Wayfair Inc. (NYSE:W) CEO Sells $425,834.73 in Stock

Wayfair Inc. (NYSE:W - Get Free Report) CEO Niraj Shah sold 7,713 shares of Wayfair stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $55.21, for a total value of $425,834.73. Following the completion of the transaction, the chief executive officer directly owned 229,137 shares in the company, valued at approximately $12,650,653.77. This represents a 3.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, July 1st, Niraj Shah sold 179,707 shares of Wayfair stock. The stock was sold at an average price of $52.58, for a total value of $9,448,994.06.
• On Monday, June 30th, Niraj Shah sold 22,580 shares of Wayfair stock. The stock was sold at an average price of $52.01, for a total value of $1,174,385.80.
• On Friday, June 20th, Niraj Shah sold 30,000 shares of Wayfair stock. The shares were 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 shares were sold at an average price of $40.01, for a total value 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 value of $229,572.50.
• On Monday, May 12th, Niraj Shah sold 9,527 shares of Wayfair stock. The shares were sold at an average price of $40.04, for a total value of $381,461.08.

Wayfair Trading Down 1.5%

Wayfair stock traded down $0.80 during trading on Tuesday, hitting $54.23. 1,132,136 shares of the company were exchanged, compared to its average volume of 4,836,534. The company has a market capitalization of $6.96 billion, a P/E ratio of -19.03 and a beta of 2.97. The business's 50 day moving average is $42.98 and its 200 day moving average is $40.20. Wayfair Inc. has a 52 week low of $20.41 and a 52 week high of $58.42.

Wayfair (NYSE:W - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.14) by $0.24. The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.71 billion. The firm's revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter last year, the company earned ($0.32) EPS. Equities analysts expect that Wayfair Inc. will post -2.54 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. dropped their price target on Wayfair from $63.00 to $50.00 and set an "overweight" rating on the stock in a research note on Monday, March 10th. Jefferies Financial Group reissued a "buy" rating on shares of Wayfair in a research note on Tuesday, July 1st. Royal Bank Of Canada reissued a "sector perform" rating and issued a $25.00 price target on shares of Wayfair in a research note on Friday, April 25th. Piper Sandler reaffirmed an "overweight" rating and set a $61.00 target price (up from $46.00) on shares of Wayfair in a research report on Friday, June 13th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $50.00 target price on shares of Wayfair in a research report on Thursday, May 1st. One analyst has rated the stock with a sell rating, twelve have given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $45.67.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. True Wealth Design LLC grew its stake in shares of Wayfair by 207.1% during the 4th quarter. True Wealth Design LLC now owns 565 shares of the company's stock worth $25,000 after acquiring an additional 381 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Wayfair by 577.0% during the 4th quarter. Jones Financial Companies Lllp now owns 589 shares of the company's stock worth $26,000 after acquiring an additional 502 shares during the period. Aster Capital Management DIFC Ltd bought a new position in shares of Wayfair during the 4th quarter worth $41,000. GAMMA Investing LLC grew its stake in shares of Wayfair by 85.8% during the 1st quarter. GAMMA Investing LLC now owns 1,319 shares of the company's stock worth $42,000 after acquiring an additional 609 shares during the period. Finally, Parallel Advisors LLC grew its stake in shares of Wayfair by 229.0% during the 2nd quarter. Parallel Advisors LLC now owns 1,576 shares of the company's stock worth $81,000 after acquiring an additional 1,097 shares during the period. Institutional investors own 89.67% of the company's stock.

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.