Wayfair Inc. (NYSE:W) CEO Niraj Shah sold 16,000 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $65.98, for a total transaction of $1,055,680.00. Following the completion of the sale, the chief executive officer now directly owns 59,072 shares in the company, valued at approximately $3,897,570.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Wednesday, August 23rd, Niraj Shah sold 12,000 shares of Wayfair stock. The shares were sold at an average price of $66.95, for a total transaction of $803,400.00.
  • On Tuesday, August 22nd, Niraj Shah sold 12,000 shares of Wayfair stock. The shares were sold at an average price of $66.73, for a total transaction of $800,760.00.
  • On Wednesday, August 16th, Niraj Shah sold 36,058 shares of Wayfair stock. The shares were sold at an average price of $70.57, for a total transaction of $2,544,613.06.
  • On Monday, August 14th, Niraj Shah sold 10,000 shares of Wayfair stock. The shares were sold at an average price of $70.68, for a total transaction of $706,800.00.
  • On Wednesday, August 9th, Niraj Shah sold 55,000 shares of Wayfair stock. The shares were sold at an average price of $76.65, for a total transaction of $4,215,750.00.
  • On Wednesday, August 2nd, Niraj Shah sold 50,000 shares of Wayfair stock. The shares were sold at an average price of $75.51, for a total transaction of $3,775,500.00.
  • On Wednesday, July 26th, Niraj Shah sold 5,000 shares of Wayfair stock. The shares were sold at an average price of $79.28, for a total transaction of $396,400.00.
  • On Tuesday, July 25th, Niraj Shah sold 24,000 shares of Wayfair stock. The shares were sold at an average price of $76.30, for a total transaction of $1,831,200.00.
  • On Monday, July 24th, Niraj Shah sold 26,000 shares of Wayfair stock. The shares were sold at an average price of $76.42, for a total transaction of $1,986,920.00.
  • On Monday, July 17th, Niraj Shah sold 50,839 shares of Wayfair stock. The shares were sold at an average price of $75.22, for a total transaction of $3,824,109.58.

Wayfair Inc. (W) opened at 69.20 on Friday. The stock’s 50 day moving average is $73.76 and its 200-day moving average is $57.85. Wayfair Inc. has a 12 month low of $27.60 and a 12 month high of $82.19. The stock’s market capitalization is $6.03 billion.

Wayfair (NYSE:W) last posted its earnings results on Tuesday, August 8th. The company reported ($0.26) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.69) by $0.43. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.06 billion. Wayfair had a negative return on equity of 335.44% and a negative net margin of 5.10%. Wayfair’s revenue was up 42.7% on a year-over-year basis. During the same quarter last year, the company earned ($0.43) EPS. On average, equities research analysts expect that Wayfair Inc. will post ($1.46) earnings per share for the current year.

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W has been the topic of several recent analyst reports. Wolfe Research reiterated an “outperform” rating on shares of Wayfair in a research note on Wednesday, August 9th. BidaskClub lowered shares of Wayfair from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 4th. Bank of America Corporation upgraded shares of Wayfair from a “neutral” rating to a “buy” rating and increased their price target for the company from $44.00 to $75.00 in a research note on Tuesday, May 9th. Credit Suisse Group increased their price target on shares of Wayfair from $75.00 to $78.00 and gave the company a “neutral” rating in a research note on Wednesday, August 9th. Finally, Maxim Group lowered shares of Wayfair from a “buy” rating to a “hold” rating and increased their price target for the company from $27.60 to $76.17 in a research note on Monday, June 19th. They noted that the move was a valuation call. Ten research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $69.67.

Several institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC bought a new position in Wayfair during the fourth quarter valued at approximately $880,000. Teachers Advisors LLC increased its position in Wayfair by 5.7% in the fourth quarter. Teachers Advisors LLC now owns 126,565 shares of the company’s stock valued at $4,436,000 after buying an additional 6,865 shares during the period. Nationwide Fund Advisors increased its position in Wayfair by 2.1% in the first quarter. Nationwide Fund Advisors now owns 33,721 shares of the company’s stock valued at $1,365,000 after buying an additional 709 shares during the period. NJ State Employees Deferred Compensation Plan bought a new position in Wayfair during the first quarter valued at approximately $445,000. Finally, Wells Fargo & Company MN increased its position in Wayfair by 3.8% in the first quarter. Wells Fargo & Company MN now owns 41,065 shares of the company’s stock valued at $1,663,000 after buying an additional 1,518 shares during the period.

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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