Baillie Gifford & Co. Grows Holdings in Wayfair Inc. (W)

Baillie Gifford & Co. boosted its position in shares of Wayfair Inc. (NYSE:W) by 5.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,914,674 shares of the company’s stock after purchasing an additional 102,460 shares during the quarter. Baillie Gifford & Co. owned about 2.21% of Wayfair worth $147,200,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in Wayfair by 9.6% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,820 shares of the company’s stock worth $114,000 after purchasing an additional 247 shares during the period. First Personal Financial Services increased its holdings in Wayfair by 12.8% during the 2nd quarter. First Personal Financial Services now owns 2,792 shares of the company’s stock worth $215,000 after purchasing an additional 317 shares during the period. BNP Paribas Arbitrage SA increased its holdings in Wayfair by 96.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock worth $105,000 after purchasing an additional 667 shares during the period. Nationwide Fund Advisors increased its holdings in Wayfair by 2.1% during the 1st quarter. Nationwide Fund Advisors now owns 33,721 shares of the company’s stock worth $1,365,000 after purchasing an additional 709 shares during the period. Finally, Pacer Advisors Inc. increased its holdings in Wayfair by 18.9% during the 2nd quarter. Pacer Advisors Inc. now owns 4,903 shares of the company’s stock worth $377,000 after purchasing an additional 779 shares during the period.

Shares of Wayfair Inc. (NYSE W) traded up 4.65% on Friday, reaching $77.23. The company had a trading volume of 2,053,396 shares. Wayfair Inc. has a 12 month low of $27.60 and a 12 month high of $82.19. The firm’s market capitalization is $6.73 billion. The firm’s 50 day moving average is $72.75 and its 200 day moving average is $59.80.

Wayfair (NYSE:W) last posted its earnings results on Tuesday, August 8th. The company reported ($0.26) EPS for the quarter, beating the consensus estimate of ($0.69) by $0.43. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.06 billion. Wayfair had a negative return on equity of 335.44% and a negative net margin of 5.10%. Wayfair’s revenue for the quarter was up 42.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.43) earnings per share. On average, equities research analysts expect that Wayfair Inc. will post ($1.45) earnings per share for the current fiscal year.

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Several research firms have commented on W. Piper Jaffray Companies set a $87.00 price objective on Wayfair and gave the stock a “buy” rating in a report on Saturday, July 1st. Canaccord Genuity restated a “buy” rating on shares of Wayfair in a report on Tuesday, August 8th. Buckingham Research restated a “buy” rating and set a $95.00 price objective on shares of Wayfair in a report on Thursday, August 10th. BidaskClub downgraded Wayfair from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Finally, Credit Suisse Group raised their price objective on Wayfair from $75.00 to $78.00 and gave the stock a “neutral” rating in a report on Wednesday, August 9th. Nine research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Wayfair presently has an average rating of “Buy” and an average target price of $70.86.

In other Wayfair news, CFO Michael D. Fleisher sold 4,730 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $65.80, for a total transaction of $311,234.00. Following the transaction, the chief financial officer now owns 45,580 shares of the company’s stock, valued at $2,999,164. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO James Savarese sold 21,663 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $80.32, for a total value of $1,739,972.16. Following the transaction, the chief operating officer now directly owns 533,821 shares in the company, valued at approximately $42,876,502.72. The disclosure for this sale can be found here. Insiders sold 923,222 shares of company stock worth $67,982,369 in the last three months. 56.93% of the stock is currently owned by corporate insiders.

Wayfair Company Profile

Wayfair Inc (Wayfair) offers browsing, merchandising and product discovery for a range of products from various suppliers. The Company operates through two segments: U.S. and International. The U.S. segment consists of amounts earned through product sales through the Company’s five sites in the United States and through sites operated by third parties in the United States.

Institutional Ownership by Quarter for Wayfair (NYSE:W)

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