Wayfair Inc. (NYSE:W) CEO Sells $1,174,385.80 in Stock

Wayfair Inc. (NYSE:W - Get Free Report) CEO Niraj Shah sold 22,580 shares of the firm's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $52.01, for a total transaction of $1,174,385.80. Following the completion of the sale, the chief executive officer owned 416,557 shares of the company's stock, valued at $21,665,129.57. This trade represents a 5.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, July 1st, Niraj Shah sold 179,707 shares of Wayfair stock. The shares were sold at an average price of $52.58, for a total value of $9,448,994.06.
• On Friday, June 20th, Niraj Shah sold 30,000 shares of Wayfair stock. The stock was sold at an average price of $49.43, for a total value of $1,482,900.00.
• On Tuesday, May 27th, Niraj Shah sold 72,490 shares of Wayfair stock. The shares were sold at an average price of $40.39, for a total value of $2,927,871.10.
• On Wednesday, May 14th, Niraj Shah sold 2,258 shares of Wayfair stock. The stock was sold at an average price of $40.01, for a total transaction of $90,342.58.
• On Tuesday, May 13th, Niraj Shah sold 5,725 shares of Wayfair stock. The shares were sold at an average price of $40.10, for a total transaction of $229,572.50.
• On Monday, May 12th, Niraj Shah sold 9,527 shares of Wayfair stock. The stock was sold at an average price of $40.04, for a total transaction of $381,461.08.

Wayfair Trading Up 0.7%

NYSE W traded up $0.42 during trading hours on Friday, hitting $56.88. The company's stock had a trading volume of 3,314,876 shares, compared to its average volume of 4,836,296. Wayfair Inc. has a 52 week low of $20.41 and a 52 week high of $58.42. The company's 50-day simple moving average is $41.95 and its two-hundred day simple moving average is $40.15. The company has a market capitalization of $7.30 billion, a PE ratio of -19.96 and a beta of 2.97.

Wayfair (NYSE:W - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.14) by $0.24. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.71 billion. Wayfair's quarterly revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.32) EPS. Research analysts anticipate that Wayfair Inc. will post -2.54 EPS for the current fiscal year.

Institutional Investors Weigh In On Wayfair

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in W. True Wealth Design LLC raised its stake in Wayfair by 207.1% in the fourth quarter. True Wealth Design LLC now owns 565 shares of the company's stock valued at $25,000 after purchasing an additional 381 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Wayfair by 577.0% in the fourth quarter. Jones Financial Companies Lllp now owns 589 shares of the company's stock worth $26,000 after purchasing an additional 502 shares during the last quarter. J.Safra Asset Management Corp boosted its holdings in Wayfair by 71.3% during the 4th quarter. J.Safra Asset Management Corp now owns 586 shares of the company's stock valued at $26,000 after acquiring an additional 244 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in Wayfair in the fourth quarter valued at approximately $41,000. Finally, GAMMA Investing LLC boosted its stake in shares of Wayfair by 85.8% during the first quarter. GAMMA Investing LLC now owns 1,319 shares of the company's stock valued at $42,000 after purchasing an additional 609 shares during the period. 89.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Truist Financial set a $40.00 price target on shares of Wayfair in a report on Friday, May 2nd. UBS Group lowered their target price on Wayfair from $60.00 to $55.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Zelman & Associates started coverage on Wayfair in a report on Thursday, May 15th. They set an "outperform" rating for the company. Loop Capital reaffirmed a "sell" rating and issued a $35.00 price objective on shares of Wayfair in a report on Wednesday, May 14th. Finally, BMO Capital Markets set a $38.00 price objective on Wayfair in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Wayfair currently has an average rating of "Moderate Buy" and an average target price of $45.67.

Wayfair Company Profile

Wayfair Inc provides e-commerce business in the United States and internationally. The company offers approximately thirty million products for the home sector. It offers online selections of furniture, décor, housewares, and home improvement products through its sites consisting of Wayfair, Joss & Main, AllModern, Birch Lane, Perigold, and Wayfair Professional.