair Inc. (W) COO Sells $1,739,972.16 in Stock
Wayfair Inc. (NYSE:W) COO James Savarese sold 21,663 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $80.32, for a total value of $1,739,972.16. Following the completion of the sale, the chief operating officer now directly owns 533,821 shares of the company’s stock, valued at $42,876,502.72. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
James Savarese also recently made the following trade(s):
- 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.
- On Monday, July 17th, James Savarese sold 1,213 shares of Wayfair stock. The stock was sold at an average price of $76.53, for a total value of $92,830.89.
- On Thursday, June 15th, James Savarese sold 4,649 shares of Wayfair stock. The stock was sold at an average price of $70.92, for a total value of $329,707.08.
Shares of Wayfair Inc. (NYSE W) traded down 3.58% on Wednesday, hitting $72.82. The stock had a trading volume of 1,890,231 shares. Wayfair Inc. has a 12-month low of $27.60 and a 12-month high of $80.40. The stock has a 50 day moving average of $75.55 and a 200 day moving average of $54.28. The firm’s market cap is $6.31 billion.
Wayfair (NYSE:W) last issued its quarterly earnings data on Tuesday, August 8th. The company reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.69) by $0.43. The company 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 215.36% and a negative net margin of 5.84%. The business’s quarterly revenue was up 42.7% compared to the same quarter last year. During the same quarter last year, the company posted ($0.43) earnings per share. Equities analysts predict that Wayfair Inc. will post ($1.55) earnings per share for the current fiscal year.
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Institutional investors have recently modified their holdings of the company. FMR LLC raised its position in Wayfair by 1.8% in the first quarter. FMR LLC now owns 7,550,245 shares of the company’s stock worth $305,709,000 after buying an additional 133,204 shares in the last quarter. Vanguard Group Inc. raised its position in Wayfair by 4.6% in the first quarter. Vanguard Group Inc. now owns 2,605,201 shares of the company’s stock worth $105,484,000 after buying an additional 113,613 shares in the last quarter. Spruce House Investment Management LLC bought a new position in Wayfair during the first quarter worth about $101,225,000. Baillie Gifford & Co. raised its position in Wayfair by 18.6% in the first quarter. Baillie Gifford & Co. now owns 1,812,214 shares of the company’s stock worth $73,377,000 after buying an additional 284,599 shares in the last quarter. Finally, Columbia Wanger Asset Management LLC bought a new position in Wayfair during the first quarter worth about $42,729,000.
A number of equities research analysts recently issued reports on W shares. Gordon Haskett lowered Wayfair from a “buy” rating to an “accumulate” rating and raised their price target for the stock from $70.00 to $85.00 in a research note on Tuesday, June 27th. Canaccord Genuity raised their price target on Wayfair from $45.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, May 10th. Maxim Group reissued a “buy” rating and set a $53.00 price target (up from $45.00) on shares of Wayfair in a research note on Tuesday, May 2nd. Zacks Investment Research raised Wayfair from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research note on Thursday, April 27th. Finally, Buckingham Research raised their price objective on Wayfair from $47.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, May 3rd. Ten investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $69.15.
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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