Wayfair Inc. (NYSE:W) CEO Niraj Shah sold 1,216 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $79.97, for a total value of $97,243.52. Following the completion of the transaction, the chief executive officer now directly owns 21,572 shares in the company, valued at $1,725,112.84. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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 value of $972,984.00.
  • 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 value 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 value 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 value 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 value 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 value 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 value 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 value 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 value 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 value of $396,400.00.

Wayfair Inc. (NYSE:W) opened at 79.92 on Wednesday. Wayfair Inc. has a 12 month low of $27.60 and a 12 month high of $83.36. The company’s market cap is $6.97 billion. The firm has a 50-day moving average price of $73.34 and a 200 day moving average price of $62.21.

Wayfair (NYSE:W) last issued its earnings results on Tuesday, August 8th. The company reported ($0.26) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.69) by $0.43. The firm had revenue of $1.12 billion for 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 company’s revenue was up 42.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.43) EPS. On average, equities analysts expect that Wayfair Inc. will post ($1.45) earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Wayfair Inc. (W) CEO Niraj Shah Sells 1,216 Shares” was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another publication, it was stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://www.thecerbatgem.com/2017/09/20/wayfair-inc-w-ceo-niraj-shah-sells-1216-shares.html.

Several hedge funds have recently modified their holdings of W. Spruce House Investment Management LLC acquired a new stake in shares of Wayfair during the 1st quarter valued at $101,225,000. Columbia Wanger Asset Management LLC acquired a new stake in shares of Wayfair during the 1st quarter valued at $42,729,000. Vanguard Group Inc. boosted its holdings in shares of Wayfair by 16.3% during the 2nd quarter. Vanguard Group Inc. now owns 3,028,832 shares of the company’s stock valued at $232,857,000 after acquiring an additional 423,631 shares in the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of Wayfair during the 2nd quarter valued at $27,345,000. Finally, Eventide Asset Management LLC boosted its holdings in shares of Wayfair by 99.7% during the 1st quarter. Eventide Asset Management LLC now owns 699,000 shares of the company’s stock valued at $28,303,000 after acquiring an additional 349,000 shares in the last quarter. 66.15% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have issued reports on the company. DA Davidson assumed coverage on Wayfair in a report on Wednesday, September 13th. They issued a “neutral” rating and a $78.00 target price on the stock. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $88.00 target price on shares of Wayfair in a report on Wednesday, September 13th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $89.00 target price on shares of Wayfair in a report on Friday, September 8th. Gordon Haskett raised Wayfair from an “accumulate” rating to a “buy” rating and set a $89.00 target price on the stock in a report on Tuesday, September 5th. Finally, Ifs Securities assumed coverage on Wayfair in a report on Friday, September 1st. They issued an “outperform” rating and a $85.00 target price on the stock. Ten analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Wayfair presently has a consensus rating of “Buy” and a consensus price target of $72.84.

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)

Receive News & Stock Ratings for Wayfair Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wayfair Inc. and related stocks with our FREE daily email newsletter.