ING Groep NV Takes Position in Wayfair Inc. $W

ING Groep NV 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 55,400 shares of the company’s stock, valued at approximately $4,949,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in W. Cornerstone Planning Group LLC boosted its stake in Wayfair by 28,200.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 283 shares of the company’s stock valued at $25,000 after purchasing an additional 282 shares during the last quarter. True Wealth Design LLC boosted its position in shares of Wayfair by 250.5% during the third quarter. True Wealth Design LLC now owns 326 shares of the company’s stock valued at $29,000 after buying an additional 233 shares during the last quarter. Global Retirement Partners LLC increased its holdings in 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 buying an additional 200 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new position in Wayfair in the 3rd quarter worth about $71,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Wayfair by 393.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 819 shares of the company’s stock valued at $42,000 after acquiring an additional 653 shares during the period. 89.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on W shares. BMO Capital Markets set a $110.00 price target on shares of Wayfair and gave the stock a “market perform” rating in a research note on Wednesday, October 29th. Morgan Stanley lifted their target price on shares of Wayfair from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Wells Fargo & Company increased their price target on Wayfair from $90.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Piper Sandler reaffirmed an “overweight” rating on shares of Wayfair in a report on Friday, November 21st. Finally, Guggenheim increased their target price on Wayfair from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $107.21.

Wayfair Stock Performance

Shares of Wayfair stock opened at $82.48 on Friday. The stock has a market cap of $10.75 billion, a P/E ratio of -32.22, a P/E/G ratio of 8.41 and a beta of 3.36. The stock’s fifty day moving average is $103.08 and its 200 day moving average is $92.83. Wayfair Inc. has a one year low of $20.41 and a one year high of $119.98.

Key Wayfair News

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Broad media coverage of Wayfair’s Presidents Day promotions and deep discounts could drive short-term site traffic and sales, supporting revenue ahead of the quarter. Martha Stewart’s and Joanna Gaines’ Washable Wayfair Rugs Are on Sale Today — Shop Our Top Picks for Up to 76% Off
• Neutral Sentiment: Wayfair is scheduled to report quarterly results next week; the market is positioning ahead of the print, so near-term volatility may persist as investors await concrete top-/bottom-line numbers. Wayfair (W) Expected to Announce Quarterly Earnings on Thursday
• Neutral Sentiment: Technical and volume context: volume is running above average and the stock sits below its 50-day moving average (50‑day: $103.08; 200‑day: $92.83), signaling near-term weakness that could amplify moves ahead of the report. (Background: market data)
• Negative Sentiment: Analyst preview from Zacks says Wayfair “doesn’t possess the right combination” of the factors that typically lead to an earnings beat, lowering expectations for a positive surprise and adding downside risk to the share price into the print. Wayfair (W) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
• Negative Sentiment: Widespread steep markdowns (clearance and heavy discounts across brand lines) that drive headlines may boost unit demand but can erode gross margins if sustained; investors will watch the company’s commentary on margin mix and fulfillment costs in the quarter. Wayfair is selling a $789 vintage-style mid-century modern sofa for $210

Insider Buying and Selling

In other Wayfair news, insider Steven Conine sold 150,000 shares of Wayfair stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $108.87, for a total transaction of $16,330,500.00. Following the transaction, the insider owned 289,073 shares of the company’s stock, valued at $31,471,377.51. The trade was a 34.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Niraj Shah sold 150,000 shares of the company’s stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $108.87, for a total transaction of $16,330,500.00. Following the completion of the transaction, the chief executive officer owned 289,137 shares of the company’s stock, valued at approximately $31,478,345.19. The trade was a 34.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 950,494 shares of company stock valued at $100,127,813 in the last 90 days. Corporate insiders own 21.91% of the company’s stock.

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.