Niraj Shah Sells 18,158 Shares of Wayfair Inc (W) Stock

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Wayfair Inc (NYSE:W) CEO Niraj Shah sold 18,158 shares of the stock in a transaction that occurred on Tuesday, October 16th. The stock was sold at an average price of $120.41, for a total transaction of $2,186,404.78. Following the sale, the chief executive officer now owns 99,939 shares in the company, valued at approximately $12,033,654.99. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

  • On Monday, October 8th, Niraj Shah sold 17,600 shares of Wayfair stock. The stock was sold at an average price of $131.10, for a total transaction of $2,307,360.00.
  • 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $127.06, for a total transaction of $2,160,020.00.

W stock opened at $122.53 on Friday. The firm has a market cap of $11.18 billion, a PE ratio of -44.96 and a beta of 1.51. Wayfair Inc has a 52-week low of $55.33 and a 52-week high of $151.20. The company has a quick ratio of 0.86, a current ratio of 0.89 and a debt-to-equity ratio of -2.47.

Wayfair (NYSE:W) last posted its quarterly earnings data on Thursday, August 2nd. The company reported ($0.77) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.73) by ($0.04). The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same period in the previous year, the business posted ($0.26) EPS. The firm’s revenue for the quarter was up 47.4% compared to the same quarter last year. On average, research analysts predict that Wayfair Inc will post -5.17 EPS for the current year.

Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of Wayfair from a “sell” rating to a “hold” rating in a research note on Saturday, June 30th. Robert W. Baird increased their price objective on shares of Wayfair to $118.00 and gave the company a “neutral” rating in a research note on Friday, August 3rd. Gordon Haskett downgraded shares of Wayfair from an “accumulate” rating to a “hold” rating in a research note on Wednesday, July 25th. Canaccord Genuity reaffirmed a “buy” rating and set a $140.00 price target (up previously from $135.00) on shares of Wayfair in a research note on Thursday, August 2nd. Finally, Morgan Stanley set a $105.00 price target on shares of Wayfair and gave the company a “hold” rating in a research note on Tuesday, August 7th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Wayfair presently has an average rating of “Hold” and a consensus price target of $126.81.

Several institutional investors and hedge funds have recently bought and sold shares of the company. United Services Automobile Association increased its position in shares of Wayfair by 7.8% during the second quarter. United Services Automobile Association now owns 6,685 shares of the company’s stock worth $794,000 after buying an additional 483 shares during the period. Public Employees Retirement Association of Colorado grew its holdings in Wayfair by 8.5% in the second quarter. Public Employees Retirement Association of Colorado now owns 7,976 shares of the company’s stock worth $947,000 after purchasing an additional 625 shares during the period. Itau Unibanco Holding S.A. grew its holdings in Wayfair by 21.7% in the second quarter. Itau Unibanco Holding S.A. now owns 4,610 shares of the company’s stock worth $546,000 after purchasing an additional 822 shares during the period. Bank of Montreal Can grew its holdings in Wayfair by 14.4% in the third quarter. Bank of Montreal Can now owns 7,210 shares of the company’s stock worth $1,065,000 after purchasing an additional 905 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Wayfair by 43.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,318 shares of the company’s stock worth $394,000 after purchasing an additional 1,002 shares during the period. Institutional investors own 72.43% of the company’s stock.

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.

See Also: Inflation

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

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