Baillie Gifford & Co. Has $305.57 Million Stock Holdings in Wayfair Inc. (NYSE:W)

Baillie Gifford & Co. cut its stake in shares of Wayfair Inc. (NYSE:W - Free Report) by 2.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,439,120 shares of the company's stock after selling 149,047 shares during the period. Baillie Gifford & Co. owned about 4.41% of Wayfair worth $305,570,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of W. Vanguard Group Inc. lifted its holdings in shares of Wayfair by 4.5% in the first quarter. Vanguard Group Inc. now owns 8,467,900 shares of the company's stock worth $574,801,000 after buying an additional 363,948 shares in the last quarter. SageView Advisory Group LLC bought a new position in shares of Wayfair during the 1st quarter valued at about $937,000. Sei Investments Co. increased its holdings in shares of Wayfair by 14.6% in the first quarter. Sei Investments Co. now owns 100,447 shares of the company's stock worth $6,818,000 after purchasing an additional 12,809 shares during the last quarter. Highland Peak Capital LLC purchased a new stake in shares of Wayfair in the second quarter worth about $5,165,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new position in Wayfair during the second quarter valued at approximately $8,189,000. Hedge funds and other institutional investors own 89.67% of the company's stock.

Wayfair Price Performance

Shares of W stock traded up $2.39 during trading hours on Tuesday, hitting $40.16. The stock had a trading volume of 4,925,524 shares, compared to its average volume of 4,438,359. The stock's 50 day moving average is $48.40 and its 200 day moving average is $51.78. The firm has a market capitalization of $5.03 billion, a PE ratio of -8.41 and a beta of 3.46. Wayfair Inc. has a twelve month low of $37.58 and a twelve month high of $76.18.

Wayfair (NYSE:W - Get Free Report) last posted its quarterly earnings results on Friday, November 1st. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.13 by $0.09. The business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same period in the prior year, the business earned ($1.38) earnings per share. The firm's quarterly revenue was down 2.0% compared to the same quarter last year. As a group, equities analysts predict that Wayfair Inc. will post -2.92 earnings per share for the current year.

Wall Street Analyst Weigh In

W has been the topic of several recent research reports. Royal Bank of Canada decreased their price objective on Wayfair from $53.00 to $50.00 and set a "sector perform" rating on the stock in a report on Monday, November 4th. The Goldman Sachs Group dropped their price objective on shares of Wayfair from $67.00 to $54.00 and set a "neutral" rating for the company in a research note on Friday, August 2nd. Argus cut shares of Wayfair from a "buy" rating to a "hold" rating in a research report on Monday, August 26th. Barclays reduced their price objective on Wayfair from $58.00 to $51.00 and set an "equal weight" rating on the stock in a research note on Monday, August 5th. Finally, Robert W. Baird dropped their target price on Wayfair from $56.00 to $50.00 and set a "neutral" rating for the company in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $60.28.

Insider Activity

In other Wayfair news, COO Thomas Netzer sold 1,011 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $49.42, for a total transaction of $49,963.62. Following the transaction, the chief operating officer now owns 151,802 shares of the company's stock, valued at $7,502,054.84. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, CFO Kate Gulliver sold 7,330 shares of the business's stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $53.05, for a total value of $388,856.50. Following the transaction, the chief financial officer now owns 117,947 shares in the company, valued at approximately $6,257,088.35. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Thomas Netzer sold 1,011 shares of the business's stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $49.42, for a total value of $49,963.62. Following the transaction, the chief operating officer now owns 151,802 shares of the company's stock, valued at $7,502,054.84. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,868 shares of company stock worth $2,003,248 over the last ninety days. 26.81% of the stock is currently owned by insiders.

About Wayfair

Wayfair Inc provides e-commerce business in the United States and internationally. The company offers approximately thirty million products for the home sector. It offers online selections of furniture, décor, housewares, and home improvement products through its sites consisting of Wayfair, Joss & Main, AllModern, Birch Lane, Perigold, and Wayfair Professional.