Wayfair Inc (NYSE:W) CEO Niraj Shah sold 5,000 shares of the business’s stock in a transaction on Wednesday, September 26th. The stock was sold at an average price of $142.08, for a total transaction of $710,400.00. Following the completion of the sale, the chief executive officer now owns 166,338 shares in the company, valued at approximately $23,633,303.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Monday, September 24th, Niraj Shah sold 21,000 shares of Wayfair stock. The stock was sold at an average price of $137.04, for a total transaction of $2,877,840.00.
  • On Monday, September 17th, Niraj Shah sold 1,168 shares of Wayfair stock. The stock was sold at an average price of $146.56, for a total transaction of $171,182.08.
  • On Monday, September 10th, Niraj Shah sold 21,000 shares of Wayfair stock. The stock was sold at an average price of $135.75, for a total transaction of $2,850,750.00.
  • On Tuesday, September 4th, Niraj Shah sold 21,000 shares of Wayfair stock. The stock was sold at an average price of $136.57, for a total transaction of $2,867,970.00.
  • On Monday, August 27th, Niraj Shah sold 17,000 shares of Wayfair stock. The stock was sold at an average price of $128.91, for a total transaction of $2,191,470.00.
  • On Monday, August 20th, Niraj Shah sold 17,000 shares of Wayfair stock. The stock was sold at an average price of $121.56, for a total transaction of $2,066,520.00.
  • On Monday, July 23rd, Niraj Shah sold 17,000 shares of Wayfair stock. The stock was sold at an average price of $127.06, for a total transaction of $2,160,020.00.
  • On Tuesday, July 17th, Niraj Shah sold 18,142 shares of Wayfair stock. The stock was sold at an average price of $121.08, for a total transaction of $2,196,633.36.
  • On Monday, July 9th, Niraj Shah sold 14,000 shares of Wayfair stock. The stock was sold at an average price of $120.00, for a total transaction of $1,680,000.00.
  • On Monday, July 2nd, Niraj Shah sold 14,000 shares of Wayfair stock. The stock was sold at an average price of $116.17, for a total transaction of $1,626,380.00.

Shares of W traded up $4.49 during trading hours on Thursday, reaching $146.21. 8,327 shares of the company traded hands, compared to its average volume of 1,298,993. The firm has a market capitalization of $12.66 billion, a P/E ratio of -52.17 and a beta of 1.52. Wayfair Inc has a 12-month low of $55.33 and a 12-month high of $151.20. The company has a current ratio of 0.89, a quick ratio of 0.86 and a debt-to-equity ratio of -2.47.

Wayfair (NYSE:W) last issued its earnings results on Thursday, August 2nd. The company reported ($0.77) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.73) by ($0.04). The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Wayfair had a negative net margin of 6.28% and a negative return on equity of 31,507.11%. The firm’s revenue for the quarter was up 47.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.26) earnings per share. analysts predict that Wayfair Inc will post -5.17 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of W. Engineers Gate Manager LP purchased a new stake in Wayfair in the second quarter worth about $208,000. Peregrine Asset Advisers Inc. purchased a new stake in Wayfair in the second quarter worth about $214,000. World Asset Management Inc purchased a new stake in Wayfair in the second quarter worth about $214,000. Comerica Bank purchased a new stake in Wayfair in the second quarter worth about $255,000. Finally, BB&T Securities LLC purchased a new stake in Wayfair in the second quarter worth about $298,000. 72.43% of the stock is owned by hedge funds and other institutional investors.

W has been the subject of several recent analyst reports. Bank of America lifted their price objective on shares of Wayfair from $95.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, June 27th. Canaccord Genuity lifted their price objective on shares of Wayfair from $95.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, June 25th. MKM Partners lifted their price objective on shares of Wayfair from $92.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, June 20th. Buckingham Research lifted their price objective on shares of Wayfair from $95.00 to $137.00 and gave the stock a “buy” rating in a research note on Wednesday, June 20th. Finally, Loop Capital lifted their price objective on shares of Wayfair to $140.00 and gave the stock a “buy” rating in a research note on Friday, June 29th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Wayfair currently has a consensus rating of “Hold” and an average price target of $123.69.

About Wayfair

Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. The company offers approximately 10 million products for the home sector under various brands. It offers a selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, such as Wayfair, Joss & Main, AllModern, DwellStudio, Perigold, and Birch Lane.

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