ProShare Advisors LLC Has $4.08 Million Position in Wayfair Inc. $W

ProShare Advisors LLC lessened its stake in Wayfair Inc. (NYSE:W) by 45.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,709 shares of the company’s stock after selling 38,145 shares during the period. ProShare Advisors LLC’s holdings in Wayfair were worth $4,083,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc increased its stake in shares of Wayfair by 8.4% in the 3rd quarter. Versant Capital Management Inc now owns 1,948 shares of the company’s stock valued at $174,000 after buying an additional 151 shares during the period. Global Retirement Partners LLC lifted its stake in shares of Wayfair by 156.3% during the third quarter. Global Retirement Partners LLC now owns 328 shares of the company’s stock valued at $29,000 after acquiring an additional 200 shares during the period. Daiwa Securities Group Inc. boosted its holdings in Wayfair by 3.0% in the second quarter. Daiwa Securities Group Inc. now owns 6,882 shares of the company’s stock valued at $352,000 after acquiring an additional 200 shares during the last quarter. True Wealth Design LLC increased its position in Wayfair by 250.5% in the third quarter. True Wealth Design LLC now owns 326 shares of the company’s stock worth $29,000 after purchasing an additional 233 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Wayfair by 12.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,462 shares of the company’s stock worth $126,000 after purchasing an additional 270 shares during the last quarter. 89.67% of the stock is currently owned by institutional investors.

Wayfair Stock Performance

Shares of NYSE W opened at $82.41 on Friday. Wayfair Inc. has a 52-week low of $20.41 and a 52-week high of $119.98. The stock has a market cap of $10.74 billion, a P/E ratio of -32.19, a P/E/G ratio of 7.88 and a beta of 3.36. The firm has a 50 day moving average price of $102.83 and a 200 day moving average price of $92.93.

Key Stories Impacting Wayfair

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Wide national coverage of Wayfair’s Presidents’ Day sales should drive site traffic and short-term order volumes; heavy placement in Forbes and other outlets increases reach. The Best Patio Furniture Sales This Weekend: Up To 70% Off Wayfair, West Elm And More
• Positive Sentiment: Multiple pieces spotlight branded assortment (Martha Stewart, Joanna Gaines, Kelly Clarkson) and category clearance deals that can accelerate sell-through and attract repeat customers. Martha Stewart, Kelly Clarkson, and Joanna Gaines’ Wayfair rugs are up to 88% off this weekend — shop 15 plush picks
• Neutral Sentiment: Wayfair is scheduled to report quarterly results next week; calendar/timing risk is resolved but results will drive near-term direction. Wayfair (W) Expected to Announce Quarterly Earnings on Thursday
• Negative Sentiment: Analyst previews and models signal the company may lack the mix of top-line beats and margin upside needed for an earnings beat, increasing the risk of downside to consensus. Wayfair (W) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
• Negative Sentiment: Extremely deep discounts reported across outlets (some items advertised up to ~80–89% off) can boost volume while compressing average selling price and gross margins — a potential near-term profit headwind. The 50 Best Deals to Shop at Wayfair’s Presidents Day Sale — Rugs, Storage Solutions, and More Are Up to 89% Off

Insider Activity

In related news, CEO Niraj Shah sold 150,000 shares of the company’s stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $108.87, for a total value of $16,330,500.00. Following the completion of the sale, the chief executive officer owned 289,137 shares in the company, valued at $31,478,345.19. This represents a 34.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Steven Conine sold 150,000 shares of the firm’s stock in a transaction 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 $31,471,377.51. The trade was a 34.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 950,494 shares of company stock worth $100,127,813 over the last quarter. Corporate insiders own 21.91% of the company’s stock.

Analyst Upgrades and Downgrades

W has been the topic of a number of research reports. Wells Fargo & Company upped their target price on shares of Wayfair from $90.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Morgan Stanley increased their price objective on shares of Wayfair from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Argus raised their price objective on shares of Wayfair from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. UBS Group lifted their target price on shares of Wayfair from $102.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Finally, TD Cowen reissued a “hold” rating on shares of Wayfair in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $107.21.

Wayfair Company 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.