Wayfair (W) CEO Sells $50,751.74 in Stock

Wayfair (NYSE:W) CEO Niraj Shah sold 754 shares of the stock in a transaction that occurred on Monday, April 16th. The stock was sold at an average price of $67.31, for a total transaction of $50,751.74. Following the transaction, the chief executive officer now directly owns 55,764 shares in the company, valued at approximately $3,753,474.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

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  • On Thursday, March 15th, Niraj Shah sold 762 shares of Wayfair stock. The stock was sold at an average price of $84.57, for a total transaction of $64,442.34.
  • On Tuesday, February 20th, Niraj Shah sold 2,769 shares of Wayfair stock. The stock was sold at an average price of $97.45, for a total transaction of $269,839.05.
  • On Monday, February 12th, Niraj Shah sold 2,000 shares of Wayfair stock. The stock was sold at an average price of $92.11, for a total transaction of $184,220.00.
  • On Wednesday, January 24th, Niraj Shah sold 2,000 shares of Wayfair stock. The stock was sold at an average price of $92.03, for a total transaction of $184,060.00.

W opened at $69.12 on Friday. Wayfair has a twelve month low of $42.70 and a twelve month high of $100.14. The company has a quick ratio of 1.07, a current ratio of 1.10 and a debt-to-equity ratio of -8.60.

Wayfair (NYSE:W) last released its quarterly earnings results on Thursday, February 22nd. The company reported ($0.83) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.79) by ($0.04). The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.36 billion. Wayfair had a negative net margin of 5.18% and a negative return on equity of 31,507.11%. Wayfair’s revenue for the quarter was up 46.2% on a year-over-year basis. During the same period in the previous year, the business posted ($0.34) earnings per share. sell-side analysts expect that Wayfair will post -3.69 EPS for the current fiscal year.

A number of research firms have weighed in on W. Loop Capital set a $87.00 price target on shares of Wayfair and gave the stock a “buy” rating in a research note on Monday, March 26th. Credit Suisse Group set a $76.00 price target on shares of Wayfair and gave the stock a “hold” rating in a research note on Friday, February 23rd. Piper Jaffray reaffirmed an “overweight” rating on shares of Wayfair in a research note on Friday, February 23rd. Stifel Nicolaus reissued a “hold” rating and issued a $90.00 price objective on shares of Wayfair in a research report on Thursday, February 22nd. Finally, Gordon Haskett lowered shares of Wayfair from a “buy” rating to an “accumulate” rating in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $85.90.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in W. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Wayfair by 52.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,803 shares of the company’s stock worth $145,000 after acquiring an additional 624 shares in the last quarter. Guggenheim Capital LLC grew its holdings in Wayfair by 7.3% during the 4th quarter. Guggenheim Capital LLC now owns 9,629 shares of the company’s stock worth $773,000 after acquiring an additional 654 shares in the last quarter. Advisor Group Inc. grew its holdings in Wayfair by 19.8% during the 4th quarter. Advisor Group Inc. now owns 4,023 shares of the company’s stock worth $323,000 after acquiring an additional 666 shares in the last quarter. Keybank National Association OH grew its holdings in Wayfair by 8.7% during the 4th quarter. Keybank National Association OH now owns 8,620 shares of the company’s stock worth $692,000 after acquiring an additional 690 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in Wayfair by 78.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,403 shares of the company’s stock worth $193,000 after acquiring an additional 1,056 shares in the last quarter. 71.14% of the stock is owned by institutional investors and hedge funds.

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Wayfair Company Profile

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.

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

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