Insider Selling: Wayfair Inc (W) CEO Sells 26,000 Shares of Stock

Wayfair Inc (NYSE:W) CEO Niraj Shah sold 26,000 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $147.96, for a total value of $3,846,960.00. Following the completion of the sale, the chief executive officer now directly owns 26,000 shares in the company, valued at $3,846,960. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Tuesday, April 23rd, Niraj Shah sold 26,342 shares of Wayfair stock. The stock was sold at an average price of $146.78, for a total value of $3,866,478.76.
  • 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 value 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 value 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 value 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 value 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 value of $5,233,420.00.
  • On Monday, February 25th, Niraj Shah sold 31,000 shares of Wayfair stock. The shares were 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 shares were 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 shares were 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 shares were sold at an average price of $104.10, for a total value of $936,900.00.

Shares of NYSE W traded down $2.62 during trading on Friday, hitting $145.27. The company had a trading volume of 1,830,453 shares, compared to its average volume of 1,850,690. Wayfair Inc has a 12 month low of $76.60 and a 12 month high of $173.72. The company has a market capitalization of $13.47 billion, a P/E ratio of -25.89 and a beta of 2.02.

Wayfair (NYSE:W) last posted its quarterly earnings data on Thursday, May 2nd. The company reported ($1.62) EPS for the quarter, missing the consensus estimate of ($1.60) by ($0.02). The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter in the prior year, the business earned ($0.91) earnings per share. The firm’s revenue for the quarter was up 38.5% on a year-over-year basis. On average, analysts forecast that Wayfair Inc will post -8.39 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of W. Baillie Gifford & Co. raised its stake in shares of Wayfair by 32.6% in the fourth quarter. Baillie Gifford & Co. now owns 3,773,309 shares of the company’s stock worth $339,899,000 after buying an additional 927,813 shares during the period. William Blair Investment Management LLC raised its stake in shares of Wayfair by 494.4% in the first quarter. William Blair Investment Management LLC now owns 750,968 shares of the company’s stock worth $111,481,000 after buying an additional 624,622 shares during the period. Polar Capital LLP bought a new position in shares of Wayfair in the fourth quarter worth about $37,227,000. Whale Rock Capital Management LLC bought a new position in shares of Wayfair in the fourth quarter worth about $32,169,000. Finally, Vanguard Group Inc raised its stake in shares of Wayfair by 7.5% in the third quarter. Vanguard Group Inc now owns 4,761,964 shares of the company’s stock worth $703,199,000 after buying an additional 332,832 shares during the period. 79.85% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently commented on W. Zacks Investment Research cut Wayfair from a “hold” rating to a “sell” rating in a research report on Saturday. Berenberg Bank began coverage on Wayfair in a research report on Thursday. They set a “sell” rating and a $121.00 price objective on the stock. Wedbush dropped coverage on Wayfair in a research report on Friday, May 3rd. Stifel Nicolaus raised their target price on Wayfair from $132.00 to $150.00 and gave the stock a “hold” rating in a research report on Thursday, May 2nd. Finally, Gordon Haskett raised Wayfair from a “hold” rating to an “accumulate” rating in a research report on Thursday, March 21st. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the stock. Wayfair has an average rating of “Hold” and an average price target of $149.90.

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About Wayfair

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.

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

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