68,358 Shares in Wayfair Inc. $W Purchased by Pinnbrook Capital Management LP

Key Points

• Pinnbrook Capital Management bought 68,358 shares of Wayfair (≈$6.11M) in Q3, joining other institutional buyers as institutions now hold about 89.67% of the stock.
• Major insider selling has occurred recently: co‑founder Steven Conine sold 150,000 shares for ~$16.33M (avg $108.87) and CFO Kate Gulliver sold 36,497 shares, with insiders offloading 890,494 shares (~$86.5M) over the past 90 days.
• Wayfair remains volatile—market cap ≈$9.9B, 52‑week range $20.41–$119.98—and Wall Street has a consensus "Moderate Buy" with a price target of about $104.62, though the stock sits below its 50‑ and 200‑day moving averages.

Pinnbrook Capital Management LP bought a new stake in Wayfair Inc. (NYSE:W - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 68,358 shares of the company's stock, valued at approximately $6,106,000. Pinnbrook Capital Management LP owned about 0.05% of Wayfair as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. FORA Capital LLC acquired a new stake in Wayfair during the 3rd quarter valued at approximately $1,355,000. Avalon Global Asset Management LLC acquired a new stake in shares of Wayfair in the third quarter worth $3,573,000. Limestone Investment Advisors LP purchased a new position in shares of Wayfair during the third quarter worth $953,000. Entropy Technologies LP purchased a new position in shares of Wayfair during the third quarter worth $4,733,000. Finally, Wolf Hill Capital Management LP lifted its position in Wayfair by 98.2% during the third quarter. Wolf Hill Capital Management LP now owns 783,600 shares of the company's stock valued at $69,999,000 after purchasing an additional 388,160 shares during the period. 89.67% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Steven Conine sold 150,000 shares of Wayfair 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 sale, the insider owned 289,073 shares of the company's stock, valued at approximately $31,471,377.51. This trade represents a 34.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kate Gulliver sold 36,497 shares of the company's 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 owned 149,238 shares of the company's stock, valued at $15,893,847. This represents a 19.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, 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%

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

Key Wayfair News

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 equities research analysts have commented on W shares. Morgan Stanley upped their price target on shares of Wayfair from $130.00 to $140.00 and gave the company an "overweight" rating in a report on Thursday, January 15th. Jefferies Financial Group reissued a "hold" rating on shares of Wayfair in a report on Tuesday. Robert W. Baird lowered their target price on 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. Finally, Wedbush reduced their price target on Wayfair from $100.00 to $85.00 and set a "neutral" rating for the company in a research report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $104.62.

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.

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