Niraj Shah Sells 120,000 Shares of Wayfair (NYSE:W) Stock

Wayfair Inc. (NYSE:W) CEO Niraj Shah sold 120,000 shares of Wayfair stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $100.27, for a total value of $12,032,400.00. Following the completion of the transaction, the chief executive officer directly owned 469,137 shares of the company’s stock, valued at $47,040,366.99. This represents a 20.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• 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 Monday, November 24th, Niraj Shah sold 150,000 shares of Wayfair stock. The stock was sold at an average price of $105.91, for a total value of $15,886,500.00.
• 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 value 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 transaction 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.

Wayfair Trading Down 0.9%

Shares of Wayfair stock opened at $101.12 on Wednesday. The company has a market cap of $13.18 billion, a PE ratio of -39.50 and a beta of 3.25. The company has a 50 day moving average of $100.74 and a 200-day moving average of $81.94. Wayfair Inc. has a 1-year low of $20.41 and a 1-year high of $114.92.

Wayfair (NYSE:W) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.44 by $0.26. The firm had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same quarter in the prior year, the firm earned $0.22 earnings per share. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. Research analysts forecast that Wayfair Inc. will post -2.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

W has been the topic of a number of recent analyst reports. Bank of America upgraded Wayfair from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 28th. Needham & Company LLC raised their price target on shares of Wayfair from $83.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. 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. The Goldman Sachs Group increased their price objective on shares of Wayfair from $80.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Finally, Oppenheimer boosted their target price on shares of Wayfair from $100.00 to $144.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 12th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $105.29.

Institutional Investors Weigh In On Wayfair

Several hedge funds have recently added to or reduced their stakes in the business. Hsbc Holdings PLC increased its position in Wayfair by 235.2% in the 1st quarter. Hsbc Holdings PLC now owns 25,095 shares of the company’s stock valued at $804,000 after acquiring an additional 17,608 shares during the period. Benchstone Capital Management LP grew its stake in shares of Wayfair by 11.0% in the first quarter. Benchstone Capital Management LP now owns 404,585 shares of the company’s stock worth $12,959,000 after purchasing an additional 40,213 shares during the last quarter. Graham Capital Management L.P. increased its holdings in Wayfair by 20.0% in the first quarter. Graham Capital Management L.P. now owns 50,471 shares of the company’s stock valued at $1,617,000 after purchasing an additional 8,413 shares during the period. Maverick Capital Ltd. bought a new position in Wayfair during the 1st quarter worth $2,153,000. Finally, Perbak Capital Partners LLP acquired a new position in Wayfair during the 1st quarter worth about $348,000. 89.67% of the stock is currently owned by institutional investors and hedge funds.

Wayfair News Summary

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Analyst consensus remains constructive — Wayfair carries a “Moderate Buy” consensus and several firms have raised targets, which underpins potential upside if execution and margins hold. Read More.
• Neutral Sentiment: Wayfair is promoting heavy end‑of‑year discounts on big‑ticket items (sofas, storage cabinets, sleeper chairs, outlet deals). These can boost near‑term traffic and holiday sales but are unlikely to change the long‑term thesis unless margins or AOVs move meaningfully. Read More.
• Neutral Sentiment: Multiple consumer pieces highlighting specific discounted SKUs (sleeper sofas, storage cabinets, sectional sets) may drive short‑term conversions and marketing reach but are routine for retail seasonality. Read More.
• Negative Sentiment: Material insider selling by founders: CEO Niraj Shah and co‑founder Steven Conine sold large blocks on Dec. 23 (~120,000 shares each at ~ $100.27–$100.28) and again on Dec. 26 (~30,000 shares each at ~ $102.32–$102.33). The filings show substantial reductions in their holdings (multi‑percent ownership declines); such founder sales can weigh on sentiment even if they’re for diversification or tax reasons. SEC Form 4 filings: Niraj Shah Read More., Steven Conine Read More.

Wayfair Company Profile

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.