Insider Selling: Wayfair Inc. (NYSE:W) CEO Sells 30,000 Shares of Stock

Wayfair Inc. (NYSE:W - Get Free Report) CEO Niraj Shah sold 30,000 shares of the company's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $49.43, for a total transaction of $1,482,900.00. Following the completion of the transaction, the chief executive officer now directly owns 439,137 shares in the company, valued at $21,706,541.91. This trade represents a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Tuesday, May 27th, Niraj Shah sold 72,490 shares of Wayfair stock. The stock was sold at an average price of $40.39, for a total transaction 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 stock was 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 Stock Down 1.0%

W traded down $0.50 during midday trading on Monday, reaching $48.96. 3,742,568 shares of the company's stock were exchanged, compared to its average volume of 4,797,944. The firm has a market capitalization of $6.28 billion, a price-to-earnings ratio of -17.18 and a beta of 2.94. Wayfair Inc. has a one year low of $20.41 and a one year high of $58.42. The business has a 50-day simple moving average of $37.45 and a two-hundred day simple moving average of $40.05.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus decreased their price target on shares of Wayfair from $46.00 to $29.00 and set a "hold" rating for the company in a report on Wednesday, April 23rd. Evercore ISI upped their price target on shares of Wayfair from $40.00 to $45.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. UBS Group decreased their price target on shares of Wayfair from $60.00 to $55.00 and set a "buy" rating for the company in a report on Monday, April 14th. JPMorgan Chase & Co. decreased their price target on shares of Wayfair from $63.00 to $50.00 and set an "overweight" rating for the company in a report on Monday, March 10th. Finally, Citigroup upped their price target on shares of Wayfair from $30.00 to $32.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Wayfair presently has an average rating of "Moderate Buy" and an average price target of $43.96.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. True Wealth Design LLC lifted its stake in Wayfair by 207.1% during the fourth quarter. True Wealth Design LLC now owns 565 shares of the company's stock worth $25,000 after purchasing an additional 381 shares during the period. J.Safra Asset Management Corp increased its holdings in shares of Wayfair by 71.3% during the fourth quarter. J.Safra Asset Management Corp now owns 586 shares of the company's stock worth $26,000 after buying an additional 244 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Wayfair by 577.0% during the fourth quarter. Jones Financial Companies Lllp now owns 589 shares of the company's stock worth $26,000 after buying an additional 502 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Wayfair during the fourth quarter worth approximately $41,000. Finally, Venturi Wealth Management LLC acquired a new stake in shares of Wayfair during the fourth quarter worth approximately $45,000. Institutional investors own 89.67% of the company's stock.

About Wayfair

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.

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