Key Points
- Niraj Shah, Wayfair's CEO, sold 93,000 shares on Feb. 23 at an average price of $74.63 for about $6.94 million, leaving him with 196,137 shares — a 32.16% reduction in his stake.
- The Feb. 23 sale follows other recent insider disposals (150,000 shares on Jan. 23 at $108.87; 120,000 on Dec. 23 at $100.27; 30,000 on Dec. 26 at $102.32), indicating sustained insider selling activity.
- Wayfair shares traded at $78.32 recently, the stock has a 52‑week range of $20.41–$119.98 and a market cap of $10.21 billion, while analysts' consensus is a Moderate Buy with an average price target of $105.48.
Wayfair Inc. (NYSE:W - Get Free Report) CEO Niraj Shah sold 93,000 shares of Wayfair stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $74.63, for a total value of $6,940,590.00. Following the sale, the chief executive officer directly owned 196,137 shares of the company's stock, valued at approximately $14,637,704.31. The trade was a 32.16% decrease in their ownership of the stock. 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 Friday, January 23rd, Niraj Shah sold 150,000 shares of Wayfair stock. The shares were sold at an average price of $108.87, for a total value of $16,330,500.00.
- On Friday, December 26th, Niraj Shah sold 30,000 shares of Wayfair stock. The stock was sold at an average price of $102.32, for a total value of $3,069,600.00.
- On Tuesday, December 23rd, Niraj Shah sold 120,000 shares of Wayfair stock. The stock was sold at an average price of $100.27, for a total value of $12,032,400.00.
Wayfair Stock Performance
Shares of W stock traded up $2.57 on Thursday, hitting $78.32. The company's stock had a trading volume of 388,987 shares, compared to its average volume of 3,723,810. Wayfair Inc. has a fifty-two week low of $20.41 and a fifty-two week high of $119.98. The company has a market capitalization of $10.21 billion, a PE ratio of -32.29, a PEG ratio of 5.47 and a beta of 3.36. The stock's 50 day moving average is $100.10 and its 200-day moving average is $93.65.
Hedge Funds Weigh In On Wayfair
A number of institutional investors have recently modified their holdings of the business. Cornerstone Planning Group LLC grew its holdings in shares of Wayfair by 28,200.0% during the third quarter. Cornerstone Planning Group LLC now owns 283 shares of the company's stock worth $25,000 after purchasing an additional 282 shares during the last quarter. Webster Bank N. A. acquired a new stake in Wayfair during the 4th quarter worth approximately $30,000. True Wealth Design LLC grew its holdings in Wayfair by 250.5% during the 3rd quarter. True Wealth Design LLC now owns 326 shares of the company's stock worth $29,000 after acquiring an additional 233 shares during the last quarter. Global Retirement Partners LLC increased its position in Wayfair by 156.3% in the 3rd quarter. Global Retirement Partners LLC now owns 328 shares of the company's stock valued at $29,000 after acquiring an additional 200 shares during the period. Finally, V Square Quantitative Management LLC bought a new position in shares of Wayfair during the fourth quarter valued at $33,000. Institutional investors and hedge funds own 89.67% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on W shares. Raymond James Financial lifted their price target on shares of Wayfair from $90.00 to $130.00 and gave the company a "strong-buy" rating in a research report on Wednesday, October 29th. Citigroup lifted their price objective on Wayfair from $105.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, October 29th. Truist Financial cut their target price on Wayfair from $120.00 to $105.00 and set a "buy" rating for the company in a research report on Friday, February 20th. The Goldman Sachs Group set a $92.00 price target on Wayfair in a research report on Friday, February 20th. Finally, Morgan Stanley upped their price objective on shares of Wayfair from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $105.48.
Check Out Our Latest Research Report on W
Wayfair Company Profile
(
Get Free Report)
Wayfair Inc (NYSE: W) is an e-commerce company focused on home furnishings and décor. Through its platform, Wayfair offers a broad assortment of furniture, lighting, home textiles, kitchenware and decorative accessories. The company's portfolio includes flagship sites such as Wayfair.com, as well as specialty retail brands like Joss & Main, AllModern, Birch Lane and Perigold, each catering to distinct design styles and price points.
Founded in 2002 by Niraj Shah and Steve Conine under the name CSN Stores, the business rebranded as Wayfair in 2011 and went public in 2014.
Further Reading
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