Wayfair Inc. (NYSE:W) CEO Niraj Shah Sells 17,742 Shares

Key Points

• Wayfair CEO Niraj Shah sold 17,742 shares of the company at an average price of $77.29, totaling approximately $1.37 million, resulting in an 11% decrease in his ownership.
• The company's shares have experienced a twelve-month range, with a low of $20.41 and a high of $78.06, currently trading around $72.29.
• Wayfair reported $0.87 EPS for the last quarter, exceeding estimates, with revenues of $3.27 billion, up 5% from the previous year.

Wayfair Inc. (NYSE:W - Get Free Report) CEO Niraj Shah sold 17,742 shares of the business's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $77.29, for a total transaction of $1,371,279.18. Following the transaction, the chief executive officer owned 143,559 shares of the company's stock, valued at $11,095,675.11. This trade represents a 11.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, August 6th, Niraj Shah sold 7,836 shares of Wayfair stock. The stock was sold at an average price of $77.03, for a total transaction of $603,607.08.
• On Monday, July 21st, Niraj Shah sold 60,000 shares of Wayfair stock. The shares were sold at an average price of $56.03, for a total transaction of $3,361,800.00.
• On Wednesday, July 2nd, Niraj Shah sold 7,713 shares of Wayfair stock. The stock was sold at an average price of $55.21, for a total transaction of $425,834.73.
• 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 transaction 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 transaction of $1,174,385.80.
• 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 transaction 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 transaction 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 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 Up 3.9%

Shares of NYSE:W traded up $2.82 during midday trading on Tuesday, hitting $74.58. The stock had a trading volume of 1,677,017 shares, compared to its average volume of 5,126,843. Wayfair Inc. has a 12 month low of $20.41 and a 12 month high of $78.06. The business's 50-day simple moving average is $56.50 and its 200-day simple moving average is $43.36. The company has a market cap of $9.67 billion, a P/E ratio of -31.07 and a beta of 2.92.

Wayfair (NYSE:W - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.54. The business had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same period in the prior year, the business earned $0.47 EPS. The company's revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, equities analysts predict that Wayfair Inc. will post -2.54 earnings per share for the current year.

Analyst Ratings Changes

W has been the subject of a number of analyst reports. Truist Financial set a $40.00 target price on shares of Wayfair in a research note on Friday, May 2nd. Wall Street Zen raised shares of Wayfair from a "hold" rating to a "buy" rating in a report on Saturday. Morgan Stanley reiterated an "overweight" rating and set a $70.00 price target (up from $50.00) on shares of Wayfair in a research note on Wednesday, July 2nd. Sanford C. Bernstein restated a "market perform" rating and set a $70.00 target price (up from $50.00) on shares of Wayfair in a research report on Tuesday, August 5th. Finally, UBS Group increased their price target on shares of Wayfair from $80.00 to $91.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Wayfair currently has an average rating of "Moderate Buy" and a consensus target price of $65.96.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of W. True Wealth Design LLC boosted its holdings 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 buying an additional 381 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Wayfair during the 4th quarter worth approximately $41,000. GAMMA Investing LLC boosted its holdings 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 buying an additional 609 shares in the last quarter. Parallel Advisors LLC boosted its holdings 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 buying an additional 1,097 shares in the last quarter. Finally, IFP Advisors Inc boosted its holdings in shares of Wayfair by 49.3% during the 2nd quarter. IFP Advisors Inc now owns 1,869 shares of the company's stock worth $96,000 after buying an additional 617 shares in the last quarter. 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.