Night Squared LP Takes Position in Wayfair Inc. $W

Night Squared LP purchased a new stake in shares of Wayfair Inc. (NYSE:W) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 60,416 shares of the company’s stock, valued at approximately $5,397,000. Wayfair makes up about 1.9% of Night Squared LP’s portfolio, making the stock its 21st largest holding.

A number of other hedge funds also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC lifted its position in Wayfair by 28,200.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 283 shares of the company’s stock valued at $25,000 after acquiring an additional 282 shares in the last quarter. True Wealth Design LLC increased its holdings in shares of Wayfair by 250.5% in the 3rd quarter. True Wealth Design LLC now owns 326 shares of the company’s stock worth $29,000 after purchasing an additional 233 shares in the last quarter. Global Retirement Partners LLC raised its stake in shares of Wayfair by 156.3% in the third quarter. Global Retirement Partners LLC now owns 328 shares of the company’s stock worth $29,000 after purchasing an additional 200 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Wayfair by 393.4% in the second quarter. EverSource Wealth Advisors LLC now owns 819 shares of the company’s stock worth $42,000 after purchasing an additional 653 shares during the last quarter. Finally, Comerica Bank lifted its holdings in shares of Wayfair by 56.5% during the third quarter. Comerica Bank now owns 634 shares of the company’s stock valued at $57,000 after purchasing an additional 229 shares in the last quarter. 89.67% of the stock is currently owned by hedge funds and other institutional investors.

Wayfair News Roundup

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.)

Analyst Ratings Changes

W has been the topic of several recent analyst reports. Jefferies Financial Group reaffirmed a “hold” rating on shares of Wayfair in a research report on Tuesday. Robert W. Baird lowered their target price on shares of Wayfair from $98.00 to $85.00 and set a “neutral” rating on the stock in a research note on Friday, February 20th. UBS Group reaffirmed a “buy” rating on shares of Wayfair in a report on Tuesday, February 17th. The Goldman Sachs Group set a $92.00 price target on shares of Wayfair in a research note on Friday, February 20th. Finally, Piper Sandler reissued an “overweight” rating and set a $125.00 price objective on shares of Wayfair in a 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 issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Wayfair has a consensus rating of “Moderate Buy” and a consensus price target of $104.62.

Insider Buying and Selling at Wayfair

In other news, CTO Fiona Tan sold 9,000 shares of the stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $119.00, for a total value of $1,071,000.00. Following the transaction, the chief technology officer owned 200,328 shares in the company, valued at $23,839,032. This represents a 4.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Kate Gulliver sold 36,497 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $106.50, for a total transaction of $3,886,930.50. Following the completion of the transaction, the chief financial officer directly owned 149,238 shares in the company, valued at approximately $15,893,847. The trade was a 19.65% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 890,494 shares of company stock worth $86,493,261. 21.91% of the stock is owned by corporate insiders.

Wayfair Stock Performance

Wayfair stock opened at $75.69 on Friday. The stock has a market cap of $9.90 billion, a PE ratio of -31.15, a price-to-earnings-growth ratio of 5.46 and a beta of 3.40. Wayfair Inc. has a one year low of $20.41 and a one year high of $119.98. The stock has a fifty day moving average of $94.02 and a 200 day moving average of $93.45.

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.