Wayfair Inc (W) CEO Sells $382,120.00 in Stock

Wayfair Inc (NYSE:W) CEO Niraj Shah sold 4,000 shares of the firm’s stock in a transaction on Monday, January 7th. The shares were sold at an average price of $95.53, for a total value of $382,120.00. Following the completion of the sale, the chief executive officer now owns 76,022 shares in the company, valued at $7,262,381.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

  • On Wednesday, January 2nd, Niraj Shah sold 1,000 shares of Wayfair stock. The shares were sold at an average price of $92.57, for a total value of $92,570.00.
  • On Thursday, December 27th, Niraj Shah sold 4,000 shares of Wayfair stock. The shares were sold at an average price of $92.06, for a total value of $368,240.00.
  • On Monday, December 17th, Niraj Shah sold 4,000 shares of Wayfair stock. The shares were sold at an average price of $95.80, for a total value of $383,200.00.
  • On Wednesday, December 12th, Niraj Shah sold 9,300 shares of Wayfair stock. The shares were sold at an average price of $106.83, for a total value of $993,519.00.
  • On Tuesday, November 27th, Niraj Shah sold 3,550 shares of Wayfair stock. The shares were sold at an average price of $93.02, for a total value of $330,221.00.
  • On Tuesday, November 13th, Niraj Shah sold 4,000 shares of Wayfair stock. The shares were sold at an average price of $92.75, for a total value of $371,000.00.
  • On Monday, November 5th, Niraj Shah sold 4,000 shares of Wayfair stock. The shares were sold at an average price of $95.01, for a total value of $380,040.00.
  • On Monday, October 29th, Niraj Shah sold 9,501 shares of Wayfair stock. The shares were sold at an average price of $106.96, for a total value of $1,016,226.96.
  • On Wednesday, October 31st, Niraj Shah sold 11,701 shares of Wayfair stock. The shares were sold at an average price of $107.95, for a total value of $1,263,122.95.
  • On Tuesday, October 16th, Niraj Shah sold 18,158 shares of Wayfair stock. The stock was sold at an average price of $120.41, for a total value of $2,186,404.78.

NYSE W opened at $99.23 on Friday. Wayfair Inc has a 52-week low of $60.53 and a 52-week high of $151.20. The stock has a market cap of $8.14 billion, a P/E ratio of -35.44 and a beta of 1.84.

Wayfair (NYSE:W) last released its quarterly earnings results on Thursday, November 1st. The company reported ($1.28) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.09) by ($0.19). The company had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the prior year, the company posted ($0.65) earnings per share. The firm’s revenue was up 42.4% on a year-over-year basis. As a group, analysts expect that Wayfair Inc will post -5.72 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. United Services Automobile Association boosted its holdings in Wayfair by 7.8% in the 2nd quarter. United Services Automobile Association now owns 6,685 shares of the company’s stock valued at $794,000 after purchasing an additional 483 shares in the last quarter. Teachers Advisors LLC boosted its holdings in Wayfair by 0.4% in the 3rd quarter. Teachers Advisors LLC now owns 158,455 shares of the company’s stock valued at $23,399,000 after purchasing an additional 691 shares in the last quarter. JS Capital Management LLC purchased a new stake in Wayfair in the 3rd quarter valued at approximately $103,000. Bank of Montreal Can boosted its holdings in Wayfair by 14.4% in the 3rd quarter. Bank of Montreal Can now owns 7,210 shares of the company’s stock valued at $1,065,000 after purchasing an additional 905 shares in the last quarter. Finally, Global X Management Co LLC boosted its holdings in Wayfair by 82.8% in the 2nd quarter. Global X Management Co LLC now owns 2,639 shares of the company’s stock valued at $313,000 after purchasing an additional 1,195 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently commented on W. Cowen lifted their target price on Wayfair from $120.00 to $130.00 and gave the stock a “positive” rating in a research report on Friday, December 7th. Canaccord Genuity cut their target price on Wayfair from $165.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, November 2nd. Bank of America cut Wayfair from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $130.00 to $160.00 in a research report on Thursday, September 13th. Piper Jaffray Companies set a $87.00 target price on Wayfair and gave the stock a “buy” rating in a research report on Thursday, December 20th. Finally, Morgan Stanley lifted their target price on Wayfair from $105.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 11th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Wayfair has a consensus rating of “Hold” and a consensus price target of $121.84.

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Wayfair Company Profile

Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. The company offers approximately 10 million products for the home sector under various brands. It offers a selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, such as Wayfair, Joss & Main, AllModern, DwellStudio, Perigold, and Birch Lane.

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