BlackRock Discloses Passive Stake in Wayfair Inc.

TL;DR

**BlackRock owns a chunk of Wayfair, but it's a passive play.**

AI Summary

BlackRock Inc., a major investment firm, filed an SC 13G on January 31, 2024, disclosing its ownership of Wayfair Inc. Class A Common Stock as of December 31, 2023. This filing indicates that BlackRock holds a significant, but passive, stake in Wayfair, meaning they are not trying to influence management. For Wayfair shareholders, this shows that a large institutional investor sees value in the company, which can be a positive signal for the stock's stability and future prospects.

Why It Matters

This filing confirms a major institutional investor's continued interest in Wayfair, potentially signaling confidence in the company's long-term value.

Risk Assessment

Risk Level: low — This filing is routine for large institutional investors and does not indicate any immediate risk or significant change in company control.

Analyst Insight

Investors should note that BlackRock's passive stake suggests long-term confidence rather than an intent to influence Wayfair's operations, which can be a positive signal for stability.

Key Players & Entities

• BlackRock Inc. (company) — the reporting person, a major investment firm
• Wayfair Inc. (company) — the subject company, an online retailer
• Delaware (person) — place of organization for BlackRock Inc.
• December 31, 2023 (person) — date of event requiring the filing
• January 31, 2024 (person) — date the SC 13G was filed

FAQ

From the Filing

0001086364-24-006030.txt : 20240131 0001086364-24-006030.hdr.sgml : 20240131 20240131140826 ACCESSION NUMBER: 0001086364-24-006030 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240131 DATE AS OF CHANGE: 20240131 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Wayfair Inc. CENTRAL INDEX KEY: 0001616707 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-CATALOG & MAIL-ORDER HOUSES [5961] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 364791999 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-88346 FILM NUMBER: 24582129 BUSINESS ADDRESS: STREET 1: 4 COPLEY PLACE CITY: BOSTON STATE: MA ZIP: 02116 BUSINESS PHONE: 617 532 6100 MAIL ADDRESS: STREET 1: 4 COPLEY PLACE CITY: BOSTON STATE: MA ZIP: 02116 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G 1 us94419l1017_013124.txt us94419l1017_013124.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: ) WAYFAIR INC. -------------------------------------------------------- (Name of Issuer) Class A Common Stock -------------------------------------------------------- (Title of Class of Securities) 94419L101 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 94419L101 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 4593068 (6) Shared voting power 0 (7) Sole dispositive power 5007948 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 5007948 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 5.4% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- WAYFAIR INC. Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 4 COPLEY PLACE BOSTON MA 02116 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, residence: ----------------------------------------------------------------------- BlackRock, Inc. 50 Hudson Yards N