Key Points
- Wayfair CEO Niraj Shah sold 150,000 shares on November 24 at an average price of $105.91 for a total of $15,886,500, reducing his stake by 17.06% to 729,137 shares (valued at about $77.2M).
- Shares were up about 2.7% (opening at $112.75) after the company reported quarterly results that beat estimates—EPS $0.70 versus $0.44 and revenue $3.12 billion, up 8.1% year-over-year.
- Analysts have a consensus rating of “Moderate Buy” with an average price target near $105.57, and institutional investors own roughly 89.67% of the company’s stock.
Wayfair Inc. (NYSE:W - Get Free Report) CEO Niraj Shah sold 150,000 shares of the company's stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $105.91, for a total value of $15,886,500.00. Following the completion of the transaction, the chief executive officer directly owned 729,137 shares in the company, valued at $77,222,899.67. The trade was a 17.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Niraj Shah also recently made the following trade(s):
- On Tuesday, October 28th, Niraj Shah sold 30,000 shares of Wayfair stock. The shares were sold at an average price of $105.10, for a total transaction of $3,153,000.00.
- On Thursday, October 23rd, Niraj Shah sold 120,000 shares of Wayfair stock. The stock was sold at an average price of $82.17, for a total value of $9,860,400.00.
- On Monday, October 20th, Niraj Shah sold 85,000 shares of Wayfair stock. The shares were sold at an average price of $82.85, for a total transaction of $7,042,250.00.
- On Monday, September 22nd, Niraj Shah sold 85,000 shares of Wayfair stock. The stock was sold at an average price of $86.79, for a total value of $7,377,150.00.
Wayfair Stock Up 2.7%
Shares of W opened at $112.75 on Thursday. The stock has a market cap of $14.70 billion, a PE ratio of -44.04 and a beta of 3.03. The business has a 50-day simple moving average of $92.74 and a two-hundred day simple moving average of $71.79. Wayfair Inc. has a 12-month low of $20.41 and a 12-month high of $114.92.
Wayfair (NYSE:W - Get Free Report) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.44 by $0.26. The company had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.01 billion. The business's revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.22 earnings per share. On average, equities research analysts expect that Wayfair Inc. will post -2.54 EPS for the current year.
Institutional Investors Weigh In On Wayfair
A number of hedge funds have recently modified their holdings of the business. AQR Capital Management LLC lifted its stake in Wayfair by 111.7% in the first quarter. AQR Capital Management LLC now owns 524,072 shares of the company's stock valued at $16,786,000 after buying an additional 276,471 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Wayfair during the second quarter valued at approximately $1,512,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of Wayfair during the 1st quarter worth approximately $452,000. Signaturefd LLC raised its position in Wayfair by 10.1% during the second quarter. Signaturefd LLC now owns 376,697 shares of the company's stock worth $19,264,000 after acquiring an additional 34,507 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in Wayfair by 40.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 11,794 shares of the company's stock worth $603,000 after purchasing an additional 3,395 shares during the period. Institutional investors own 89.67% of the company's stock.
Wall Street Analyst Weigh In
W has been the subject of a number of analyst reports. Wells Fargo & Company lifted their price target on Wayfair from $90.00 to $110.00 and gave the company an "overweight" rating in a research note on Wednesday, October 29th. Weiss Ratings restated a "sell (d-)" rating on shares of Wayfair in a research note on Wednesday, October 8th. Argus upped their price target on shares of Wayfair from $105.00 to $125.00 and gave the company a "buy" rating in a research note on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft set a $75.00 price target on shares of Wayfair in a report on Friday, October 24th. Finally, Truist Financial upped their price objective on shares of Wayfair from $95.00 to $120.00 and gave the stock a "buy" rating in a research report on Tuesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, Wayfair currently has a consensus rating of "Moderate Buy" and an average target price of $105.57.
Read Our Latest Analysis on W
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.
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