Wayfair Inc. (NYSE:W) CEO Niraj Shah sold 55,000 shares of the stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $76.65, for a total value of $4,215,750.00. Following the sale, the chief executive officer now owns 72,630 shares in the company, valued at $5,567,089.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

  • On Wednesday, August 16th, Niraj Shah sold 36,058 shares of Wayfair stock. The stock was sold at an average price of $70.57, for a total value of $2,544,613.06.
  • On Monday, August 14th, Niraj Shah sold 10,000 shares of Wayfair stock. The stock was sold at an average price of $70.68, for a total value of $706,800.00.
  • On Wednesday, August 2nd, Niraj Shah sold 50,000 shares of Wayfair stock. The stock was sold at an average price of $75.51, for a total value of $3,775,500.00.
  • On Wednesday, July 26th, Niraj Shah sold 5,000 shares of Wayfair stock. The stock was sold at an average price of $79.28, for a total value of $396,400.00.
  • On Tuesday, July 25th, Niraj Shah sold 24,000 shares of Wayfair stock. The stock was sold at an average price of $76.30, for a total value of $1,831,200.00.
  • On Monday, July 24th, Niraj Shah sold 26,000 shares of Wayfair stock. The stock was sold at an average price of $76.42, for a total value of $1,986,920.00.
  • On Monday, July 17th, Niraj Shah sold 50,839 shares of Wayfair stock. The stock was sold at an average price of $75.22, for a total value of $3,824,109.58.
  • On Monday, July 10th, Niraj Shah sold 50,000 shares of Wayfair stock. The stock was sold at an average price of $73.77, for a total value of $3,688,500.00.
  • On Wednesday, July 5th, Niraj Shah sold 50,000 shares of Wayfair stock. The stock was sold at an average price of $75.25, for a total value of $3,762,500.00.
  • On Monday, June 19th, Niraj Shah sold 50,850 shares of Wayfair stock. The shares were sold at an average price of $73.88, for a total value of $3,756,798.00.

Wayfair Inc. (NYSE:W) traded down 0.30% during midday trading on Friday, hitting $66.87. The stock had a trading volume of 1,192,729 shares. The stock’s 50-day moving average is $74.83 and its 200-day moving average is $56.94. The company’s market cap is $5.83 billion. Wayfair Inc. has a one year low of $27.60 and a one year high of $82.19.

Wayfair (NYSE:W) last issued its earnings results on Tuesday, August 8th. The company reported ($0.26) EPS for the quarter, beating the consensus estimate of ($0.69) by $0.43. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Wayfair had a negative net margin of 5.10% and a negative return on equity of 335.44%. The business’s revenue for the quarter was up 42.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.43) EPS. Equities analysts predict that Wayfair Inc. will post ($1.46) EPS for the current fiscal year.

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Several hedge funds have recently added to or reduced their stakes in the stock. NJ State Employees Deferred Compensation Plan purchased a new stake in Wayfair during the first quarter worth approximately $445,000. Ameriprise Financial Inc. purchased a new stake in Wayfair during the first quarter worth approximately $1,650,000. Pacer Advisors Inc. boosted its stake in Wayfair by 45.6% in the first quarter. Pacer Advisors Inc. now owns 4,124 shares of the company’s stock worth $167,000 after buying an additional 1,292 shares in the last quarter. Clough Capital Partners L P boosted its stake in Wayfair by 46.1% in the first quarter. Clough Capital Partners L P now owns 318,664 shares of the company’s stock worth $11,716,000 after buying an additional 100,482 shares in the last quarter. Finally, American International Group Inc. boosted its stake in Wayfair by 7.0% in the first quarter. American International Group Inc. now owns 19,411 shares of the company’s stock worth $786,000 after buying an additional 1,273 shares in the last quarter.

Several analysts recently commented on the company. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Wayfair in a research report on Saturday, May 6th. Piper Jaffray Companies set a $87.00 target price on Wayfair and gave the company a “buy” rating in a research report on Saturday, July 1st. Zacks Investment Research cut Wayfair from a “buy” rating to a “hold” rating in a research report on Tuesday, May 16th. Buckingham Research restated a “buy” rating and issued a $95.00 target price (up from $72.00) on shares of Wayfair in a research report on Thursday, July 13th. They noted that the move was a valuation call. Finally, Maxim Group cut Wayfair from a “buy” rating to a “hold” rating and raised their target price for the company from $27.60 to $76.17 in a research report on Monday, June 19th. They noted that the move was a valuation call. Ten analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Wayfair presently has an average rating of “Buy” and an average target price of $69.15.

About Wayfair

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.

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

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