Wayfair Inc. (NYSE:W) CEO Niraj Shah sold 41,000 shares of Wayfair stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $67.87, for a total transaction of $2,782,670.00. Following the completion of the sale, the chief executive officer now owns 260,072 shares of the company’s stock, valued at $17,651,086.64. 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 Monday, August 28th, Niraj Shah sold 14,200 shares of Wayfair stock. The shares were sold at an average price of $68.52, for a total transaction of $972,984.00.
  • 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.

Wayfair Inc. (W) opened at 71.01 on Friday. The company’s 50-day moving average is $73.18 and its 200-day moving average is $58.62. Wayfair Inc. has a 12 month low of $27.60 and a 12 month high of $82.19. The company’s market cap is $6.19 billion.

Wayfair (NYSE:W) last released its quarterly earnings data 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 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%. The firm’s revenue for the quarter was up 42.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.43) EPS. On average, equities research analysts anticipate that Wayfair Inc. will post ($1.46) earnings per share for the current year.

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Several large investors have recently added to or reduced their stakes in the stock. FMR LLC increased its stake in Wayfair by 2.7% in the second quarter. FMR LLC now owns 7,757,688 shares of the company’s stock valued at $596,411,000 after buying an additional 207,443 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Wayfair by 16.3% in the second quarter. Vanguard Group Inc. now owns 3,028,832 shares of the company’s stock valued at $232,857,000 after buying an additional 423,631 shares in the last quarter. Spruce House Investment Management LLC acquired a new stake in shares of Wayfair during the first quarter valued at about $101,225,000. Baillie Gifford & Co. increased its stake in shares of Wayfair by 5.7% in the second quarter. Baillie Gifford & Co. now owns 1,914,674 shares of the company’s stock valued at $147,200,000 after buying an additional 102,460 shares in the last quarter. Finally, Columbia Wanger Asset Management LLC acquired a new stake in shares of Wayfair during the first quarter valued at about $42,729,000.

A number of analysts have issued reports on the stock. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Wayfair in a research note on Saturday, May 6th. Piper Jaffray Companies set a $87.00 target price on shares of Wayfair and gave the company a “buy” rating in a research note on Saturday, July 1st. Canaccord Genuity reiterated a “buy” rating on shares of Wayfair in a research note on Tuesday, August 8th. Buckingham Research reiterated a “buy” rating and issued a $95.00 target price on shares of Wayfair in a research note on Thursday, August 10th. Finally, BidaskClub cut shares of Wayfair from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Ten analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $69.67.

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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