Insider Selling: Wayfair Inc (W) CEO Sells 14,000 Shares of Stock

Wayfair Inc (NYSE:W) CEO Niraj Shah sold 14,000 shares of Wayfair stock in a transaction on Monday, February 11th. The stock was sold at an average price of $119.56, for a total transaction of $1,673,840.00. Following the sale, the chief executive officer now owns 27,280 shares in the company, valued at $3,261,596.80. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

  • On Monday, January 28th, Niraj Shah sold 9,000 shares of Wayfair stock. The stock was sold at an average price of $104.10, for a total transaction of $936,900.00.
  • On Monday, January 7th, Niraj Shah sold 4,000 shares of Wayfair stock. The stock was sold at an average price of $95.53, for a total transaction of $382,120.00.
  • On Wednesday, January 2nd, Niraj Shah sold 1,000 shares of Wayfair stock. The stock was sold at an average price of $92.57, for a total transaction of $92,570.00.
  • On Thursday, December 27th, Niraj Shah sold 4,000 shares of Wayfair stock. The stock was sold at an average price of $92.06, for a total transaction of $368,240.00.
  • On Monday, December 17th, Niraj Shah sold 4,000 shares of Wayfair stock. The stock was sold at an average price of $95.80, for a total transaction of $383,200.00.
  • On Wednesday, December 12th, Niraj Shah sold 9,300 shares of Wayfair stock. The stock was sold at an average price of $106.83, for a total transaction of $993,519.00.
  • On Tuesday, November 27th, Niraj Shah sold 3,550 shares of Wayfair stock. The stock was sold at an average price of $93.02, for a total transaction of $330,221.00.

Wayfair stock traded down $1.15 during midday trading on Wednesday, hitting $119.77. 1,945,000 shares of the company’s stock were exchanged, compared to its average volume of 1,613,517. Wayfair Inc has a 12-month low of $60.53 and a 12-month high of $151.20. The company has a market capitalization of $10.73 billion, a P/E ratio of -42.78 and a beta of 1.89.

Institutional investors have recently modified their holdings of the business. LS Investment Advisors LLC purchased a new stake in shares of Wayfair in the fourth quarter valued at about $60,000. JS Capital Management LLC purchased a new stake in shares of Wayfair in the third quarter valued at about $103,000. Wedbush Securities Inc. purchased a new stake in shares of Wayfair in the third quarter valued at about $207,000. First Republic Investment Management Inc. purchased a new stake in shares of Wayfair in the third quarter valued at about $215,000. Finally, Enlightenment Research LLC purchased a new stake in shares of Wayfair in the fourth quarter valued at about $144,000. 72.05% of the stock is currently owned by institutional investors.

Several equities research analysts recently commented on W shares. Wolfe Research cut their price target on shares of Wayfair from $143.00 to $135.00 and set an “outperform” rating on the stock in a research note on Friday, November 2nd. Robert W. Baird cut their price target on shares of Wayfair from $118.00 to $108.00 and set a “neutral” rating on the stock in a research note on Friday, November 2nd. Credit Suisse Group upgraded shares of Wayfair from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $117.00 to $130.00 in a research note on Monday, January 28th. Zacks Investment Research raised shares of Wayfair from a “sell” rating to a “buy” rating and set a $101.00 price objective on the stock in a research report on Monday, January 7th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Wayfair from $115.00 to $110.00 and set a “neutral” rating on the stock in a research report on Friday, November 2nd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $125.35.

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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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