Artemis Investment Management LLP Purchases New Shares in Wayfair Inc. $W

Key Points

• Artemis Investment Management bought a new stake of 478,079 Wayfair shares valued at about $48.0M, and institutional investors now own roughly 89.67% of the company.
• Wayfair's Q1 results showed revenue of $2.93B (up 7.4% YoY) and EPS of $0.26 in line with estimates, but the company remains unprofitable with a negative net margin and negative return on equity.
• Despite some operational positives, several analysts cut price targets and insiders have sold heavily (about 703,785 shares worth ~$54M over 90 days), contributing to post‑earnings volatility.

Artemis Investment Management LLP bought a new stake in Wayfair Inc. (NYSE:W - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 478,079 shares of the company's stock, valued at approximately $48,004,000. Artemis Investment Management LLP owned 0.37% of Wayfair at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Wayfair by 29.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 67,023 shares of the company's stock worth $2,147,000 after purchasing an additional 15,084 shares during the last quarter. Prudential Financial Inc. grew its holdings in Wayfair by 30.4% during the 2nd quarter. Prudential Financial Inc. now owns 7,328 shares of the company's stock worth $375,000 after acquiring an additional 1,710 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Wayfair by 12.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,462 shares of the company's stock valued at $126,000 after buying an additional 270 shares in the last quarter. M&T Bank Corp bought a new stake in shares of Wayfair in the 2nd quarter valued at about $262,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Wayfair by 393.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 819 shares of the company's stock valued at $42,000 after buying an additional 653 shares in the last quarter. Hedge funds and other institutional investors own 89.67% of the company's stock.

Wayfair Trading Up 2.7%

W stock opened at $65.67 on Friday. The business has a 50 day simple moving average of $75.42 and a 200-day simple moving average of $91.43. Wayfair Inc. has a twelve month low of $29.68 and a twelve month high of $119.98. The company has a market capitalization of $8.59 billion, a P/E ratio of -27.03, a PEG ratio of 5.36 and a beta of 3.02.

Wayfair (NYSE:W - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.26 earnings per share for the quarter, meeting analysts' consensus estimates of $0.26. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.89 billion. Wayfair had a negative net margin of 2.41% and a negative return on equity of 2.21%. Wayfair's quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the firm posted $0.10 EPS. Research analysts predict that Wayfair Inc. will post 0.4 EPS for the current fiscal year.

Insider Buying and Selling at Wayfair

In other Wayfair news, Director Steven Conine sold 7,139 shares of the firm's stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $78.55, for a total value of $560,768.45. Following the sale, the director directly owned 429,073 shares of the company's stock, valued at approximately $33,703,684.15. This trade represents a 1.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Niraj Shah sold 6,137 shares of the firm's stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $78.62, for a total value of $482,490.94. Following the completion of the transaction, the chief executive officer owned 429,137 shares in the company, valued at approximately $33,738,750.94. This trade represents a 1.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 703,785 shares of company stock valued at $54,004,173. Insiders own 18.44% of the company's stock.

Wayfair News Roundup

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Q1 results showed revenue growth, active‑customer gains and margin progress — Wayfair reported net revenue up ~7.4% to $2.9B, a return to active customer growth and commentary about strong share capture, which underpins the bullish view on recovery and profitability. Press Release
• Positive Sentiment: Perigold (Wayfair’s luxury site) announced a high‑profile design partnership with NBC’s George to the Rescue and designer Corey Damen Jenkins — a brand/PR win that supports Perigold’s positioning and premium merchandising. Perigold Partnership
• Positive Sentiment: Company highlighted productive marketing moves — use of AI and influencer programs helped Wayfair outperform the weak furniture category in Q1 and contributed to faster adjusted‑EBITDA growth, a key positive for margin recovery expectations. PYMNTS Article
• Neutral Sentiment: Bares Capital trimmed its position in Wayfair — a modest portfolio adjustment from a long‑term holder; not necessarily a directional signal but worth watching for follow‑on moves. Bares Capital
• Neutral Sentiment: Ongoing consumer promotions and editorial placements (sales, product features) keep demand and traffic visible, supporting short‑term conversion but less predictive of sustainable earnings upside. Examples include features on Yahoo/People. Market Coverage
• Negative Sentiment: Multiple analysts cut price targets this morning (Guggenheim and Wells Fargo to $100; Needham to $83; Jefferies to $70). Although several kept buy/overweight ratings, the lower targets signal tepid near‑term upside expectations and likely contribute to selling pressure. Analyst Notes TickerReport
• Negative Sentiment: Market commentary flagged a “narrow” revenue beat but missed profitability expectations and described the furniture market as “choppy,” which has driven post‑earnings volatility and short‑term negative price action. Seeking Alpha
• Negative Sentiment: Insider selling: a company director sold roughly $8.7M of stock, which can increase investor caution even if it’s routine diversification. Insider Sale

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Wedbush reduced their price target on shares of Wayfair from $100.00 to $85.00 and set a "neutral" rating for the company in a research report on Friday, February 20th. Jefferies Financial Group cut their target price on shares of Wayfair from $86.00 to $70.00 and set a "hold" rating for the company in a report on Thursday. Stifel Nicolaus dropped their price target on shares of Wayfair from $100.00 to $89.00 and set a "hold" rating on the stock in a research note on Friday, February 20th. Royal Bank Of Canada dropped their price target on shares of Wayfair from $92.00 to $76.00 and set a "sector perform" rating on the stock in a research note on Thursday. Finally, Needham & Company LLC lowered their target price on shares of Wayfair from $125.00 to $83.00 and set a "buy" rating on the stock in a research note on Friday. One equities research 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 given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $97.30.

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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