Baillie Gifford & Co. Has $370.65 Million Stock Holdings in Wayfair Inc. $W

Baillie Gifford & Co. lowered its stake in Wayfair Inc. (NYSE:W) by 26.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,149,211 shares of the company’s stock after selling 1,514,952 shares during the period. Baillie Gifford & Co. owned 3.20% of Wayfair worth $370,649,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of W. True Wealth Design LLC lifted its stake in shares of Wayfair by 250.5% in the 3rd quarter. True Wealth Design LLC now owns 326 shares of the company’s stock valued at $29,000 after acquiring an additional 233 shares during the last quarter. Global Retirement Partners LLC increased its holdings in Wayfair by 156.3% in the 3rd quarter. Global Retirement Partners LLC now owns 328 shares of the company’s stock worth $29,000 after purchasing an additional 200 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Wayfair by 393.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 819 shares of the company’s stock worth $42,000 after purchasing an additional 653 shares in the last quarter. IFP Advisors Inc raised its position in Wayfair by 49.3% in the second quarter. IFP Advisors Inc now owns 1,869 shares of the company’s stock valued at $96,000 after purchasing an additional 617 shares during the last quarter. Finally, GFG Capital LLC acquired a new stake in shares of Wayfair during the second quarter valued at about $102,000. Institutional investors own 89.67% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Kate Gulliver sold 36,497 shares of Wayfair stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $106.50, for a total value of $3,886,930.50. Following the completion of the sale, the chief financial officer owned 149,238 shares in the company, valued at $15,893,847. The trade was a 19.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Steven Conine sold 30,000 shares of the business’s stock in a transaction on Friday, December 26th. The shares were sold at an average price of $102.33, for a total transaction of $3,069,900.00. Following the transaction, the insider owned 439,073 shares in the company, valued at $44,930,340.09. The trade was a 6.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 726,453 shares of company stock valued at $75,392,987 in the last 90 days. Company insiders own 21.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on W shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Wayfair in a research note on Wednesday. Needham & Company LLC upped their price target on shares of Wayfair from $83.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Canaccord Genuity Group raised their price target on shares of Wayfair from $100.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Wells Fargo & Company boosted their price objective on shares of Wayfair from $90.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Finally, BMO Capital Markets set a $110.00 price objective on Wayfair and gave the company a “market perform” rating in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Wayfair currently has an average rating of “Moderate Buy” and an average price target of $107.21.

Wayfair Stock Down 0.5%

Shares of NYSE W opened at $109.62 on Friday. The company has a market capitalization of $14.29 billion, a PE ratio of -42.82, a P/E/G ratio of 8.69 and a beta of 3.31. Wayfair Inc. has a twelve month low of $20.41 and a twelve month high of $119.98. The firm has a fifty day simple moving average of $104.58 and a 200 day simple moving average of $88.93.

Wayfair (NYSE:W) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.26. The business had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.01 billion. The business’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.22 earnings per share. As a group, equities analysts expect that Wayfair Inc. will post -2.54 earnings per share for the current fiscal year.

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.