Insider Selling: Wayfair Inc (W) CEO Sells 2,000 Shares of Stock

Wayfair Inc (NYSE:W) CEO Niraj Shah sold 2,000 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $92.11, for a total transaction of $184,220.00. 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 Wednesday, January 24th, Niraj Shah sold 2,000 shares of Wayfair stock. The shares were sold at an average price of $92.03, for a total transaction of $184,060.00.
  • On Tuesday, January 16th, Niraj Shah sold 906 shares of Wayfair stock. The shares were sold at an average price of $85.96, for a total transaction of $77,879.76.
  • On Friday, December 15th, Niraj Shah sold 1,213 shares of Wayfair stock. The shares were sold at an average price of $76.35, for a total transaction of $92,612.55.

Shares of Wayfair Inc (NYSE W) traded up $4.52 during midday trading on Wednesday, reaching $97.07. 1,605,370 shares of the company’s stock were exchanged, compared to its average volume of 1,240,000. Wayfair Inc has a 52 week low of $35.36 and a 52 week high of $98.20. The company has a quick ratio of 1.17, a current ratio of 1.19 and a debt-to-equity ratio of 135.98. The firm has a market cap of $8,530.00, a P/E ratio of -38.98 and a beta of 1.05.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Wayfair by 52.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,803 shares of the company’s stock valued at $145,000 after acquiring an additional 624 shares during the last quarter. Guggenheim Capital LLC lifted its stake in Wayfair by 7.3% during the fourth quarter. Guggenheim Capital LLC now owns 9,629 shares of the company’s stock valued at $773,000 after buying an additional 654 shares in the last quarter. Advisor Group Inc. lifted its stake in Wayfair by 19.8% during the fourth quarter. Advisor Group Inc. now owns 4,023 shares of the company’s stock valued at $323,000 after buying an additional 666 shares in the last quarter. Keybank National Association OH lifted its stake in Wayfair by 8.7% during the fourth quarter. Keybank National Association OH now owns 8,620 shares of the company’s stock valued at $692,000 after buying an additional 690 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its stake in Wayfair by 1.6% during the third quarter. State Board of Administration of Florida Retirement System now owns 51,345 shares of the company’s stock valued at $3,461,000 after buying an additional 800 shares in the last quarter. 67.16% of the stock is owned by institutional investors.

W has been the subject of a number of recent analyst reports. Wedbush reiterated an “outperform” rating on shares of Wayfair in a research report on Wednesday, December 27th. Moffett Nathanson initiated coverage on shares of Wayfair in a research report on Monday, December 4th. They issued a “buy” rating for the company. Bank of America lowered shares of Wayfair from a “buy” rating to a “neutral” rating and set a $88.00 target price for the company. in a research report on Wednesday, January 3rd. MKM Partners set a $107.00 target price on shares of Wayfair and gave the company a “buy” rating in a research report on Wednesday, January 24th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $89.00 target price on shares of Wayfair in a research report on Wednesday, December 13th. Fourteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Wayfair presently has an average rating of “Hold” and an average price target of $80.11.

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Wayfair Company Profile

Wayfair Inc (Wayfair) offers browsing, merchandising and product discovery for a range of products from various suppliers. The Company operates through two segments: U.S. and International. The U.S. segment consists of amounts earned through product sales through the Company’s five sites in the United States and through sites operated by third parties in the United States.

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

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