Wayfair Inc. $W Stock Sold by Artemis Investment Management LLP

Artemis Investment Management LLP lessened its position in shares of Wayfair Inc. (NYSE:W) by 10.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 458,312 shares of the company’s stock after selling 53,556 shares during the quarter. Artemis Investment Management LLP’s holdings in Wayfair were worth $47,004,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Havemeyer Place LP purchased a new stake in Wayfair in the fourth quarter valued at approximately $39,000. IFP Advisors Inc grew its position in shares of Wayfair by 79.2% during the second quarter. IFP Advisors Inc now owns 810 shares of the company’s stock worth $75,000 after acquiring an additional 358 shares during the last quarter. Polaris Financial Partners acquired a new position in shares of Wayfair in the 3rd quarter valued at $113,000. ABS Direct Equity Fund LLC purchased a new stake in Wayfair in the 1st quarter valued at $83,000. Finally, Parallel Advisors LLC raised its position in Wayfair by 18.6% in the 1st quarter. Parallel Advisors LLC now owns 1,661 shares of the company’s stock valued at $125,000 after purchasing an additional 261 shares during the last quarter. Institutional investors and hedge funds own 89.67% of the company’s stock.

Insiders Place Their Bets

In other Wayfair news, CTO Fiona Tan sold 7,000 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $102.18, for a total value of $715,260.00. Following the completion of the transaction, the chief technology officer owned 204,698 shares in the company, valued at approximately $20,916,041.64. This represents a 3.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Niraj Shah sold 69,000 shares of the business’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $103.36, for a total transaction of $7,131,840.00. Following the sale, the chief executive officer owned 360,137 shares in the company, valued at $37,223,760.32. The trade was a 16.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 296,024 shares of company stock worth $30,570,874. Company insiders own 18.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on W. Piper Sandler reissued an “overweight” rating and set a $133.00 price objective on shares of Wayfair in a research report on Wednesday, September 30th. Wells Fargo & Company upped their target price on shares of Wayfair from $100.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Citigroup increased their target price on shares of Wayfair from $95.00 to $133.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Robert W. Baird boosted their price target on Wayfair from $116.00 to $117.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. upped their price objective on Wayfair from $105.00 to $108.00 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Wayfair currently has an average rating of “Moderate Buy” and a consensus price target of $120.93.

Wayfair News Summary

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Wayfair is expanding its physical retail presence, planning its first Philadelphia-area store in Cherry Hill, New Jersey, in 2028. The location could improve brand visibility and provide an additional customer-acquisition channel, although financial benefits are several years away. Wayfair to open first Philadelphia-area store in Cherry Hill
• Positive Sentiment: Wayfair expanded its partnership with Klarna to offer flexible payment options to customers in the United States and Canada. Easier financing could support conversion rates and order volume, though it may also increase payment-related costs. Klarna Expands Partnership With Wayfair on Flexible Payment Options
• Positive Sentiment: Piper reportedly set a $133 price target for Wayfair while highlighting the Klarna partnership, implying considerable upside from recent trading levels. Wayfair expands Klarna partnership; Piper targets Wayfair stock at $133
• Neutral Sentiment: Robert W. Baird raised its Wayfair price target modestly from $116 to $117 but maintained a “neutral” rating. The target suggests potential upside, while the unchanged rating signals limited conviction in near-term outperformance.
• Neutral Sentiment: Consumer-focused coverage of Wayfair furniture and home products may support brand engagement, but the promotional product articles are unlikely to materially affect valuation. Serta Futon Wayfair Sale
• Negative Sentiment: Insider Fiona Tan sold 7,000 Wayfair shares. While the sale does not necessarily indicate a change in business prospects, insider selling can weigh on investor sentiment. Wayfair Insider Fiona Tan Sells 7,000 Shares

Wayfair Stock Performance

W traded up $1.22 during trading on Thursday, hitting $105.69. The stock had a trading volume of 374,947 shares, compared to its average volume of 3,487,623. The firm has a market capitalization of $13.95 billion, a P/E ratio of -42.95, a PEG ratio of 3.79 and a beta of 3.02. Wayfair Inc. has a twelve month low of $55.60 and a twelve month high of $119.98. The company’s 50-day moving average price is $101.54 and its 200 day moving average price is $86.08.

Wayfair (NYSE:W) last released its earnings results on Tuesday, August 4th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.90 by $0.05. Wayfair had a negative net margin of 2.49% and a negative return on equity of 3.40%. The company had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter last year, the business earned $0.87 EPS. The business’s revenue was up 7.5% on a year-over-year basis. As a group, equities analysts expect that Wayfair Inc. will post 0.93 earnings per share for the current fiscal year.

Wayfair Profile

Wayfair Inc is an e-commerce company specializing in home furnishings and household goods. Through its online platforms, the company offers furniture, décor, lighting, rugs, mattresses, appliances, kitchen and bath products, outdoor items, and other products for residential and commercial spaces.

Wayfair operates its flagship Wayfair brand alongside specialty retail brands such as Joss & Main, AllModern, Birch Lane, and Perigold. Its platform connects customers with a broad network of suppliers and provides product discovery, ordering, delivery, customer service, and related home-shopping services.