Wayfair Inc. (NYSE:W) CEO Niraj Shah sold 1,213 shares of Wayfair stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $76.35, for a total transaction of $92,612.55. Following the sale, the chief executive officer now owns 25,414 shares of the company’s stock, valued at $1,940,358.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Wednesday, November 15th, Niraj Shah sold 1,228 shares of Wayfair stock. The shares were sold at an average price of $64.00, for a total transaction of $78,592.00.
  • On Monday, October 16th, Niraj Shah sold 1,214 shares of Wayfair stock. The shares were sold at an average price of $71.22, for a total transaction of $86,461.08.

Shares of Wayfair Inc. (W) traded down $0.11 during trading on Thursday, reaching $81.58. 1,926,300 shares of the company were exchanged, compared to its average volume of 1,537,033. Wayfair Inc. has a one year low of $34.30 and a one year high of $84.19. The company has a quick ratio of 1.17, a current ratio of 1.19 and a debt-to-equity ratio of 135.98.

Wayfair (NYSE:W) last issued its quarterly earnings results on Thursday, November 2nd. The company reported ($0.65) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.03. Wayfair had a negative net margin of 5.06% and a negative return on equity of 658.45%. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the previous year, the firm earned ($0.54) earnings per share. The firm’s quarterly revenue was up 39.1% on a year-over-year basis. equities research analysts anticipate that Wayfair Inc. will post -2.64 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of W. BNP Paribas Arbitrage SA raised its holdings in Wayfair by 96.2% during the second quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock worth $105,000 after purchasing an additional 667 shares in the last quarter. First Mercantile Trust Co. acquired a new stake in Wayfair during the second quarter worth approximately $138,000. Delta Asset Management LLC TN raised its holdings in Wayfair by 375.0% during the third quarter. Delta Asset Management LLC TN now owns 1,900 shares of the company’s stock worth $128,000 after purchasing an additional 1,500 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in Wayfair by 1,512.5% during the third quarter. Advisors Asset Management Inc. now owns 2,322 shares of the company’s stock worth $157,000 after purchasing an additional 2,178 shares in the last quarter. Finally, CIBC Asset Management Inc acquired a new stake in Wayfair during the second quarter worth approximately $208,000. Institutional investors own 66.73% of the company’s stock.

A number of equities research analysts have weighed in on W shares. Credit Suisse Group dropped their price target on shares of Wayfair from $78.00 to $69.00 and set a “neutral” rating for the company in a research report on Friday, November 3rd. Ifs Securities assumed coverage on shares of Wayfair in a research report on Friday, September 1st. They set an “outperform” rating and a $85.00 price target for the company. Stifel Nicolaus raised shares of Wayfair from a “hold” rating to a “buy” rating and raised their price objective for the company from $75.00 to $78.00 in a research note on Friday, August 25th. Cowen reissued a “buy” rating and issued a $72.00 price objective (down previously from $82.00) on shares of Wayfair in a research note on Wednesday, November 1st. Finally, Robert W. Baird reissued a “hold” rating and issued a $73.00 price objective on shares of Wayfair in a research note on Thursday, September 28th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $76.22.

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About Wayfair

Wayfair Inc (Wayfair) offers browsing, merchandising and product discovery for a range of products from various suppliers. The Company operates through two segments: U.S. and International. The U.S. segment consists of amounts earned through product sales through the Company’s five sites in the United States and through sites operated by third parties in the United States.

Insider Buying and Selling by Quarter for Wayfair (NYSE:W)

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