Insider Selling: Wayfair Inc. (NYSE:W) CEO Sells 72,490 Shares of Stock

Wayfair Inc. (NYSE:W - Get Free Report) CEO Niraj Shah sold 72,490 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $40.39, for a total transaction of $2,927,871.10. Following the transaction, the chief executive officer now owns 469,137 shares of the company's stock, valued at approximately $18,948,443.43. This trade represents a 13.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 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 shares were sold at an average price of $40.04, for a total transaction of $381,461.08.

Wayfair Stock Performance

Shares of NYSE:W traded down $1.50 during midday trading on Friday, hitting $41.28. The company's stock had a trading volume of 4,275,649 shares, compared to its average volume of 4,770,546. The business's 50 day simple moving average is $32.29 and its 200 day simple moving average is $39.86. Wayfair Inc. has a 12-month low of $20.41 and a 12-month high of $62.43. The company has a market cap of $5.30 billion, a P/E ratio of -10.27 and a beta of 2.93.

Wayfair (NYSE:W - Get Free Report) last issued its 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 firm had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.71 billion. During the same period last year, the firm earned ($0.32) earnings per share. Wayfair's revenue for the quarter was up .0% on a year-over-year basis. On average, sell-side analysts predict that Wayfair Inc. will post -2.54 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Wayfair

Institutional investors and hedge funds have recently made changes to their positions in the stock. True Wealth Design LLC increased its stake in 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 during the period. J.Safra Asset Management Corp increased its position in shares of Wayfair by 71.3% in the 4th quarter. J.Safra Asset Management Corp now owns 586 shares of the company's stock valued at $26,000 after purchasing an additional 244 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Wayfair by 577.0% in the 4th quarter. Jones Financial Companies Lllp now owns 589 shares of the company's stock valued at $26,000 after purchasing an additional 502 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of Wayfair in the 4th quarter valued at approximately $41,000. Finally, GAMMA Investing LLC increased its position in shares of Wayfair by 85.8% in the 1st 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 last quarter. 89.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. UBS Group dropped their price objective on shares of Wayfair from $60.00 to $55.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Zelman & Associates assumed coverage on shares of Wayfair in a report on Thursday, May 15th. They issued an "outperform" rating on the stock. Bank of America upped their price objective on shares of Wayfair from $36.00 to $43.00 and gave the company a "neutral" rating in a report on Wednesday, May 14th. Citigroup increased their price target on shares of Wayfair from $30.00 to $32.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Wayfair from a "buy" rating to a "hold" rating and set a $25.00 price target on the stock. in a research report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Wayfair currently has an average rating of "Moderate Buy" and an average price target of $43.83.

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.