NewEdge Advisors LLC cut its position in Wayfair Inc. (NYSE:W – Free Report) by 96.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 597 shares of the company’s stock after selling 15,634 shares during the period. NewEdge Advisors LLC’s holdings in Wayfair were worth $45,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership lifted its holdings in shares of 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 purchasing an additional 2,512,854 shares during the period. Voloridge Investment Management LLC purchased a new stake in Wayfair in the third quarter valued at approximately $108,125,000. Norges Bank acquired a new position in Wayfair in the 4th quarter worth approximately $117,973,000. AQR Capital Management LLC increased its holdings in Wayfair by 197.3% in the 2nd quarter. AQR Capital Management LLC now owns 1,557,937 shares of the company’s stock worth $79,673,000 after buying an additional 1,033,865 shares during the period. Finally, Holocene Advisors LP raised its position in Wayfair by 351.9% during the 2nd quarter. Holocene Advisors LP now owns 1,294,057 shares of the company’s stock worth $66,178,000 after buying an additional 1,007,676 shares during the last quarter. 89.67% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In related news, insider Jon Blotner sold 5,925 shares of Wayfair stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $96.29, for a total value of $570,518.25. Following the sale, the insider owned 117,344 shares of the company’s stock, valued at approximately $11,299,053.76. This trade represents a 4.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $103.36, for a total transaction of $7,131,840.00. Following the transaction, the chief executive officer directly owned 360,137 shares in the company, valued at approximately $37,223,760.32. The trade was a 16.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 143,925 shares of company stock worth $14,834,198. 18.44% of the stock is owned by corporate insiders.
Wayfair Price Performance
Wayfair (NYSE:W – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.95 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $3.47 billion. During the same quarter last year, the business earned $0.87 earnings per share. The firm’s revenue was up 7.5% on a year-over-year basis. Equities analysts expect that Wayfair Inc. will post 0.83 EPS for the current year.
Key Stories Impacting Wayfair
Here are the key news stories impacting Wayfair this week:
- Positive Sentiment: Zacks upgrade and earnings outlook: Zacks Research upgraded Wayfair from “hold” to “strong buy” and highlighted the stock as its “Bull of the Day.” The firm raised its EPS forecast for fiscal 2026 to $0.72 from $0.33, fiscal 2027 to $1.59 from $0.97, and fiscal 2028 to $2.78 from $2.23. It also increased several quarterly estimates, suggesting improving profitability expectations. Wayfair highlighted as Zacks Bull and Louisiana-Pacific Bear of the Day
- Positive Sentiment: Omnichannel expansion: Wayfair plans to open its 10th store in Altamonte Springs, Florida, in 2028. The 85,000-square-foot location supports management’s strategy of combining its online platform with physical stores and could broaden customer reach and brand visibility. Wayfair Marks Major Milestone with Plans for 10th Store
- Neutral Sentiment: Possible Massachusetts store: Wayfair is reportedly “looking for real estate” for a store in Massachusetts. The potential location indicates further retail ambitions, although no definitive opening announcement or financial impact was provided. Wayfair looking for real estate for Massachusetts store
- Neutral Sentiment: Labor Day promotions: Extensive discounts of up to roughly 64%–72% across furniture, bedding and home décor are increasing Wayfair’s consumer visibility ahead of Labor Day and could support order volume. However, the promotions’ effect on revenue and margins is not yet known. Wayfair Labor Day living room discounts
- Negative Sentiment: Conflicting estimate revision: Zacks lowered its Q2 2028 EPS forecast to $0.65 from $0.71, a modest counterpoint to the otherwise positive revisions. Zacks nevertheless maintains a “hold” rating in its detailed estimate reports, underscoring that valuation and execution risks remain.
Wall Street Analyst Weigh In
Several analysts have commented on W shares. Zacks Research upgraded shares of Wayfair from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Truist Financial raised their target price on shares of Wayfair from $99.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Benchmark initiated coverage on shares of Wayfair in a research report on Tuesday, July 7th. They set a “hold” rating for the company. Sanford C. Bernstein raised Wayfair from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $100.00 to $125.00 in a research report on Friday, August 14th. Finally, Rosenblatt Securities started coverage on Wayfair in a research note on Thursday, August 20th. They set a “buy” rating and a $125.00 price objective for the company. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.89.
Check Out Our Latest Analysis on W
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.
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