Wayfair Inc. (NYSE:W) CEO Niraj Shah Sells 1,214 Shares

Wayfair Inc. (NYSE:W) CEO Niraj Shah sold 1,214 shares of the business’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $71.22, for a total transaction of $86,461.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Friday, September 15th, Niraj Shah sold 1,216 shares of Wayfair stock. The stock was sold at an average price of $79.97, for a total transaction of $97,243.52.
  • On Monday, August 28th, Niraj Shah sold 14,200 shares of Wayfair stock. The stock was sold at an average price of $68.52, for a total transaction of $972,984.00.
  • On Tuesday, August 29th, Niraj Shah sold 41,000 shares of Wayfair stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $75.51, for a total transaction of $3,775,500.00.

Wayfair Inc. (NYSE W) opened at 67.55 on Friday. The stock’s 50 day moving average is $72.39 and its 200-day moving average is $67.89. The firm’s market capitalization is $5.89 billion. Wayfair Inc. has a 52 week low of $27.60 and a 52 week high of $84.19.

Wayfair (NYSE:W) last issued its quarterly earnings data on Tuesday, August 8th. The company reported ($0.26) earnings per share for the quarter, beating the Thomson Reuters’ 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 net margin of 5.10% and a negative return on equity of 335.44%. Wayfair’s quarterly revenue was up 42.7% compared to the same quarter last year. During the same period last year, the firm posted ($0.43) EPS. On average, equities research analysts expect that Wayfair Inc. will post ($1.45) EPS for the current year.

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W has been the subject of several recent analyst reports. Stifel Nicolaus raised shares of Wayfair from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $75.00 to $78.00 in a research report on Friday, August 25th. Ifs Securities initiated coverage on shares of Wayfair in a research report on Friday, September 1st. They set an “outperform” rating and a $85.00 price objective for the company. Robert W. Baird reaffirmed a “hold” rating and set a $73.00 price objective on shares of Wayfair in a research report on Thursday, September 28th. Wedbush reissued an “outperform” rating and issued a $82.00 price target on shares of Wayfair in a research report on Wednesday, October 4th. Finally, Buckingham Research reissued a “buy” rating and issued a $95.00 price target on shares of Wayfair in a research report on Thursday, August 10th. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Wayfair currently has an average rating of “Buy” and an average target price of $77.51.

A number of large investors have recently modified their holdings of the stock. First Personal Financial Services lifted its position in Wayfair by 12.8% in the 2nd quarter. First Personal Financial Services now owns 2,792 shares of the company’s stock valued at $215,000 after purchasing an additional 317 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in Wayfair by 96.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock valued at $105,000 after purchasing an additional 667 shares during the last quarter. Pacer Advisors Inc. lifted its position in Wayfair by 18.9% in the 2nd quarter. Pacer Advisors Inc. now owns 4,903 shares of the company’s stock valued at $377,000 after purchasing an additional 779 shares during the last quarter. Ingalls & Snyder LLC lifted its position in Wayfair by 0.7% in the 2nd quarter. Ingalls & Snyder LLC now owns 114,751 shares of the company’s stock valued at $8,822,000 after purchasing an additional 825 shares during the last quarter. Finally, UBS Group AG lifted its position in Wayfair by 55.5% in the 1st quarter. UBS Group AG now owns 2,690 shares of the company’s stock valued at $109,000 after purchasing an additional 960 shares during the last quarter. Hedge funds and other institutional investors own 65.94% of the company’s stock.

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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