FMR LLC & Abigail Johnson Maintain 15.094% Stake in Wayfair

TL;DR

**FMR LLC and Abigail Johnson still own over 15% of Wayfair, showing continued confidence.**

AI Summary

FMR LLC, a major investment firm, and its CEO, Abigail P. Johnson, have updated their ownership stake in Wayfair Inc. (W) Class A Common Stock. As of February 9, 2024, they collectively beneficially own 13,945,936 shares, representing 15.094% of the company. This filing, an amendment to a previous Schedule 13G, indicates a significant, but not new, passive ownership position, signaling FMR's continued confidence in Wayfair without seeking control.

Why It Matters

This filing confirms a major institutional investor's continued significant, passive stake in Wayfair, which can reassure other investors about the company's long-term prospects.

Risk Assessment

Risk Level: low — This is a routine update from a passive investor, indicating no immediate change in company control or strategy.

Analyst Insight

Investors should view this as a confirmation of a major institutional holder's continued, stable interest in Wayfair, rather than a signal for immediate buying or selling. It reinforces the existing ownership structure.

Key Numbers

• 13,945,936 — shares beneficially owned (total Class A Common Stock shares held by FMR LLC and Abigail P. Johnson in Wayfair Inc.)
• 15.094% — percent of class (percentage of Wayfair Inc. Class A Common Stock beneficially owned by FMR LLC and Abigail P. Johnson)
• 0001616707 — Wayfair Inc. CIK (Central Index Key for Wayfair Inc.)
• 0000315066 — FMR LLC CIK (Central Index Key for FMR LLC)

Key Players & Entities

• FMR LLC (company) — reporting person and parent holding company
• Abigail P. Johnson (person) — reporting person, likely CEO of FMR LLC
• Wayfair Inc. (company) — the issuer of the securities
• 07 Trade & Services (company) — organization name associated with Wayfair Inc.

Forward-Looking Statements

• FMR LLC will maintain a significant, passive ownership stake in Wayfair Inc. for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-09
• Wayfair Inc.'s stock price will not experience significant volatility directly due to this passive ownership update. (Wayfair Inc.) — high confidence, target: 2024-03-09

FAQ

From the Filing

0000315066-24-001583.txt : 20240209 0000315066-24-001583.hdr.sgml : 20240209 20240209100520 ACCESSION NUMBER: 0000315066-24-001583 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 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/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-88346 FILM NUMBER: 24612645 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: FMR LLC CENTRAL INDEX KEY: 0000315066 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 043532603 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 6175706339 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: FMR CORP DATE OF NAME CHANGE: 19920717 SC 13G/A 1 filing.txt SCHEDULE 13G Amendment No.12 WAYFAIR INC CLASS A COMMON STOCK Cusip #94419L101 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) Cusip #94419L101 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 13,945,876 Item 6: 0 Item 7: 13,945,936 Item 8: 0 Item 9: 13,945,936 Item 11: 15.094% Item 12: HC Cusip #94419L101 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 13,945,936 Item 8: 0 Item 9: 13,945,936 Item 11: 15.094% Item 12: IN Item 1(a). Name of Issuer: WAYFAIR INC Item 1(b). Address of Issuer's Principal Executive Offices: 4 Copley Place Boston, MA 02116 USA Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: CLASS A COMMON STOCK Item 2(e). CUSIP Number: 94419L101 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 13,945,936 (b) Percent of Class: 15.094% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 13,945,936 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the CLASS A COMMON STOCK of WAYFAIR INC. The interest of Fidelity Growth Company Commingled Pool, in the CLASS A COMMON STOCK of WAYFAIR INC, amounted to 4,834,301 shares or 5.232% of the total outstanding CLASS A COMMON STOCK at December 29, 2023. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certifications. By signing below I certify that, to the best of my knowledge and belief,