Night Squared LP Invests $5.40 Million in Wayfair Inc. $W

Night Squared LP bought a new stake in shares of Wayfair Inc. (NYSE:W) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 60,416 shares of the company’s stock, valued at approximately $5,397,000. Wayfair makes up about 1.9% of Night Squared LP’s investment portfolio, making the stock its 21st largest holding.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Cornerstone Planning Group LLC raised its stake in Wayfair by 28,200.0% in the third quarter. Cornerstone Planning Group LLC now owns 283 shares of the company’s stock worth $25,000 after buying an additional 282 shares in the last quarter. True Wealth Design LLC boosted its position in Wayfair by 250.5% during the 3rd quarter. True Wealth Design LLC now owns 326 shares of the company’s stock valued at $29,000 after acquiring an additional 233 shares in the last quarter. Global Retirement Partners LLC boosted its position in Wayfair by 156.3% during 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 in the last quarter. Comerica Bank grew its holdings in shares of Wayfair by 56.5% during the 3rd quarter. Comerica Bank now owns 634 shares of the company’s stock worth $57,000 after acquiring an additional 229 shares during the period. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Wayfair during the 3rd quarter worth approximately $65,000. Hedge funds and other institutional investors own 89.67% of the company’s stock.

Wayfair Stock Up 2.6%

Wayfair stock opened at $75.69 on Friday. The company has a market capitalization of $9.90 billion, a P/E ratio of -31.15, a PEG ratio of 5.46 and a beta of 3.40. The stock’s 50 day moving average is $94.02 and its 200 day moving average is $93.45. Wayfair Inc. has a twelve month low of $20.41 and a twelve month high of $119.98.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Needham & Company LLC restated a “buy” rating and issued a $125.00 target price on shares of Wayfair in a research note on Friday, February 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Wayfair in a research note on Wednesday, January 21st. Royal Bank Of Canada increased their price objective on Wayfair from $86.00 to $92.00 and gave the stock a “sector perform” rating in a report on Friday, February 20th. Truist Financial lowered their price objective on Wayfair from $120.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Finally, Wall Street Zen cut shares of Wayfair from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Wayfair currently has a consensus rating of “Moderate Buy” and an average target price of $104.62.

Insiders Place Their Bets

In other news, CTO Fiona Tan sold 9,000 shares of Wayfair stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $119.00, for a total value of $1,071,000.00. Following the completion of the transaction, the chief technology officer owned 200,328 shares of the company’s stock, valued at $23,839,032. The trade was a 4.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Niraj Shah sold 27,000 shares of the company’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $78.88, for a total transaction of $2,129,760.00. Following the completion of the transaction, the chief executive officer owned 169,137 shares in the company, valued at approximately $13,341,526.56. The trade was a 13.77% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 890,494 shares of company stock valued at $86,493,261. Company insiders own 21.91% of the company’s stock.

Trending Headlines about Wayfair

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: MarketBeat highlights that a recent court strike-down of import tariffs and improving technical indicators (bullish MACD cross, rising RSI) suggest Wayfair may have found a bottom — a catalyst traders view as reducing a major margin/headwind and supporting a rebound. 3 Rebound Candidates With Technical Tailwinds
• Positive Sentiment: Multiple consumer media stories are promoting Wayfair’s heavy promotions (outlet sales, weekend living-room discounts up to ~85%, and low-price items like a $160 reclining sleeper chair). These promotions can boost traffic and clearance-driven revenue in the near term and help clear inventory. Wayfair massive living room furniture sale Wayfair $160 reclining sleeper chair Wayfair outlet sale — People
• Neutral Sentiment: Wayfair presented at the UBS Global Consumer & Retail conference (transcript available). Investor presentations can provide clarity on trends, margins, and inventory; any company commentary or guidance readouts from that appearance could move the stock but the transcript alone is informational until specifics are confirmed. Wayfair Presents at UBS Global Consumer and Retail Conference Transcript
• Negative Sentiment: Despite today’s bounce, Wayfair remains below its 50- and 200-day moving averages and has a wide trading range over 12 months — signaling structural volatility and that longer-term technical resistance/valuation (negative trailing P/E, high beta) remain risks for sustained upside. (Background market data and technical levels underpin investor caution.)

Wayfair 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.