Wayfair Inc. (NYSE:W) CEO Niraj Shah sold 12,000 shares of the business’s stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $41.36, for a total transaction of $496,320.00. Following the completion of the transaction, the chief executive officer now owns 47,689 shares in the company, valued at $1,972,417.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Thursday, September 15th, Niraj Shah sold 811 shares of Wayfair stock. The shares were sold at an average price of $39.80, for a total transaction of $32,277.80.
  • On Tuesday, September 6th, Niraj Shah sold 12,000 shares of Wayfair stock. The shares were sold at an average price of $40.05, for a total transaction of $480,600.00.
  • On Monday, August 8th, Niraj Shah sold 12,000 shares of Wayfair stock. The shares were sold at an average price of $47.85, for a total transaction of $574,200.00.
  • On Monday, August 1st, Niraj Shah sold 12,000 shares of Wayfair stock. The shares were sold at an average price of $44.49, for a total transaction of $533,880.00.
  • On Monday, July 25th, Niraj Shah sold 1,997 shares of Wayfair stock. The shares were sold at an average price of $40.10, for a total transaction of $80,079.70.
  • On Tuesday, July 26th, Niraj Shah sold 12,000 shares of Wayfair stock. The shares were sold at an average price of $40.44, for a total transaction of $485,280.00.
  • On Monday, July 18th, Niraj Shah sold 12,000 shares of Wayfair stock. The shares were sold at an average price of $40.38, for a total transaction of $484,560.00.
  • On Monday, July 11th, Niraj Shah sold 12,000 shares of Wayfair stock. The shares were sold at an average price of $40.72, for a total transaction of $488,640.00.

Shares of Wayfair Inc. (NYSE:W) opened at 42.81 on Friday. The company’s market cap is $3.64 billion. The stock’s 50 day moving average is $40.02 and its 200 day moving average is $40.41. Wayfair Inc. has a 12 month low of $28.85 and a 12 month high of $50.00.

Wayfair (NYSE:W) last announced its quarterly earnings results on Tuesday, August 9th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.41) by $0.02. The company had revenue of $755.70 million for the quarter, compared to the consensus estimate of $782.43 million. Wayfair had a negative net margin of 4.20% and a negative return on equity of 56.95%. The company’s revenue for the quarter was up 60.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.15) earnings per share. On average, analysts anticipate that Wayfair Inc. will post ($1.67) EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of the company. BlackRock Inc. increased its stake in Wayfair by 70.0% in the second quarter. BlackRock Inc. now owns 2,689 shares of the company’s stock valued at $105,000 after buying an additional 1,107 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new stake in Wayfair during the second quarter valued at approximately $107,000. Legal & General Group Plc increased its stake in Wayfair by 46.8% in the first quarter. Legal & General Group Plc now owns 2,957 shares of the company’s stock valued at $124,000 after buying an additional 943 shares in the last quarter. Teacher Retirement System of Texas increased its stake in Wayfair by 42.4% in the second quarter. Teacher Retirement System of Texas now owns 3,905 shares of the company’s stock valued at $152,000 after buying an additional 1,163 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in Wayfair during the first quarter valued at approximately $291,000. Institutional investors and hedge funds own 71.84% of the company’s stock.

W has been the topic of a number of research reports. Goldman Sachs Group Inc. lowered shares of Wayfair from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $46.00 to $43.00 in a research report on Wednesday, August 10th. Veritas Investment Research reiterated a “hold” rating on shares of Wayfair in a research report on Friday, August 5th. Zacks Investment Research lowered shares of Wayfair from a “buy” rating to a “sell” rating in a research report on Saturday, August 13th. Pacific Crest reiterated an “equal weight” rating on shares of Wayfair in a research report on Sunday, August 14th. Finally, Maxim Group initiated coverage on shares of Wayfair in a research report on Thursday, May 26th. They set a “buy” rating and a $50.00 target price on the stock. Fourteen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $51.49.

About Wayfair

Wayfair Inc (Wayfair) offers browsing, merchandising, product discovery and prices for a range of products from suppliers across various brands, including Wayfair.com, Joss & Main, AllModern, DwellStudio and Birch Lane. The Company offers a range of furniture, home furnishings, decor and goods. Wayfair produces editorial content both in-house and through third parties.

5 Day Chart for NYSE:W

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