Wayfair Inc. (NYSE:W) CEO Niraj Shah sold 14,200 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $68.52, for a total transaction of $972,984.00. Following the transaction, the chief executive officer now directly owns 260,072 shares of the company’s stock, valued at $17,820,133.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Tuesday, August 29th, Niraj Shah sold 41,000 shares of Wayfair stock. The shares were sold at an average price of $67.87, for a total transaction of $2,782,670.00.
  • 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 Monday, August 21st, Niraj Shah sold 16,000 shares of Wayfair stock. The shares were sold at an average price of $65.98, for a total transaction of $1,055,680.00.
  • 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.

Shares of Wayfair Inc. (W) traded up 1.83% during mid-day trading on Thursday, hitting $71.06. 846,474 shares of the stock were exchanged. Wayfair Inc. has a 52-week low of $27.60 and a 52-week high of $82.19. The company’s market cap is $6.19 billion. The stock’s 50-day moving average price is $73.76 and its 200-day moving average price is $57.85.

Wayfair (NYSE:W) last announced its quarterly earnings results on Tuesday, August 8th. The company reported ($0.26) earnings per share for the quarter, beating the consensus estimate of ($0.69) by $0.43. The firm had revenue of $1.12 billion for 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 company’s revenue 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 research analysts anticipate that Wayfair Inc. will post ($1.46) earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Mitsubishi UFJ Trust & Banking Corp boosted its position in Wayfair by 17.0% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 651,230 shares of the company’s stock worth $26,368,000 after buying an additional 94,540 shares during the last quarter. Arxis Securities LLC bought a new position in Wayfair during the first quarter worth approximately $307,000. Parametric Portfolio Associates LLC boosted its position in Wayfair by 407.4% in the first quarter. Parametric Portfolio Associates LLC now owns 51,285 shares of the company’s stock worth $2,077,000 after buying an additional 41,178 shares during the last quarter. Ameriprise Financial Inc. bought a new position in Wayfair during the first quarter worth approximately $1,650,000. Finally, First Personal Financial Services boosted its position in Wayfair by 15.1% in the first quarter. First Personal Financial Services now owns 2,475 shares of the company’s stock worth $100,000 after buying an additional 325 shares during the last quarter.

Several research firms have recently weighed in on W. BidaskClub cut shares of Wayfair from a “strong-buy” rating to a “buy” rating in a report on Friday, August 4th. Oppenheimer Holdings, Inc. set a $88.00 target price on shares of Wayfair and gave the company a “buy” rating in a report on Friday, August 4th. Piper Jaffray Companies set a $87.00 target price on shares of Wayfair and gave the company a “buy” rating in a report on Friday, July 28th. Robert W. Baird reaffirmed a “neutral” rating on shares of Wayfair in a report on Monday, July 3rd. Finally, Maxim Group cut shares of Wayfair from a “buy” rating to a “hold” rating and upped their target price for the company from $27.60 to $76.17 in a report on Monday, June 19th. They noted that the move was a valuation call. Ten equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $69.67.

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.

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

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