Wayfair Inc. (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 that occurred on Monday, October 16th. The stock was sold at an average price of $71.22, for a total value of $86,461.08. The sale was disclosed in a filing with the SEC, which is available through this link.

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 value 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 value 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 value 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 value 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 value 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 value 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 value 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 value 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 value 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 value of $3,775,500.00.

Wayfair Inc. (NYSE:W) opened at 67.76 on Wednesday. Wayfair Inc. has a 52 week low of $27.60 and a 52 week high of $84.19. The company has a 50-day moving average price of $73.29 and a 200 day moving average price of $66.57. The company’s market cap is $5.91 billion.

Wayfair (NYSE:W) last posted its quarterly 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 net margin of 5.10% and a negative return on equity of 335.44%. The company’s quarterly revenue was up 42.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.43) earnings per share. On average, equities research analysts forecast that Wayfair Inc. will post ($1.45) EPS for the current fiscal year.

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Several equities research analysts have weighed in on the company. Piper Jaffray Companies set a $87.00 price objective on Wayfair and gave the stock a “buy” rating in a research note on Saturday, July 1st. Buckingham Research reissued a “buy” rating and set a $95.00 price objective (up from $72.00) on shares of Wayfair in a research note on Thursday, July 13th. They noted that the move was a valuation call. DA Davidson assumed coverage on Wayfair in a research note on Wednesday, September 13th. They set a “neutral” rating and a $78.00 price objective on the stock. Oppenheimer Holdings, Inc. set a $88.00 price objective on Wayfair and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, Wedbush reissued a “buy” rating on shares of Wayfair in a research note on Wednesday, August 9th. Nine analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Wayfair currently has an average rating of “Buy” and an average target price of $77.07.

Large investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SA grew its stake in shares of Wayfair by 96.2% in the second quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock worth $105,000 after acquiring an additional 667 shares in the last quarter. UBS Group AG grew its stake in shares of Wayfair by 55.5% in the first quarter. UBS Group AG now owns 2,690 shares of the company’s stock worth $109,000 after acquiring an additional 960 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new position in shares of Wayfair in the first quarter worth $110,000. FNY Partners Fund LP grew its stake in shares of Wayfair by 2,900.0% in the first quarter. FNY Partners Fund LP now owns 3,000 shares of the company’s stock worth $121,000 after acquiring an additional 2,900 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of Wayfair in the first quarter worth $137,000. Institutional investors and hedge funds own 65.93% of the company’s stock.

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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