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

Artemis Investment Management LLP cut its position in Wayfair Inc. (NYSE:W) by 10.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 458,312 shares of the company’s stock after selling 53,556 shares during the quarter. Artemis Investment Management LLP owned 0.35% of Wayfair worth $47,004,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Polaris Financial Partners purchased a new stake in Wayfair during the third quarter worth about $113,000. Versant Capital Management Inc boosted its stake in shares of Wayfair by 4.1% in the third quarter. Versant Capital Management Inc now owns 3,551 shares of the company’s stock valued at $364,000 after purchasing an additional 140 shares during the period. QRG Capital Management Inc. grew its holdings in shares of Wayfair by 10.4% in the second quarter. QRG Capital Management Inc. now owns 4,274 shares of the company’s stock valued at $395,000 after purchasing an additional 402 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in Wayfair during the 2nd quarter worth approximately $3,207,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in Wayfair during the 2nd quarter worth approximately $349,000. Hedge funds and other institutional investors own 89.67% of the company’s stock.

Wayfair Price Performance

Shares of Wayfair stock traded up $1.22 during trading on Thursday, hitting $105.69. 374,947 shares of the stock were exchanged, compared to its average volume of 3,487,623. The stock has a market cap of $13.95 billion, a price-to-earnings ratio of -42.95, a price-to-earnings-growth ratio of 3.79 and a beta of 3.02. The firm’s 50-day moving average price is $101.54 and its 200 day moving average price is $86.08. Wayfair Inc. has a 12-month low of $55.60 and a 12-month high of $119.98.

Wayfair (NYSE:W) last posted its 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 return on equity of 3.40% and a negative net margin of 2.49%.The firm had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the prior year, the company posted $0.87 earnings per share. Wayfair’s revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, research analysts forecast that Wayfair Inc. will post 0.93 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Steven Conine sold 69,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $103.36, for a total value of $7,131,840.00. Following the completion of the transaction, the director directly owned 360,073 shares of the company’s stock, valued at $37,217,145.28. This represents a 16.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jon Blotner sold 6,968 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $100.22, for a total transaction of $698,332.96. Following the completion of the transaction, the insider owned 110,376 shares in the company, valued at $11,061,882.72. This represents a 5.94% 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. In the last quarter, insiders have sold 296,024 shares of company stock worth $30,570,874. Insiders own 18.44% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Citigroup raised their price target on shares of Wayfair from $95.00 to $133.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Morgan Stanley reiterated an “overweight” rating on shares of Wayfair in a research note on Wednesday, August 5th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Wayfair in a report on Tuesday, September 1st. Jefferies Financial Group restated a “hold” rating and set a $108.00 price target on shares of Wayfair in a report on Tuesday, August 4th. Finally, Wells Fargo & Company increased their price target on Wayfair from $100.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $120.93.

Key Stories Impacting Wayfair

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

About Wayfair

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.