Wayfair Inc. (NYSE:W) CEO Sells $381,461.08 in Stock

Wayfair Inc. (NYSE:W - Get Free Report) CEO Niraj Shah sold 9,527 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $40.04, for a total value of $381,461.08. Following the completion of the transaction, the chief executive officer now directly owns 549,610 shares in the company, valued at $22,006,384.40. This trade represents a 1.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Wayfair Stock Performance

Shares of NYSE W opened at $38.12 on Thursday. Wayfair Inc. has a 1 year low of $20.41 and a 1 year high of $74.49. The firm's 50 day moving average price is $30.92 and its 200 day moving average price is $40.05. The firm has a market cap of $4.84 billion, a P/E ratio of -9.48 and a beta of 2.93.

Wayfair (NYSE:W - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.10 earnings per share (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 analyst estimates of $2.71 billion. During the same quarter last year, the business posted ($0.32) EPS. The firm's revenue was up .0% compared to the same quarter last year. As a group, equities analysts predict that Wayfair Inc. will post -2.54 EPS for the current year.

Institutional Trading of Wayfair

Hedge funds have recently bought and sold shares of the company. True Wealth Design LLC boosted its position 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 acquiring an additional 381 shares during the last quarter. J.Safra Asset Management Corp boosted its position in 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 acquiring an additional 244 shares during the last quarter. Jones Financial Companies Lllp boosted its position in 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 acquiring an additional 502 shares during the last quarter. GAMMA Investing LLC boosted its position in Wayfair by 65.5% during the fourth quarter. GAMMA Investing LLC now owns 710 shares of the company's stock worth $31,000 after acquiring an additional 281 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Wayfair during the fourth quarter worth approximately $41,000. Institutional investors and hedge funds own 89.67% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on W. Raymond James set a $60.00 target price on Wayfair and gave the company a "strong-buy" rating in a report on Friday, February 21st. JPMorgan Chase & Co. decreased their price objective on shares of Wayfair from $63.00 to $50.00 and set an "overweight" rating for the company in a research note on Monday, March 10th. Mizuho decreased their target price on shares of Wayfair from $60.00 to $50.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Needham & Company LLC reiterated a "buy" rating and set a $50.00 target price on shares of Wayfair in a research note on Thursday, May 1st. Finally, Piper Sandler set a $58.00 target price on shares of Wayfair and gave the stock an "overweight" rating in a research note on Friday, February 21st. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" 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.

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