Wayfair Inc. $W Position Lessened by Boothbay Fund Management LLC

Boothbay Fund Management LLC reduced its stake in shares of Wayfair Inc. (NYSE:W) by 6.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 182,278 shares of the company’s stock after selling 12,870 shares during the quarter. Boothbay Fund Management LLC owned about 0.14% of Wayfair worth $16,283,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Aquatic Capital Management LLC increased its position in Wayfair by 105.4% in the third quarter. Aquatic Capital Management LLC now owns 235,191 shares of the company’s stock worth $21,010,000 after buying an additional 120,673 shares during the period. Algert Global LLC boosted its holdings in shares of Wayfair by 310.8% during the third quarter. Algert Global LLC now owns 111,457 shares of the company’s stock valued at $9,956,000 after acquiring an additional 84,327 shares during the period. Alliancebernstein L.P. grew its position in shares of Wayfair by 4.7% during the third quarter. Alliancebernstein L.P. now owns 36,425 shares of the company’s stock worth $3,254,000 after acquiring an additional 1,646 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new position in shares of Wayfair during the third quarter worth about $1,025,000. Finally, Creative Planning increased its holdings in shares of Wayfair by 47.6% in the 3rd quarter. Creative Planning now owns 26,450 shares of the company’s stock worth $2,363,000 after acquiring an additional 8,526 shares during the period. 89.67% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Wayfair

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.)

Insider Activity

In related news, CFO Kate Gulliver sold 36,497 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $106.50, for a total transaction of $3,886,930.50. Following the transaction, the chief financial officer owned 149,238 shares in the company, valued at $15,893,847. This trade represents a 19.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven Conine sold 150,000 shares of the business’s stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $108.87, for a total value of $16,330,500.00. Following the sale, the insider directly owned 289,073 shares in the company, valued at approximately $31,471,377.51. The trade was a 34.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 890,494 shares of company stock worth $86,493,261 over the last three months. Corporate insiders own 21.91% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on W shares. Royal Bank Of Canada lifted their price objective on shares of Wayfair from $86.00 to $92.00 and gave the company a “sector perform” rating in a research report on Friday, February 20th. Robert W. Baird decreased their target price on shares of Wayfair from $98.00 to $85.00 and set a “neutral” rating for the company in a research report on Friday, February 20th. Wedbush dropped their price target on shares of Wayfair from $100.00 to $85.00 and set a “neutral” rating on the stock in a research note on Friday, February 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price target on shares of Wayfair in a report on Friday, February 20th. Finally, Truist Financial reduced their price objective on Wayfair from $120.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Wayfair has an average rating of “Moderate Buy” and a consensus price target of $104.62.

Wayfair Stock Up 2.6%

Shares of W opened at $75.69 on Friday. The firm has a 50-day moving average price of $94.02 and a 200 day moving average price of $93.59. The firm has a market capitalization of $9.90 billion, a PE ratio of -31.15, a P/E/G ratio of 5.61 and a beta of 3.40. Wayfair Inc. has a 52-week low of $20.41 and a 52-week high of $119.98.

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.