Wayfair Inc. (NYSE:W - Get Free Report) CEO Niraj Shah sold 10,000 shares of the company's stock in a transaction on Monday, April 8th. The shares were sold at an average price of $64.58, for a total transaction of $645,800.00. Following the sale, the chief executive officer now directly owns 239,137 shares in the company, valued at approximately $15,443,467.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Niraj Shah also recently made the following trade(s):
- On Thursday, March 7th, Niraj Shah sold 10,000 shares of Wayfair stock. The shares were sold at an average price of $59.90, for a total transaction of $599,000.00.
- On Thursday, February 8th, Niraj Shah sold 1,700 shares of Wayfair stock. The shares were sold at an average price of $52.02, for a total transaction of $88,434.00.
Wayfair Stock Performance
NYSE:W opened at $66.33 on Wednesday. The firm has a market cap of $7.98 billion, a price-to-earnings ratio of -10.17 and a beta of 3.29. Wayfair Inc. has a 52 week low of $29.51 and a 52 week high of $90.71. The firm has a 50-day moving average price of $58.08 and a two-hundred day moving average price of $55.12.
Elon’s New A.I. Device is About to Shock the World
From InvestorPlace | Ad
Using this device you see above…
Elon Musk just tested a new type of A.I. that according to Wired Magazine will usher in…
“The next step in human evolution.”
Click here to see the details because there’s a lot of money at stake.
Wayfair (NYSE:W - Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The company reported ($1.46) EPS for the quarter, beating the consensus estimate of ($1.54) by $0.08. The firm had revenue of $3.11 billion during the quarter, compared to analysts' expectations of $3.10 billion. As a group, sell-side analysts forecast that Wayfair Inc. will post -3.39 earnings per share for the current year.
Institutional Investors Weigh In On Wayfair
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital World Investors increased its stake in shares of Wayfair by 8.7% during the 4th quarter. Capital World Investors now owns 12,042,210 shares of the company's stock worth $743,004,000 after purchasing an additional 962,307 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Wayfair by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 8,103,952 shares of the company's stock worth $500,014,000 after purchasing an additional 273,652 shares during the last quarter. Spruce House Investment Management LLC increased its stake in shares of Wayfair by 4.3% during the 4th quarter. Spruce House Investment Management LLC now owns 3,650,000 shares of the company's stock worth $120,048,000 after purchasing an additional 150,000 shares during the last quarter. Ruane Cunniff & Goldfarb L.P. increased its stake in shares of Wayfair by 9.1% during the 1st quarter. Ruane Cunniff & Goldfarb L.P. now owns 3,440,017 shares of the company's stock worth $381,085,000 after purchasing an additional 285,729 shares during the last quarter. Finally, Two Sigma Investments LP increased its stake in shares of Wayfair by 30.3% during the 1st quarter. Two Sigma Investments LP now owns 1,291,717 shares of the company's stock worth $44,358,000 after purchasing an additional 300,645 shares during the last quarter. Hedge funds and other institutional investors own 89.67% of the company's stock.
Analyst Ratings Changes
A number of analysts have commented on the stock. Wedbush reaffirmed an "outperform" rating and set a $70.00 price target on shares of Wayfair in a research report on Friday, February 23rd. Truist Financial cut their price target on shares of Wayfair from $65.00 to $63.00 and set a "buy" rating on the stock in a research report on Friday, February 23rd. Royal Bank of Canada increased their price objective on shares of Wayfair from $55.00 to $62.00 and gave the stock a "sector perform" rating in a research report on Friday, February 23rd. Stifel Nicolaus increased their price objective on shares of Wayfair from $52.00 to $55.00 and gave the stock a "hold" rating in a research report on Tuesday, January 9th. Finally, BMO Capital Markets started coverage on shares of Wayfair in a research report on Tuesday, January 9th. They set a "market perform" rating and a $57.00 price objective on the stock. Ten analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $76.21.
View Our Latest Report on Wayfair
Wayfair Company Profile
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
