Wayfair Inc. (NYSE:W) CEO Niraj Shah sold 811 shares of the company’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $39.80, for a total value of $32,277.80. Following the sale, the chief executive officer now owns 60,500 shares of the company’s stock, valued at $2,407,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Monday, September 19th, Niraj Shah sold 12,000 shares of Wayfair stock. The stock was sold at an average price of $41.36, for a total transaction of $496,320.00.
  • On Tuesday, September 6th, Niraj Shah sold 12,000 shares of Wayfair stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $40.72, for a total transaction of $488,640.00.

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

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

Hedge funds have recently bought and sold shares of the company. Samlyn Capital LLC acquired a new stake in Wayfair during the first quarter valued at $31,237,000. Goldman Sachs Group Inc. boosted its position in Wayfair by 23.4% in the first quarter. Goldman Sachs Group Inc. now owns 50,569 shares of the company’s stock worth $2,185,000 after buying an additional 9,595 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in Wayfair by 27.0% in the first quarter. TIAA CREF Investment Management LLC now owns 144,046 shares of the company’s stock worth $6,226,000 after buying an additional 30,651 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Wayfair by 4.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 555,160 shares of the company’s stock worth $23,994,000 after buying an additional 25,347 shares during the last quarter. Finally, Pacad Investment Ltd. purchased a new position in Wayfair during the first quarter worth about $1,035,000. 71.84% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently issued reports on W. Maxim Group set a $49.00 price target on shares of Wayfair and gave the stock a “buy” rating in a report on Tuesday, August 9th. Veritas Investment Research restated a “hold” rating on shares of Wayfair in a report on Friday, August 5th. Vetr downgraded Wayfair from a “strong-buy” rating to a “buy” rating and set a $48.00 price objective for the company. in a report on Wednesday, June 8th. Zacks Investment Research upgraded Wayfair from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Cowen and Company restated a “buy” rating and issued a $61.00 price objective on shares of Wayfair in a report on Tuesday, June 21st. Fourteen equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $51.49.

Wayfair Company Profile

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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