ProShare Advisors LLC lowered its stake in shares of Wayfair Inc. (NYSE:W – Free Report) by 45.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,517 shares of the company’s stock after selling 18,064 shares during the period. ProShare Advisors LLC’s holdings in Wayfair were worth $2,207,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in W. Vise Technologies Inc. grew its stake in Wayfair by 7.3% during the third quarter. Vise Technologies Inc. now owns 7,583 shares of the company’s stock worth $778,000 after buying an additional 519 shares during the period. Americana Partners LLC purchased a new stake in Wayfair during the 3rd quarter worth $251,000. Parcion Private Wealth LLC acquired a new stake in Wayfair in the 3rd quarter valued at $709,000. Soltis Investment Advisors LLC acquired a new stake in Wayfair in the 3rd quarter valued at $321,000. Finally, Choreo LLC acquired a new stake in Wayfair in the 3rd quarter valued at $214,000. 89.67% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on W. Evercore restated an “outperform” rating and set a $130.00 price objective on shares of Wayfair in a research note on Wednesday, August 5th. Guggenheim raised their price objective on shares of Wayfair from $100.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $135.00 price objective on shares of Wayfair in a research note on Wednesday. Gordon Haskett raised Wayfair from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a research report on Wednesday. Finally, Mizuho set a $132.00 price target on shares of Wayfair in a research report on Thursday, October 29th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $128.57.
Read Our Latest Stock Report on W
Insider Buying and Selling at Wayfair
In other news, insider Jon Blotner sold 500 shares of Wayfair stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $120.00, for a total transaction of $60,000.00. Following the sale, the insider directly owned 115,385 shares in the company, valued at approximately $13,846,200. The trade was a 0.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Niraj Shah sold 117,000 shares of the stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $111.25, for a total transaction of $13,016,250.00. Following the completion of the transaction, the chief executive officer directly owned 105,137 shares of the company’s stock, valued at $11,696,491.25. This trade represents a 52.67% 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 692,070 shares of company stock valued at $74,096,044 in the last 90 days. Insiders own 18.44% of the company’s stock.
Wayfair Stock Performance
Shares of NYSE:W traded down $1.30 during trading on Friday, hitting $112.08. 1,644,054 shares of the stock were exchanged, compared to its average volume of 2,011,016. Wayfair Inc. has a 1-year low of $55.60 and a 1-year high of $127.99. The company has a market capitalization of $14.79 billion, a price-to-earnings ratio of -89.67, a price-to-earnings-growth ratio of 4.07 and a beta of 3.10. The company’s fifty day simple moving average is $105.88 and its 200-day simple moving average is $89.19.
Wayfair (NYSE:W – Get Free Report) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.13. The firm had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.38 billion. Wayfair had a negative net margin of 2.49% and a negative return on equity of 3.40%. The business’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.70 earnings per share. On average, research analysts forecast that Wayfair Inc. will post 0.97 earnings per share for the current fiscal year.
Trending Headlines about Wayfair
Here are the key news stories impacting Wayfair this week:
- Positive Sentiment: Wayfair’s third-quarter results beat estimates: earnings were $0.93 per share versus $0.80 expected, and revenue was $3.42 billion versus $3.38 billion expected. U.S. sales grew 11.4%, with improved advertising leverage and market-share gains contributing to the performance. Wayfair Q3 Earnings Beat on U.S. Growth and Ad Cost Leverage
- Positive Sentiment: Analysts raised targets following the results. Notable moves included UBS to $165 with a Buy rating, Needham to $145 with a Buy rating, and Wells Fargo to $140 with an Overweight rating; Deutsche Bank lifted its target to $140 but maintained Hold. Wayfair analyst coverage
- Neutral Sentiment: CTO Fiona Tan sold 15,000 shares across November 4–5 for about $1.86 million. The sales were made under a pre-arranged Rule 10b5-1 plan, and she retained 181,698 shares, making the transactions a less direct indicator of her near-term view of the stock. SEC Form 4 filing
- Negative Sentiment: Management expects higher holiday advertising spending in the fourth quarter. Although Wayfair forecast high-single-digit revenue growth and a 6%–7% adjusted EBITDA margin, increased marketing costs could weigh on near-term profitability. Wayfair forecasts Q4 growth and adjusted EBITDA margin
Wayfair Profile
Wayfair Inc is an e-commerce company that sells furniture, home furnishings and related products through digital platforms. Its selection includes furniture, décor, lighting, rugs, mattresses, kitchen and dining products, housewares, home improvement items, outdoor furnishings and other goods for residential and commercial spaces.
The company operates a portfolio of online brands and retail websites, including Wayfair, Joss & Main, AllModern, Birch Lane and Perigold. These brands are designed to serve different customer preferences, price points and areas of the home-furnishings market.
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