Range Financial Group LLC Invests $1.33 Million in Wayfair Inc. $W

Range Financial Group LLC bought a new stake in Wayfair Inc. (NYSE:W) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 14,891 shares of the company’s stock, valued at approximately $1,330,000.

A number of other institutional investors and hedge funds also recently modified their holdings of W. EverSource Wealth Advisors LLC boosted its position in 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. Parallel Advisors LLC raised its stake in shares of Wayfair by 229.0% during the 2nd quarter. Parallel Advisors LLC now owns 1,576 shares of the company’s stock worth $81,000 after purchasing an additional 1,097 shares during the period. IFP Advisors Inc boosted its holdings in shares of Wayfair by 49.3% in the 2nd quarter. IFP Advisors Inc now owns 1,869 shares of the company’s stock worth $96,000 after buying an additional 617 shares during the last quarter. GFG Capital LLC bought a new position in Wayfair during the second quarter valued at about $102,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Wayfair by 12.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,462 shares of the company’s stock worth $126,000 after buying an additional 270 shares during the last quarter. 89.67% of the stock is owned by hedge funds and other institutional investors.

Wayfair Price Performance

NYSE:W opened at $101.96 on Tuesday. Wayfair Inc. has a 1 year low of $20.41 and a 1 year high of $114.92. The stock’s fifty day moving average price is $100.33 and its two-hundred day moving average price is $81.55. The company has a market cap of $13.29 billion, a P/E ratio of -39.83 and a beta of 3.25.

Wayfair (NYSE:W) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.26. The company had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.01 billion. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.22 earnings per share. On average, analysts expect that Wayfair Inc. will post -2.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Kate Gulliver sold 9,612 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $102.20, for a total value of $982,346.40. Following the sale, the chief financial officer directly owned 175,497 shares of the company’s stock, valued at approximately $17,935,793.40. This represents a 5.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Fiona Tan sold 6,347 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $100.54, for a total transaction of $638,127.38. Following the transaction, the chief technology officer directly owned 198,860 shares of the company’s stock, valued at approximately $19,993,384.40. This represents a 3.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 1,085,959 shares of company stock valued at $103,711,474. Corporate insiders own 21.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on W shares. Royal Bank Of Canada boosted their target price on shares of Wayfair from $51.00 to $86.00 and gave the company a “sector perform” rating in a research note on Thursday, October 30th. Jefferies Financial Group downgraded Wayfair from a “buy” rating to a “hold” rating and set a $94.00 price objective on the stock. in a research note on Wednesday, December 3rd. Argus increased their price objective on Wayfair from $105.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Wells Fargo & Company boosted their target price on Wayfair from $90.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Wayfair in a research report on Friday, November 21st. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Wayfair presently has an average rating of “Moderate Buy” and a consensus price target of $105.29.

More Wayfair News

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Analysts give Wayfair an overall “Moderate Buy” consensus, which supports demand expectations and could be bullish for the stock if execution continues to beat estimates. Analyst Note
• Neutral Sentiment: Multiple consumer-focused pieces highlight heavy Wayfair discounting on big-ticket items (sleeper sofas, storage cabinets, sectional sets). These articles may boost traffic and short?term sales but are unlikely to move the stock materially on their own. Links: Cabinet Deal Sofa Deal Chair Deal Sectional Deal
• Neutral Sentiment: There is broader market commentary (e.g., precious?metals and mining coverage) included in feeds that is unrelated to Wayfair’s business and unlikely to affect its share price. Market Commentary
• Negative Sentiment: Insider sales by co?founders Niraj Shah (CEO) and Steven Conine: each sold 120,000 shares on Dec. 23 (~$100.27–$100.28 avg) and 30,000 shares on Dec. 26 (~$102.32–$102.33 avg). Proceeds per insider ? $15.1M (combined ? $30.2M). The transactions reduced each insider’s holdings by roughly 20% then an additional ~6%, and are disclosed in SEC Form 4 filings — large founder sales can pressure sentiment even if motivated by diversification or tax planning. SEC filings: Niraj Shah Niraj Shah Form 4; Steven Conine Steven Conine Form 4

About Wayfair

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.