Niraj Shah Sells 30,000 Shares of Wayfair (NYSE:W) Stock

Wayfair Inc. (NYSE:WGet Free Report) CEO Niraj Shah sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $105.10, for a total transaction of $3,153,000.00. Following the completion of the transaction, the chief executive officer directly owned 139,137 shares of the company’s stock, valued at approximately $14,623,298.70. This represents a 17.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Thursday, October 23rd, Niraj Shah sold 120,000 shares of Wayfair stock. The stock was sold at an average price of $82.17, for a total transaction of $9,860,400.00.
  • On Monday, October 20th, Niraj Shah sold 85,000 shares of Wayfair stock. The stock was sold at an average price of $82.85, for a total transaction of $7,042,250.00.
  • On Monday, September 22nd, Niraj Shah sold 85,000 shares of Wayfair stock. The stock was sold at an average price of $86.79, for a total value of $7,377,150.00.
  • On Wednesday, August 20th, Niraj Shah sold 85,000 shares of Wayfair stock. The stock was sold at an average price of $80.07, for a total value of $6,805,950.00.
  • On Wednesday, August 13th, Niraj Shah sold 199,422 shares of Wayfair stock. The stock was sold at an average price of $78.40, for a total value of $15,634,684.80.
  • On Thursday, August 7th, Niraj Shah sold 17,742 shares of Wayfair stock. The stock was sold at an average price of $77.29, for a total value of $1,371,279.18.
  • On Wednesday, August 6th, Niraj Shah sold 7,836 shares of Wayfair stock. The stock was sold at an average price of $77.03, for a total value of $603,607.08.

Wayfair Price Performance

NYSE W opened at $102.58 on Friday. Wayfair Inc. has a 12 month low of $20.41 and a 12 month high of $108.72. The company has a 50-day moving average of $84.18 and a 200-day moving average of $61.62. The company has a market cap of $13.30 billion, a P/E ratio of -40.07 and a beta of 3.03.

Wayfair (NYSE:WGet Free Report) last released its earnings results on Tuesday, October 28th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.26. The company had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter in the previous year, the firm posted $0.22 earnings per share. Wayfair’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Wayfair Inc. will post -2.54 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. BMO Capital Markets set a $110.00 price target on shares of Wayfair and gave the company a “market perform” rating in a report on Wednesday. Cowen restated a “hold” rating on shares of Wayfair in a research note on Wednesday. Weiss Ratings restated a “sell (d-)” rating on shares of Wayfair in a research note on Wednesday, October 8th. Evercore ISI upped their price target on Wayfair from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Stifel Nicolaus set a $100.00 target price on Wayfair in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $102.04.

View Our Latest Report on W

Institutional Investors Weigh In On Wayfair

Several institutional investors and hedge funds have recently modified their holdings of W. GAMMA Investing LLC boosted its position in shares of Wayfair by 85.8% in the first quarter. GAMMA Investing LLC now owns 1,319 shares of the company’s stock worth $42,000 after buying an additional 609 shares during the period. Ameritas Advisory Services LLC lifted its position in Wayfair by 304.3% during the 1st quarter. Ameritas Advisory Services LLC now owns 20,916 shares of the company’s stock worth $672,000 after acquiring an additional 15,742 shares in the last quarter. Vontobel Holding Ltd. lifted its position in Wayfair by 182.7% during the 1st quarter. Vontobel Holding Ltd. now owns 33,717 shares of the company’s stock worth $1,080,000 after acquiring an additional 21,790 shares in the last quarter. Summit Trail Advisors LLC purchased a new stake in shares of Wayfair during the first quarter valued at approximately $320,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Wayfair during the first quarter valued at approximately $443,000. Hedge funds and other institutional investors own 89.67% of the company’s stock.

About Wayfair

(Get Free Report)

Wayfair Inc provides e-commerce business in the United States and internationally. The company offers approximately thirty million products for the home sector. It offers online selections of furniture, décor, housewares, and home improvement products through its sites consisting of Wayfair, Joss & Main, AllModern, Birch Lane, Perigold, and Wayfair Professional.

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Insider Buying and Selling by Quarter for Wayfair (NYSE:W)

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