Capital World Investors Raises Stock Holdings in Wayfair Inc. $W

Capital World Investors increased its position in Wayfair Inc. (NYSE:W) by 0.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 13,457,158 shares of the company’s stock after purchasing an additional 82,584 shares during the period. Capital World Investors owned about 0.10% of Wayfair worth $1,351,237,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Optas LLC grew its stake in Wayfair by 2.1% in the fourth quarter. Optas LLC now owns 5,057 shares of the company’s stock worth $508,000 after purchasing an additional 106 shares during the period. Larson Financial Group LLC boosted its holdings in Wayfair by 30.0% in the third quarter. Larson Financial Group LLC now owns 520 shares of the company’s stock worth $46,000 after acquiring an additional 120 shares in the last quarter. Wedmont Private Capital boosted its holdings in Wayfair by 3.3% in the fourth quarter. Wedmont Private Capital now owns 3,774 shares of the company’s stock worth $415,000 after acquiring an additional 121 shares in the last quarter. True Wealth Design LLC boosted its holdings in Wayfair by 37.7% in the fourth quarter. True Wealth Design LLC now owns 449 shares of the company’s stock worth $45,000 after acquiring an additional 123 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in Wayfair by 2.3% in the fourth quarter. State of Alaska Department of Revenue now owns 5,418 shares of the company’s stock worth $544,000 after acquiring an additional 124 shares in the last quarter. 89.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Steven Conine sold 112,861 shares of the company’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $77.50, for a total transaction of $8,746,727.50. Following the transaction, the director directly owned 436,212 shares of the company’s stock, valued at $33,806,430. This represents a 20.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Niraj Shah sold 113,863 shares of the stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $77.49, for a total value of $8,823,243.87. Following the completion of the transaction, the chief executive officer directly owned 435,274 shares in the company, valued at approximately $33,729,382.26. This represents a 20.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 463,785 shares of company stock valued at $35,864,224 over the last ninety days. 18.44% of the stock is currently owned by corporate insiders.

Wayfair Price Performance

Shares of NYSE:W opened at $68.48 on Monday. The company has a market cap of $9.04 billion, a P/E ratio of -29.27, a PEG ratio of 3.59 and a beta of 3.02. Wayfair Inc. has a 1 year low of $44.04 and a 1 year high of $119.98. The stock’s fifty day moving average price is $70.61 and its 200-day moving average price is $86.54.

Wayfair (NYSE:W) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.26. The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.89 billion. Wayfair had a negative return on equity of 2.20% and a negative net margin of 2.41%.The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.10 earnings per share. On average, sell-side analysts anticipate that Wayfair Inc. will post 0.63 earnings per share for the current year.

Analysts Set New Price Targets

W has been the topic of several analyst reports. Citigroup dropped their target price on Wayfair from $110.00 to $95.00 and set a “buy” rating on the stock in a report on Tuesday, May 19th. JPMorgan Chase & Co. dropped their target price on Wayfair from $114.00 to $105.00 and set an “overweight” rating on the stock in a report on Friday, February 20th. Evercore set a $100.00 target price on Wayfair in a report on Friday, February 20th. Weiss Ratings downgraded Wayfair from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, June 2nd. Finally, Canaccord Genuity Group dropped their target price on Wayfair from $125.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $99.89.

Trending Headlines about Wayfair

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Wayfair is featured across multiple shopping articles highlighting major discounts, clearance events, and popular home-furnishings deals, which could help drive customer traffic and near-term sales. Article Title
• Positive Sentiment: Wayfair announced the opening date for its first Ohio store, signaling continued efforts to expand its physical retail footprint and reach more customers. Article Title
• Positive Sentiment: A report on logistics upgrades says operational improvements are benefiting Wayfair, which could support margins and delivery performance over time. Article Title
• Neutral Sentiment: Several lifestyle and shopping articles simply showcase Wayfair products and “best buys,” reinforcing the brand’s visibility but not adding new financial information. Article Title
• Neutral Sentiment: A market commentary piece notes Wayfair’s strong recent rally and renewed momentum-chasing interest, but it is more a sentiment read than a business update. Article Title

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.