Insider Selling: Wayfair Inc (W) COO Sells 1,285 Shares of Stock

Wayfair Inc (NYSE:W) COO James Savarese sold 1,285 shares of the firm’s stock in a transaction dated Tuesday, January 15th. The stock was sold at an average price of $92.74, for a total value of $119,170.90. Following the sale, the chief operating officer now directly owns 462,375 shares of the company’s stock, valued at $42,880,657.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

James Savarese also recently made the following trade(s):

  • On Monday, December 17th, James Savarese sold 4,434 shares of Wayfair stock. The shares were sold at an average price of $101.03, for a total value of $447,967.02.

W stock traded up $0.81 during trading on Thursday, hitting $96.52. 1,110,174 shares of the company’s stock were exchanged, compared to its average volume of 1,600,075. The stock has a market cap of $8.48 billion, a price-to-earnings ratio of -34.47 and a beta of 1.84. Wayfair Inc has a 52-week low of $60.53 and a 52-week high of $151.20.

Wayfair (NYSE:W) last posted its earnings results on Thursday, November 1st. The company reported ($1.28) earnings per share for the quarter, missing the consensus estimate of ($1.09) by ($0.19). The company had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.67 billion. The firm’s revenue was up 42.4% compared to the same quarter last year. During the same period last year, the firm posted ($0.65) EPS. Research analysts predict that Wayfair Inc will post -5.72 EPS for the current fiscal year.

Several equities analysts have recently issued reports on W shares. Loop Capital lifted their price objective on Wayfair to $160.00 and gave the company a “buy” rating in a research note on Monday, October 8th. Wolfe Research decreased their price objective on Wayfair from $143.00 to $135.00 and set an “outperform” rating for the company in a research note on Friday, November 2nd. Robert W. Baird decreased their price objective on Wayfair from $118.00 to $108.00 and set a “neutral” rating for the company in a research note on Friday, November 2nd. Zacks Investment Research cut Wayfair from a “hold” rating to a “sell” rating in a research note on Thursday, October 4th. Finally, JPMorgan Chase & Co. decreased their price objective on Wayfair from $115.00 to $110.00 and set a “neutral” rating for the company in a research note on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Wayfair has a consensus rating of “Hold” and a consensus price target of $121.84.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc grew its holdings in Wayfair by 7.5% during the third quarter. Vanguard Group Inc now owns 4,761,964 shares of the company’s stock worth $703,199,000 after acquiring an additional 332,832 shares during the period. Vanguard Group Inc. boosted its position in Wayfair by 7.5% during the third quarter. Vanguard Group Inc. now owns 4,761,964 shares of the company’s stock worth $703,199,000 after purchasing an additional 332,832 shares in the last quarter. Renaissance Technologies LLC boosted its position in Wayfair by 26.4% during the third quarter. Renaissance Technologies LLC now owns 1,536,137 shares of the company’s stock worth $226,841,000 after purchasing an additional 320,542 shares in the last quarter. FMR LLC boosted its position in Wayfair by 2.0% during the third quarter. FMR LLC now owns 8,949,120 shares of the company’s stock worth $1,321,516,000 after purchasing an additional 176,243 shares in the last quarter. Finally, William Blair Investment Management LLC purchased a new stake in Wayfair during the third quarter worth $25,095,000. 70.88% of the stock is currently owned by institutional investors.

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Wayfair Company Profile

Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. The company offers approximately 10 million products for the home sector under various brands. It offers a selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, such as Wayfair, Joss & Main, AllModern, DwellStudio, Perigold, and Birch Lane.

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