Wayfair Inc (W) CEO Niraj Shah Sells 5,000 Shares

Wayfair Inc (NYSE:W) CEO Niraj Shah sold 5,000 shares of the stock in a transaction dated Wednesday, September 26th. The stock was sold at an average price of $142.08, for a total value of $710,400.00. Following the completion of the sale, the chief executive officer now directly owns 166,338 shares of the company’s stock, valued at $23,633,303.04. The sale was disclosed in a filing with the SEC, which is available at this link.

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

  • 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 value 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 value 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 value 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 value 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 value 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 value 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 value 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 value of $2,196,633.36.
  • On Monday, July 9th, Niraj Shah sold 14,000 shares of Wayfair stock. The stock was sold at an average price of $120.00, for a total value of $1,680,000.00.
  • On Monday, July 2nd, Niraj Shah sold 14,000 shares of Wayfair stock. The stock was sold at an average price of $116.17, for a total value of $1,626,380.00.

Shares of NYSE W traded up $0.58 during mid-day trading on Wednesday, reaching $141.72. 747,500 shares of the company traded hands, compared to its average volume of 1,719,570. The company has a debt-to-equity ratio of -2.47, a quick ratio of 0.86 and a current ratio of 0.89. The firm has a market cap of $12.35 billion, a price-to-earnings ratio of -50.61 and a beta of 1.52. Wayfair Inc has a fifty-two week low of $55.33 and a fifty-two week high of $151.20.

Wayfair (NYSE:W) last issued its quarterly earnings data on Thursday, August 2nd. The company reported ($0.77) EPS for the quarter, missing the Zacks’ 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. Wayfair had a negative net margin of 6.28% and a negative return on equity of 31,507.11%. The business’s revenue was up 47.4% on a year-over-year basis. During the same period in the prior year, the company posted ($0.26) EPS. equities research analysts forecast that Wayfair Inc will post -5.17 earnings per share for the current year.

W has been the topic of several research reports. Loop Capital upped their target price on Wayfair to $140.00 and gave the stock a “buy” rating in a research report on Friday, June 29th. Bank of America upped their target price on Wayfair from $95.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, June 27th. Robert W. Baird upped their target price on Wayfair from $80.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 19th. Zacks Investment Research raised Wayfair from a “sell” rating to a “hold” rating in a research report on Saturday, June 30th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $150.00 target price (up from $96.00) on shares of Wayfair in a research report on Wednesday, June 27th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Wayfair currently has an average rating of “Hold” and a consensus price target of $121.50.

Several hedge funds and other institutional investors have recently modified their holdings of W. SG Americas Securities LLC increased its holdings in shares of Wayfair by 60.6% during the 1st quarter. SG Americas Securities LLC now owns 8,614 shares of the company’s stock valued at $582,000 after acquiring an additional 3,251 shares during the last quarter. Swiss National Bank increased its holdings in shares of Wayfair by 5.4% during the 1st quarter. Swiss National Bank now owns 68,900 shares of the company’s stock valued at $4,653,000 after acquiring an additional 3,500 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Wayfair by 16.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 150,061 shares of the company’s stock valued at $10,134,000 after acquiring an additional 21,342 shares during the last quarter. Aperio Group LLC increased its holdings in shares of Wayfair by 17.0% during the 1st quarter. Aperio Group LLC now owns 4,677 shares of the company’s stock valued at $316,000 after acquiring an additional 679 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Wayfair by 1.5% during the 1st quarter. Northern Trust Corp now owns 201,847 shares of the company’s stock valued at $13,630,000 after acquiring an additional 2,910 shares during the last quarter. 72.43% of the stock is currently owned by institutional investors and hedge funds.

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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