Wayfair Inc (NYSE:W) CEO Niraj Shah sold 906 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $85.96, for a total value of $77,879.76. Following the completion of the sale, the chief executive officer now directly owns 26,701 shares in the company, valued at approximately $2,295,217.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Friday, December 15th, Niraj Shah sold 1,213 shares of Wayfair stock. The shares were sold at an average price of $76.35, for a total value of $92,612.55.
  • On Wednesday, November 15th, Niraj Shah sold 1,228 shares of Wayfair stock. The shares were sold at an average price of $64.00, for a total value of $78,592.00.

Shares of Wayfair Inc (NYSE:W) traded up $1.06 during mid-day trading on Wednesday, hitting $85.56. 979,278 shares of the company were exchanged, compared to its average volume of 1,400,000. The company has a current ratio of 1.19, a quick ratio of 1.17 and a debt-to-equity ratio of 135.98. The firm has a market capitalization of $7,510.00, a P/E ratio of -34.36 and a beta of 0.96. Wayfair Inc has a 12-month low of $35.36 and a 12-month high of $88.06.

Wayfair (NYSE:W) last issued its earnings results on Thursday, November 2nd. The company reported ($0.65) EPS for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.03. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.21 billion. Wayfair had a negative net margin of 5.06% and a negative return on equity of 658.45%. The company’s revenue was up 39.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.54) earnings per share. equities analysts expect that Wayfair Inc will post -2.78 earnings per share for the current fiscal year.

A number of research firms have recently weighed in on W. Zacks Investment Research lowered Wayfair from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Oppenheimer set a $88.00 price objective on Wayfair and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Wedbush reaffirmed an “outperform” rating and set a $82.00 price objective on shares of Wayfair in a research report on Wednesday, October 4th. Canaccord Genuity reaffirmed a “buy” rating and set a $90.00 price objective on shares of Wayfair in a research report on Thursday, November 2nd. Finally, Cowen reaffirmed a “buy” rating and set a $72.00 price objective (down previously from $82.00) on shares of Wayfair in a research report on Wednesday, November 1st. Twelve investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $77.64.

Several hedge funds have recently modified their holdings of W. Artisan Partners Limited Partnership acquired a new position in shares of Wayfair during the third quarter worth $81,855,000. Bank of New York Mellon Corp grew its stake in shares of Wayfair by 331.0% during the third quarter. Bank of New York Mellon Corp now owns 583,843 shares of the company’s stock worth $39,351,000 after purchasing an additional 448,390 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Wayfair by 16.3% during the second quarter. Vanguard Group Inc. now owns 3,028,832 shares of the company’s stock worth $232,857,000 after purchasing an additional 423,631 shares in the last quarter. Zevenbergen Capital Investments LLC grew its stake in shares of Wayfair by 542.6% during the third quarter. Zevenbergen Capital Investments LLC now owns 461,190 shares of the company’s stock worth $31,084,000 after purchasing an additional 389,420 shares in the last quarter. Finally, Lord Abbett & CO. LLC acquired a new position in shares of Wayfair during the second quarter worth $27,345,000. Hedge funds and other institutional investors own 66.97% of the company’s stock.

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About Wayfair

Wayfair Inc (Wayfair) offers browsing, merchandising and product discovery for a range of products from various suppliers. The Company operates through two segments: U.S. and International. The U.S. segment consists of amounts earned through product sales through the Company’s five sites in the United States and through sites operated by third parties in the United States.

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

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