Wayfair Inc (NYSE:W) CEO Niraj Shah sold 31,000 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $167.32, for a total value of $5,186,920.00. Following the completion of the transaction, the chief executive officer now directly owns 84,880 shares in the company, valued at approximately $14,202,121.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Monday, March 11th, Niraj Shah sold 31,000 shares of Wayfair stock. The stock was sold at an average price of $168.82, for a total value of $5,233,420.00.
  • On Monday, February 25th, Niraj Shah sold 31,000 shares of Wayfair stock. The stock was sold at an average price of $159.36, for a total value of $4,940,160.00.
  • On Tuesday, February 19th, Niraj Shah sold 17,000 shares of Wayfair stock. The stock was sold at an average price of $123.10, for a total value of $2,092,700.00.
  • On Monday, February 11th, Niraj Shah sold 14,000 shares of Wayfair stock. The stock was sold at an average price of $119.56, for a total value of $1,673,840.00.
  • On Monday, January 28th, Niraj Shah sold 9,000 shares of Wayfair stock. The stock was sold at an average price of $104.10, for a total value of $936,900.00.
  • On Monday, January 7th, Niraj Shah sold 4,000 shares of Wayfair stock. The stock was sold at an average price of $95.53, for a total value of $382,120.00.
  • On Wednesday, January 2nd, Niraj Shah sold 1,000 shares of Wayfair stock. The stock was 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 stock was sold at an average price of $92.06, for a total value of $368,240.00.

NYSE:W traded down $0.84 during mid-day trading on Thursday, hitting $170.30. The company had a trading volume of 576,930 shares, compared to its average volume of 3,083,395. Wayfair Inc has a fifty-two week low of $60.53 and a fifty-two week high of $173.00. The firm has a market capitalization of $15.21 billion, a price-to-earnings ratio of -30.36 and a beta of 2.06.

Wayfair (NYSE:W) last released its earnings results on Friday, February 22nd. The company reported ($1.12) earnings per share for the quarter, beating the consensus estimate of ($1.80) by $0.68. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same period in the previous year, the company posted ($0.58) EPS. The company’s quarterly revenue was up 40.0% compared to the same quarter last year. As a group, sell-side analysts expect that Wayfair Inc will post -7.82 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its holdings in shares of Wayfair by 15.3% in the fourth quarter. Geode Capital Management LLC now owns 592,170 shares of the company’s stock worth $53,308,000 after acquiring an additional 78,626 shares in the last quarter. Norges Bank bought a new stake in shares of Wayfair in the fourth quarter worth about $29,209,000. FMR LLC increased its holdings in shares of Wayfair by 3.6% in the fourth quarter. FMR LLC now owns 9,270,616 shares of the company’s stock worth $835,097,000 after acquiring an additional 321,496 shares in the last quarter. Nordea Investment Management AB bought a new stake in shares of Wayfair in the fourth quarter worth about $267,000. Finally, UBS Oconnor LLC bought a new stake in shares of Wayfair in the fourth quarter worth about $11,485,000. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have commented on the company. Gordon Haskett raised Wayfair from a “hold” rating to an “accumulate” rating in a research note on Thursday. Loop Capital upped their price target on Wayfair to $195.00 and gave the company a “positive” rating in a research note on Tuesday, March 12th. Zacks Investment Research lowered Wayfair from a “hold” rating to a “sell” rating in a research note on Saturday, March 2nd. Evercore ISI assumed coverage on Wayfair in a research note on Wednesday. They set an “outperform” rating and a $200.00 price target on the stock. Finally, Bank of America reaffirmed a “neutral” rating and set a $175.00 price target (up previously from $163.00) on shares of Wayfair in a research note on Friday, March 1st. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $144.63.

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

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