Wayfair Inc (NYSE:W) CEO Niraj Shah sold 17,600 shares of the firm’s stock in a transaction that occurred on Monday, October 8th. The stock was sold at an average price of $131.10, for a total transaction of $2,307,360.00. Following the sale, the chief executive officer now owns 112,638 shares in the company, valued at $14,766,841.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

  • On Monday, October 1st, Niraj Shah sold 26,000 shares of Wayfair stock. The stock was sold at an average price of $144.18, for a total transaction of $3,748,680.00.
  • On Wednesday, September 26th, Niraj Shah sold 5,000 shares of Wayfair stock. The stock was sold at an average price of $142.08, for a total transaction of $710,400.00.
  • On Monday, September 24th, Niraj Shah sold 21,000 shares of Wayfair stock. The stock was sold at an average price of $137.04, for a total transaction of $2,877,840.00.
  • On Monday, September 17th, Niraj Shah sold 1,168 shares of Wayfair stock. The stock was sold at an average price of $146.56, for a total transaction of $171,182.08.
  • On Monday, September 10th, Niraj Shah sold 21,000 shares of Wayfair stock. The stock was sold at an average price of $135.75, for a total transaction of $2,850,750.00.
  • On Tuesday, September 4th, Niraj Shah sold 21,000 shares of Wayfair stock. The stock was sold at an average price of $136.57, for a total transaction of $2,867,970.00.
  • On Monday, August 27th, Niraj Shah sold 17,000 shares of Wayfair stock. The stock was sold at an average price of $128.91, for a total transaction of $2,191,470.00.
  • On Monday, August 20th, Niraj Shah sold 17,000 shares of Wayfair stock. The stock was sold at an average price of $121.56, for a total transaction of $2,066,520.00.
  • On Monday, July 23rd, Niraj Shah sold 17,000 shares of Wayfair stock. The stock was sold at an average price of $127.06, for a total transaction of $2,160,020.00.
  • On Tuesday, July 17th, Niraj Shah sold 18,142 shares of Wayfair stock. The stock was sold at an average price of $121.08, for a total transaction of $2,196,633.36.

Shares of W opened at $122.67 on Friday. Wayfair Inc has a twelve month low of $55.33 and a twelve month high of $151.20. The company has a debt-to-equity ratio of -2.47, a current ratio of 0.89 and a quick ratio of 0.86. The company has a market cap of $13.24 billion, a PE ratio of -43.35 and a beta of 1.51.

Wayfair (NYSE:W) last released its earnings results on Thursday, August 2nd. The company reported ($0.77) earnings per share for the quarter, missing the consensus estimate of ($0.73) by ($0.04). The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same period in the previous year, the company earned ($0.26) earnings per share. The company’s quarterly revenue was up 47.4% compared to the same quarter last year. As a group, sell-side analysts expect that Wayfair Inc will post -5.17 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in W. Schwab Charles Investment Management Inc. grew its stake in shares of Wayfair by 16.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 150,061 shares of the company’s stock valued at $10,134,000 after buying an additional 21,342 shares in the last quarter. Aperio Group LLC grew its stake in shares of Wayfair by 17.0% in the first quarter. Aperio Group LLC now owns 4,677 shares of the company’s stock valued at $316,000 after buying an additional 679 shares in the last quarter. Northern Trust Corp grew its stake in shares of Wayfair by 1.5% in the first quarter. Northern Trust Corp now owns 201,847 shares of the company’s stock valued at $13,630,000 after buying an additional 2,910 shares in the last quarter. UBS Group AG grew its stake in shares of Wayfair by 81.7% in the first quarter. UBS Group AG now owns 3,927 shares of the company’s stock valued at $265,000 after buying an additional 1,766 shares in the last quarter. Finally, A.R.T. Advisors LLC bought a new position in shares of Wayfair in the first quarter valued at $1,605,000. 72.43% of the stock is owned by institutional investors and hedge funds.

W has been the topic of several research analyst reports. Bank of America downgraded shares of Wayfair from a “buy” rating to a “neutral” rating and raised their target price for the stock from $130.00 to $160.00 in a report on Thursday, September 13th. Wells Fargo & Co initiated coverage on shares of Wayfair in a research note on Wednesday, September 12th. They set a “market perform” rating and a $150.00 price target for the company. Zacks Investment Research raised shares of Wayfair from a “sell” rating to a “hold” rating in a research note on Wednesday, August 8th. Morgan Stanley set a $105.00 price target on shares of Wayfair and gave the stock a “hold” rating in a research note on Tuesday, August 7th. Finally, Loop Capital set a $155.00 price target on shares of Wayfair and gave the stock a “buy” rating in a research note on Monday, September 10th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Wayfair presently has a consensus rating of “Hold” and a consensus price target of $126.81.

About Wayfair

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

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