Neo Ivy Capital Management Sells 43,953 Shares of Wayfair Inc. $W

Key Points

• Neo Ivy Capital Management cut its stake in Wayfair by 87.5%, selling 43,953 shares in Q3 and ending the quarter with 6,282 shares worth $561,000.
• Insider selling has been heavy: co‑founders Steven Conine and Niraj Shah each sold 150,000 shares at $108.87 (about $16.33M each), and insiders have sold 890,494 shares (~$86.5M) over the last 90 days, leaving insiders with 21.91% ownership.
• Institutional activity is strong and mixed — Dimensional Fund Advisors boosted its stake >310% to 607,511 shares while American Century initiated a ~$58.9M position, bringing institutional ownership to 89.67% — analysts hold a consensus "Moderate Buy" with a $104.62 price target even as the stock trades below its 50‑ and 200‑day moving averages and opened at $76.15.

Neo Ivy Capital Management cut its stake in Wayfair Inc. (NYSE:W - Free Report) by 87.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,282 shares of the company's stock after selling 43,953 shares during the quarter. Neo Ivy Capital Management's holdings in Wayfair were worth $561,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in Wayfair by 310.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 607,511 shares of the company's stock worth $54,268,000 after purchasing an additional 459,454 shares during the period. Cresset Asset Management LLC lifted its holdings in shares of Wayfair by 6.0% in the third quarter. Cresset Asset Management LLC now owns 38,842 shares of the company's stock worth $3,470,000 after buying an additional 2,212 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in shares of Wayfair by 2.4% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 141,792 shares of the company's stock valued at $12,666,000 after acquiring an additional 3,300 shares during the period. Focus Partners Advisor Solutions LLC purchased a new position in Wayfair during the third quarter valued at approximately $545,000. Finally, American Century Companies Inc. bought a new stake in Wayfair during the 3rd quarter worth approximately $58,948,000. 89.67% of the stock is currently owned by institutional investors.

Insider Activity at Wayfair

In other Wayfair news, insider Steven Conine sold 150,000 shares of the firm's stock in a transaction dated 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 sale, the insider owned 289,073 shares in the company, valued at $31,471,377.51. This trade represents a 34.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Niraj Shah sold 150,000 shares of Wayfair stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $108.87, for a total value of $16,330,500.00. Following the sale, the chief executive officer directly owned 289,137 shares of the company's stock, valued at approximately $31,478,345.19. This trade represents a 34.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 890,494 shares of company stock valued at $86,493,261 over the last 90 days. 21.91% of the stock is owned by insiders.

Wayfair Stock Performance

Wayfair stock opened at $76.15 on Monday. Wayfair Inc. has a fifty-two week low of $20.41 and a fifty-two week high of $119.98. The stock has a market cap of $9.96 billion, a P/E ratio of -31.34, a price-to-earnings-growth ratio of 5.64 and a beta of 3.40. The firm's fifty day moving average price is $96.73 and its 200-day moving average price is $93.72.

Key Stories Impacting Wayfair

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Citi lowered its price target from $135 to $110 but kept a Buy rating, saying Wayfair is positioned to expand margins — the note keeps a meaningful upside case that can support the stock. Wayfair (W) Positioned to Expand Margins
• Neutral Sentiment: Heavy promotional activity and broad consumer-media coverage (72-hour clearout, seasonal/pastel shop, best-seller deals) should drive traffic and sales volume but also imply discounting that can pressure near-term margins. Representative coverage: Wayfair’s 72-Hour Clearout Sale is here and the storage bed deals are incredible
• Neutral Sentiment: Multiple lifestyle pieces (best-sellers, spring decor, product features) amplify brand visibility and seasonal demand, which can help top-line growth even if margins fluctuate. Example coverage: Wayfair's best-sellers list includes a cloud-like sofa bed for $590+ off—plus 9 other must-see deals from $16
• Negative Sentiment: Co‑founder Steven Conine sold about $2.1M of stock in late Feb — insider selling can be read negatively by investors as a signal of reduced insider conviction or simple diversification, adding downward pressure. Wayfair's Co-Founder Sells Company Shares Worth USD2.1 Million
• Negative Sentiment: Technicals argue caution: the stock is trading below both its 50‑day ($96.73) and 200‑day ($93.72) moving averages, which tends to weigh on momentum and can amplify selling in volatile names. Wayfair Trading Data

Analysts Set New Price Targets

Several analysts have issued reports on W shares. Weiss Ratings reiterated a "sell (d-)" rating on shares of Wayfair in a research note on Wednesday, January 21st. The Goldman Sachs Group set a $92.00 price target on shares of Wayfair in a research report on Friday, February 20th. Wall Street Zen cut shares of Wayfair from a "buy" rating to a "hold" rating in a report on Saturday, February 21st. JPMorgan Chase & Co. dropped their price objective on Wayfair from $114.00 to $105.00 and set an "overweight" rating for the company in a research note on Friday, February 20th. Finally, Evercore set a $100.00 target price on Wayfair in a research report on Friday, February 20th. One equities research 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 company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $104.62.

Wayfair 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.

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