Sei Investments Co. Trims Stock Position in Wayfair Inc. $W

Sei Investments Co. decreased its stake in Wayfair Inc. (NYSE:W) by 18.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,182 shares of the company’s stock after selling 12,580 shares during the period. Sei Investments Co.’s holdings in Wayfair were worth $4,226,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Optas LLC raised its stake in Wayfair by 2.1% during the 4th quarter. Optas LLC now owns 5,057 shares of the company’s stock worth $508,000 after acquiring an additional 106 shares in the last quarter. Larson Financial Group LLC boosted its stake in Wayfair by 30.0% in the third quarter. Larson Financial Group LLC now owns 520 shares of the company’s stock valued at $46,000 after acquiring an additional 120 shares in the last quarter. State of Alaska Department of Revenue boosted its stake 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 valued at $544,000 after acquiring an additional 124 shares in the last quarter. Kestra Private Wealth Services LLC boosted its stake in Wayfair by 4.7% in the fourth quarter. Kestra Private Wealth Services LLC now owns 3,435 shares of the company’s stock valued at $345,000 after acquiring an additional 155 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of Wayfair by 12.8% during the fourth quarter. Parallel Advisors LLC now owns 1,400 shares of the company’s stock worth $141,000 after purchasing an additional 159 shares during the last quarter. 89.67% of the stock is owned by hedge funds and other institutional investors.

Wayfair News Summary

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Q2 results exceeded expectations: Wayfair reported adjusted earnings of $0.95 per share versus a $0.90 consensus estimate, while revenue rose 7.5% year over year to approximately $3.5 billion, ahead of expectations. Wayfair Q2 results
• Positive Sentiment: U.S. momentum and cash flow improved: U.S. revenue increased 8.7%, active customers reached 21.7 million, and free cash flow hit its strongest level since 2020. Growth in higher-income shoppers, specialty brands and luxury platform Perigold also supported results. Wayfair posts strongest U.S. growth since 2020
• Positive Sentiment: Analysts raised targets after the earnings beat: UBS lifted its target to $156 and upgraded Wayfair to “buy,” while Wells Fargo raised its target to $130 with an “overweight” rating. Needham also raised its target to $133 and maintained a “buy” rating. Wayfair analyst forecasts
• Neutral Sentiment: Several firms remain cautious despite higher targets: BMO rates the shares “market perform” with a $115 target, RBC rates them “sector perform” with a $92 target, and Wedbush remains “neutral” with a $125 target.
• Negative Sentiment: International revenue declined 1.3%, and a debt-related charge contributed to a net loss. The stock’s pullback likely reflects profit-taking after its substantial earnings-driven surge and concerns that its valuation now discounts much of the recovery. Wayfair debt charge and cash flow

Insider Transactions at Wayfair

In related news, insider Jon Blotner sold 5,925 shares of the business’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $96.29, for a total value of $570,518.25. Following the transaction, the insider owned 117,344 shares in the company, valued at $11,299,053.76. The trade was a 4.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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. 18.44% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on W. Robert W. Baird set a $116.00 target price on Wayfair in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $120.00 target price on shares of Wayfair in a research report on Wednesday. Morgan Stanley restated an “overweight” rating on shares of Wayfair in a research note on Wednesday. Benchmark initiated coverage on Wayfair in a research report on Tuesday, July 7th. They set a “hold” rating on the stock. Finally, Wedbush boosted their price objective on Wayfair from $85.00 to $125.00 and gave the company a “neutral” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Wayfair has a consensus rating of “Moderate Buy” and a consensus price target of $118.04.

Wayfair Stock Performance

Shares of Wayfair stock opened at $107.82 on Thursday. The company has a market capitalization of $14.23 billion, a P/E ratio of -43.83, a PEG ratio of 6.24 and a beta of 2.99. Wayfair Inc. has a 1 year low of $55.60 and a 1 year high of $119.98. The company’s fifty day moving average is $86.07 and its two-hundred day moving average is $81.89.

Wayfair (NYSE:W) last announced its earnings results on Tuesday, August 4th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same period in the prior year, the company earned $0.87 earnings per share. The business’s revenue was up 7.5% compared to the same quarter last year. As a group, equities analysts expect that Wayfair Inc. will post 0.62 earnings per share for the current year.

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.