Onex Canada Asset Management Inc. Purchases 34,187 Shares of Wayfair Inc. $W

Onex Canada Asset Management Inc. increased its holdings in Wayfair Inc. (NYSE:W) by 24.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 173,706 shares of the company’s stock after buying an additional 34,187 shares during the period. Wayfair accounts for 2.0% of Onex Canada Asset Management Inc.’s investment portfolio, making the stock its 18th biggest position. Onex Canada Asset Management Inc. owned approximately 0.13% of Wayfair worth $15,517,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC boosted its position in shares of Wayfair by 28,200.0% in the third quarter. Cornerstone Planning Group LLC now owns 283 shares of the company’s stock valued at $25,000 after acquiring an additional 282 shares during the period. True Wealth Design LLC grew 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 acquiring an additional 233 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in shares of Wayfair by 156.3% in the 3rd quarter. Global Retirement Partners LLC now owns 328 shares of the company’s stock worth $29,000 after purchasing an additional 200 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake 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 buying an additional 653 shares in the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new stake in shares of Wayfair in the 3rd quarter valued at $71,000. Institutional investors own 89.67% of the company’s stock.

Key Headlines 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.)

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on W. Stifel Nicolaus cut their target price on shares of Wayfair from $100.00 to $89.00 and set a “hold” rating on the stock in a report on Friday, February 20th. Wall Street Zen lowered shares of Wayfair from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Evercore set a $100.00 target price on Wayfair in a research note on Friday, February 20th. Morgan Stanley boosted their price target on Wayfair from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Wayfair in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $104.62.

Insiders Place Their Bets

In other news, CFO Kate Gulliver sold 36,497 shares of the stock in a transaction 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 transaction, the chief financial officer directly owned 149,238 shares of the company’s stock, valued at $15,893,847. This represents a 19.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Fiona Tan sold 9,000 shares of the stock in a transaction dated 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 completion of the transaction, the chief technology officer directly owned 200,328 shares in the company, valued at approximately $23,839,032. This represents a 4.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 890,494 shares of company stock worth $86,493,261. 21.91% of the stock is owned by corporate insiders.

Wayfair Stock Up 2.6%

Shares of W opened at $75.69 on Friday. The stock has a market cap of $9.90 billion, a P/E ratio of -31.15, a P/E/G ratio of 5.46 and a beta of 3.40. The business’s 50 day moving average price is $94.02 and its 200-day moving average price is $93.45. Wayfair Inc. has a 52 week low of $20.41 and a 52 week high of $119.98.

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.