Wayfair Inc. (NYSE:W) CEO Niraj Shah sold 40,000 shares of the stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $63.97, for a total transaction of $2,558,800.00. Following the sale, the chief executive officer now directly owns 209,319 shares of the company’s stock, valued at $13,390,136.43. The sale was disclosed in a document filed with the SEC, which is available through this link.

Niraj Shah also recently made the following trade(s):

  • On Tuesday, May 9th, Niraj Shah sold 16,000 shares of Wayfair stock. The shares were sold at an average price of $59.56, for a total value of $952,960.00.
  • On Monday, May 8th, Niraj Shah sold 24,000 shares of Wayfair stock. The shares were sold at an average price of $48.70, for a total value of $1,168,800.00.
  • On Tuesday, May 2nd, Niraj Shah sold 24,000 shares of Wayfair stock. The stock was sold at an average price of $47.67, for a total value of $1,144,080.00.
  • On Monday, April 24th, Niraj Shah sold 18,000 shares of Wayfair stock. The stock was sold at an average price of $46.65, for a total value of $839,700.00.
  • On Monday, April 17th, Niraj Shah sold 18,837 shares of Wayfair stock. The stock was sold at an average price of $43.57, for a total value of $820,728.09.
  • On Monday, April 3rd, Niraj Shah sold 12,000 shares of Wayfair stock. The stock was sold at an average price of $40.61, for a total value of $487,320.00.
  • On Wednesday, March 15th, Niraj Shah sold 829 shares of Wayfair stock. The shares were sold at an average price of $37.09, for a total value of $30,747.61.

Wayfair Inc. (W) traded up 2.78% during midday trading on Friday, reaching $76.17. The company’s stock had a trading volume of 3,035,329 shares. The firm’s market capitalization is $6.60 billion. Wayfair Inc. has a 12 month low of $27.60 and a 12 month high of $76.54. The stock’s 50-day moving average price is $61.83 and its 200-day moving average price is $45.21.

Wayfair (NYSE:W) last posted its quarterly earnings results on Tuesday, May 9th. The company reported ($0.48) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.80) by $0.32. The business had revenue of $960.80 million for the quarter, compared to the consensus estimate of $934.84 million. Wayfair had a negative net margin of 5.84% and a negative return on equity of 215.36%. Wayfair’s revenue for the quarter was up 28.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.36) earnings per share. Analysts predict that Wayfair Inc. will post ($1.56) EPS for the current year.

Insider Buying and Selling by Quarter for Wayfair (NYSE:W)

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Several research analysts have recently weighed in on W shares. Cowen and Company reaffirmed an “outperform” rating and set a $44.00 target price (up from $39.00) on shares of Wayfair in a research note on Wednesday, February 22nd. Bank of America Corporation upgraded Wayfair from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $44.00 to $75.00 in a research report on Tuesday, May 9th. Zacks Investment Research upgraded Wayfair from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a report on Thursday, April 27th. Buckingham Research upped their target price on Wayfair from $47.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday, May 3rd. Finally, Goldman Sachs Group, Inc. (The) upped their target price on Wayfair from $37.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, May 10th. Nine 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 presently has an average rating of “Buy” and an average price target of $56.82.

A number of institutional investors have recently bought and sold shares of the company. First Personal Financial Services increased its stake in shares of Wayfair by 15.1% in the first quarter. First Personal Financial Services now owns 2,475 shares of the company’s stock valued at $100,000 after buying an additional 325 shares in the last quarter. UBS Group AG boosted its stake in Wayfair by 55.5% in the first quarter. UBS Group AG now owns 2,690 shares of the company’s stock valued at $109,000 after buying an additional 960 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in Wayfair during the first quarter valued at $110,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Wayfair by 9.6% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,820 shares of the company’s stock valued at $114,000 after buying an additional 247 shares during the last quarter. Finally, FNY Partners Fund LP boosted its position in shares of Wayfair by 2,900.0% in the first quarter. FNY Partners Fund LP now owns 3,000 shares of the company’s stock worth $121,000 after buying an additional 2,900 shares in the last quarter.

Wayfair Company Profile

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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