Wayfair Inc. $W Stock: VIRGINIA RETIREMENT SYSTEMS ET Al Lowers Holdings

VIRGINIA RETIREMENT SYSTEMS ET Al lowered its stake in shares of Wayfair Inc. (NYSE:W) by 68.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,800 shares of the company’s stock after selling 14,856 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Wayfair were worth $697,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of W. Atreides Management LP raised its stake in Wayfair by 64.3% during the 1st quarter. Atreides Management LP now owns 1,430,997 shares of the company’s stock valued at $107,625,000 after purchasing an additional 560,133 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Wayfair by 46.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,036,531 shares of the company’s stock worth $77,923,000 after purchasing an additional 328,358 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Wayfair by 8.3% during the 1st quarter. Janus Henderson Group PLC now owns 3,866,708 shares of the company’s stock worth $290,813,000 after purchasing an additional 296,233 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Wayfair by 42.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 818,591 shares of the company’s stock worth $75,654,000 after purchasing an additional 242,791 shares during the period. Finally, Baird Financial Group Inc. acquired a new position in shares of Wayfair during the second quarter valued at about $16,362,000. 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: Wayfair’s third-quarter results beat estimates: earnings were $0.93 per share versus $0.80 expected, and revenue was $3.42 billion versus $3.38 billion expected. U.S. sales grew 11.4%, with improved advertising leverage and market-share gains contributing to the performance. Wayfair Q3 Earnings Beat on U.S. Growth and Ad Cost Leverage
• Positive Sentiment: Analysts raised targets following the results. Notable moves included UBS to $165 with a Buy rating, Needham to $145 with a Buy rating, and Wells Fargo to $140 with an Overweight rating; Deutsche Bank lifted its target to $140 but maintained Hold. Wayfair analyst coverage
• Neutral Sentiment: CTO Fiona Tan sold 15,000 shares across November 4–5 for about $1.86 million. The sales were made under a pre-arranged Rule 10b5-1 plan, and she retained 181,698 shares, making the transactions a less direct indicator of her near-term view of the stock. SEC Form 4 filing
• Negative Sentiment: Management expects higher holiday advertising spending in the fourth quarter. Although Wayfair forecast high-single-digit revenue growth and a 6%–7% adjusted EBITDA margin, increased marketing costs could weigh on near-term profitability. Wayfair forecasts Q4 growth and adjusted EBITDA margin

Insider Buying and Selling

In other news, CEO Niraj Shah sold 117,000 shares of the stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $111.25, for a total value of $13,016,250.00. Following the completion of the transaction, the chief executive officer directly owned 105,137 shares of the company’s stock, valued at approximately $11,696,491.25. This represents a 52.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jon Blotner sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $120.00, for a total value of $60,000.00. Following the transaction, the insider owned 115,385 shares of the company’s stock, valued at $13,846,200. This trade represents a 0.43% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 692,070 shares of company stock valued at $74,096,044 over the last ninety days. Company insiders own 18.44% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Citigroup boosted their price target on Wayfair from $95.00 to $133.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Robert W. Baird raised their price objective on Wayfair from $116.00 to $117.00 and gave the stock a “neutral” rating in a research report on Thursday, October 8th. Needham & Company LLC lifted their price objective on Wayfair from $133.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday. Guggenheim lifted their price objective on Wayfair from $100.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Finally, Gordon Haskett upgraded Wayfair from a “hold” rating to a “buy” rating and set a $160.00 price objective on the stock in a research report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Wayfair has a consensus rating of “Moderate Buy” and a consensus target price of $128.57.

Wayfair Price Performance

Shares of Wayfair stock traded down $1.30 during trading on Friday, hitting $112.08. 1,644,054 shares of the company’s stock traded hands, compared to its average volume of 2,011,016. The firm’s fifty day moving average price is $105.88 and its 200 day moving average price is $89.19. Wayfair Inc. has a twelve month low of $55.60 and a twelve month high of $127.99. The company has a market cap of $14.79 billion, a PE ratio of -89.67, a PEG ratio of 4.07 and a beta of 3.10.

Wayfair (NYSE:W) last posted its earnings results on Wednesday, November 4th. The company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.13. Wayfair had a negative net margin of 2.49% and a negative return on equity of 3.40%. The business had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.38 billion. During the same quarter in the previous year, the firm posted $0.70 earnings per share. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. As a group, equities research analysts anticipate that Wayfair Inc. will post 0.97 earnings per share for the current year.

About Wayfair

Wayfair Inc is an e-commerce company that sells furniture, home furnishings and related products through digital platforms. Its selection includes furniture, décor, lighting, rugs, mattresses, kitchen and dining products, housewares, home improvement items, outdoor furnishings and other goods for residential and commercial spaces.

The company operates a portfolio of online brands and retail websites, including Wayfair, Joss & Main, AllModern, Birch Lane and Perigold. These brands are designed to serve different customer preferences, price points and areas of the home-furnishings market.