Niraj Shah Sells 26,000 Shares of Wayfair Inc (W) Stock

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Wayfair Inc (NYSE:W) CEO Niraj Shah sold 26,000 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $147.96, for a total transaction of $3,846,960.00. Following the transaction, the chief executive officer now owns 26,000 shares in the company, valued at approximately $3,846,960. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Monday, April 8th, Niraj Shah sold 26,128 shares of Wayfair stock. The shares were sold at an average price of $150.20, for a total transaction of $3,924,425.60.
  • On Wednesday, April 3rd, Niraj Shah sold 5,000 shares of Wayfair stock. The shares were sold at an average price of $154.03, for a total transaction of $770,150.00.
  • On Monday, April 1st, Niraj Shah sold 26,000 shares of Wayfair stock. The shares were sold at an average price of $148.67, for a total transaction of $3,865,420.00.
  • On Monday, March 18th, Niraj Shah sold 31,000 shares of Wayfair stock. The shares were sold at an average price of $167.32, for a total transaction of $5,186,920.00.
  • On Monday, March 11th, Niraj Shah sold 31,000 shares of Wayfair stock. The shares were sold at an average price of $168.82, for a total transaction 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 transaction 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 transaction 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 transaction 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 transaction of $936,900.00.

Shares of NYSE W traded down $3.78 during midday trading on Wednesday, reaching $145.75. The stock had a trading volume of 1,222,557 shares, compared to its average volume of 2,053,984. The stock has a market cap of $13.62 billion, a PE ratio of -25.98 and a beta of 2.03. Wayfair Inc has a 12-month low of $60.53 and a 12-month high of $173.72.

Wayfair (NYSE:W) last announced its quarterly earnings data on Friday, February 22nd. The company reported ($1.12) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.80) by $0.68. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.97 billion. The business’s revenue for the quarter was up 40.0% on a year-over-year basis. During the same period last year, the company earned ($0.58) earnings per share. On average, sell-side analysts expect that Wayfair Inc will post -7.81 earnings per share for the current fiscal year.

Several research analysts have weighed in on W shares. Deutsche Bank started coverage on shares of Wayfair in a research report on Tuesday, January 29th. They issued a “buy” rating and a $124.00 price target on the stock. Bank of America reiterated a “neutral” rating and issued a $175.00 price target (up from $163.00) on shares of Wayfair in a research report on Friday, March 1st. Gordon Haskett upgraded shares of Wayfair from a “hold” rating to an “accumulate” rating in a research report on Thursday, March 21st. Credit Suisse Group upgraded shares of Wayfair from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $117.00 to $130.00 in a research report on Monday, January 28th. Finally, Piper Jaffray Companies set a $87.00 price target on shares of Wayfair and gave the stock a “buy” rating in a research report on Thursday, December 20th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Wayfair has an average rating of “Hold” and an average target price of $144.63.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Flagship Harbor Advisors LLC increased its stake in shares of Wayfair by 150.5% in the first quarter. Flagship Harbor Advisors LLC now owns 932 shares of the company’s stock worth $138,000 after purchasing an additional 560 shares in the last quarter. Sciencast Management LP purchased a new stake in shares of Wayfair in the first quarter worth $381,000. Virtu Financial LLC increased its stake in shares of Wayfair by 218.2% in the first quarter. Virtu Financial LLC now owns 9,133 shares of the company’s stock worth $1,356,000 after purchasing an additional 6,263 shares in the last quarter. Geode Capital Management LLC increased its stake 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 purchasing an additional 78,626 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Wayfair in the fourth quarter worth $29,209,000. 80.81% of the stock is owned by hedge funds and other institutional investors.

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Wayfair Company Profile

Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. It provides approximately 14 million products for the home sector under various brands. The company offers selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold.

Further Reading: What Is An Exchange-Traded Fund (ETF)?

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

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