Wayfair Inc. $W Stake Reduced by Boothbay Fund Management LLC

Boothbay Fund Management LLC trimmed its holdings in Wayfair Inc. (NYSE:W) by 6.6% in the third quarter, Holdings Channel.com reports. The fund owned 182,278 shares of the company’s stock after selling 12,870 shares during the period. Boothbay Fund Management LLC’s holdings in Wayfair were worth $16,283,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Capital World Investors grew its stake in shares of Wayfair by 4.1% in the 3rd quarter. Capital World Investors now owns 13,374,574 shares of the company’s stock worth $1,194,750,000 after purchasing an additional 521,240 shares during the last quarter. Vanguard Group Inc. lifted its stake in Wayfair by 4.3% during the third quarter. Vanguard Group Inc. now owns 9,562,050 shares of the company’s stock valued at $854,178,000 after purchasing an additional 397,572 shares during the last quarter. Spruce House Investment Management LLC boosted its holdings in Wayfair by 37.6% during the second quarter. Spruce House Investment Management LLC now owns 3,000,000 shares of the company’s stock worth $153,420,000 after buying an additional 819,615 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Wayfair by 826.0% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,817,056 shares of the company’s stock worth $251,648,000 after buying an additional 2,512,854 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Wayfair by 3.7% in the second quarter. Geode Capital Management LLC now owns 1,661,496 shares of the company’s stock worth $84,985,000 after buying an additional 59,083 shares during the last quarter. Institutional investors own 89.67% of the company’s stock.

Wayfair News Summary

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.)

Insiders Place Their Bets

In related news, CTO Fiona Tan sold 9,000 shares of the 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 sale, the chief technology officer directly owned 200,328 shares of the company’s stock, valued at approximately $23,839,032. This represents a 4.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jon Blotner sold 4,997 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $105.84, for a total value of $528,882.48. Following the sale, the insider owned 106,107 shares of the company’s stock, valued at $11,230,364.88. The trade was a 4.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 890,494 shares of company stock valued at $86,493,261 over the last quarter. 21.91% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on W shares. Evercore set a $100.00 price target on shares of Wayfair in a research report on Friday, February 20th. Mizuho cut their price objective on Wayfair from $130.00 to $110.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Robert W. Baird reduced their price objective on Wayfair from $98.00 to $85.00 and set a “neutral” rating for the company in a research note on Friday, February 20th. Jefferies Financial Group restated a “hold” rating on shares of Wayfair in a report on Tuesday. Finally, Morgan Stanley boosted their target price on Wayfair from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $104.62.

Wayfair Stock Performance

NYSE W opened at $75.69 on Friday. The firm’s 50 day moving average price is $94.02 and its two-hundred day moving average price is $93.59. Wayfair Inc. has a twelve month low of $20.41 and a twelve month high of $119.98. The stock has a market cap of $9.90 billion, a price-to-earnings ratio of -31.15, a PEG ratio of 5.61 and a beta of 3.40.

About Wayfair

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.